Businesses aim to protect innovation by retaining skills

Businesses reliant on innovation to remain competitive are focusing on skills...

Businesses reliant on innovation to remain competitive are focusing on skills retention, says business advisory firm Grant Thornton.

As companies continue to feel the effects of the recession, the trend is to looking for new ways of keeping key staff, says Niki Dixon, partner at Grant Thornton.

"With many stocks under water, we are seeing companies thinking laterally, offering things like iPhones as a welcome, but low-cost alternatives to bonuses," says Dixon.

Tech companies, in particular, are attempting to create stimulating environments by outsourcing as many of the mundane tasks as possible.

Collaboration among industry peers is another positive consequence of businesses faced with the challenge of doing more with limited resources, says Dixon.

A spirit of "open innovation" is particularly apparent in the computer game industry where competitors are collaborating on common challenges such as compliance, she said.

According to Dixon, the recession has come as a "profound shock" to most companies.

Few are likely to go back to the old way of doing business, including large IT budgets, when the economy improves, she said.

Read more on IT jobs and recruitment

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.






  • How do I size a UPS unit?

    Your data center UPS sizing needs are dependent on a variety of factors. Develop configurations and determine the estimated UPS ...

  • How to enhance FTP server security

    If you still use FTP servers in your organization, use IP address whitelists, login restrictions and data encryption -- and just ...

  • 3 ways to approach cloud bursting

    With different cloud bursting techniques and tools from Amazon, Zerto, VMware and Oracle, admins can bolster cloud connections ...