Management of Engineering and Technology
The goal of this project is to examine the means of talent retention within various management structures of high-tech start-up companies. Based on the results of our case study and other research we determined some of the universal attributes of a successful incentive structure for a high-tech organization. The technology industry has seen unparalleled growth over the last twenty years. As a result of this growth the demand for high-tech employees exceeds the current supply. Opportunities are abundant and due, in large part to the corporate dowllSizing and mergers of the 1970's-1990's. individuals no longer feel a strong sense of loyalty to any single employer. In order to acqui re and maintain quality high-tech employees, organizations in the new economy must understand what employees want and how they obtain job satisfaction. A review of current literature illustrates that today's technical employees want flexible work schedules. the opportunity to gain respect and additional income by doing a job welL and the opportunity to improve their job ski lls via dedicmed training. These benefits need to be delivered in conjunction with a competitive salary if employees are to remain satisfied and productive. In order to pursue our analysis of employee retention strategies we looked at a local teclmical start-up firm, Chiave Interactive, LLC. We reviewed information provided by the organization and conducted interviews with staff members. We learned that Chiave is attempting to recruit and retain talented employees by utilizing a team 2 based and participative approach. operating under a flat management structure. implementing material forms of incentives, and by providing a relaxed corporate culture. After an in-depth review, we bel ieve that Chiave has implemented a successful strategy that, with some modification and monitoring. will be a success at accomplishing technical employee acquisition and retention.
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Alkhali, Mubarak R.; Cockrell, Brian; Habboub, Khaldoun; Haggerty, Bridget; and Khamnayev, Timour, "Case Study: Chiave Interactive Retention of High Tech Employees" (2000). Engineering and Technology Management Student Projects. 1813.
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