| E-PAY Dot-com era leaves lasting legacy for IT pay in US Although the dot-com bubble may have burst, its anti-managerial legacy - everything from minimal hierarchy to flexible working schedules and casual dress - and fondness for stock-based options remains an enduring feature of reward packages for US technology workers, according to a new report by Mercer Human Resource Consulting. The report, which brings together the findings of eight of Mercer’ s recent surveys covering IT attraction, retention, and reward practices in the US, warns that even with the melt-down of the new economy employers cannot automatically breath a sigh of relief. "Information technology remains critical to business success, even more so in a business environment where both revenue and profits are more difficult to obtain," says David Van De Voort, the report’ s author. "There is still a shortage of IT talent, and excellent IT practitioners with in-demand skill sets are as difficult as ever to attract and retain." A final word The inflationary, cash-on-the-barrelhead practices of the IT consulting firms - like double-digit salary increase budgets, complex tiers of cash incentives, and more-frequent-than-annual pay increases - appear to be quickly fading, - David Van De Voort, Mercer Human Resource Consulting. Want to know more? Title: IT Commentary, Mercer Human Resource Consulting. Methodology: The report draws on the key findings of a range of surveys conducted during 2001, including Mercer’ s:
Availability: The report is available for purchase at www.imercer.com. To read the press release online jump to . . . www.imercer.com/us/newsreleases/news14.asp Mercer Human Resource Consulting is a global firm that helps organisations create business value through their people . With more than 13,000 employees in some 40 countries and territories serving clients worldwide, the company is part of Mercer Consulting Group, a wholly owned subsidiary of Marsh & McLennan Companies, Inc., Fort more details visit Mercer online at www.mercerhr.com. Posted 6 June 2002
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