Abstract

Retaining their employees and reducing costs were identified as top issues for IT executives nowadays however the actual situation in companies is a lot different. Employed IT workers see better chances for advancement on external job markets than in their own company and are little satisfied with their career opportunities and expectations. IT employers need to solve this urgent issue as a global IT talent shortage massively threatens the IT labor supply. Based on an extensive review of literature we come out with a framework of five non-monetary solutions for retaining the IT workforce, non-monetary due to the current global financial crisis. These non-monetary solutions are career development, community building, lifestyle accommodation, work experience and security. Each solution is presented in detail containing differentiated forms of composure.

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