Avoiding the Hiring Mistakes of the Dot-Com Boom
- Topics:
- Human Capital,
- Interviews,
- Talent Management
- Tags:
- Benefits,
- Telecommuting,
- Stock Options & Grants,
- Stock Options,
- Information Technology Worker,
- Human Resources,
- Hiring,
- Dot-com,
- CFO Publishing Corp.,
- Workforce Management
- Source:
- CFO Publishing
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Overview: According to sources, God never intended for Java programmers to pull down six-figure incomes. But in the late 1990s, that's just what happened. Panicked by a shortage of skilled IT workers - a shortage mostly caused by the dot-com boom - employers practically gave away the house in pursuit of tech expertise. Businesses set up weight rooms, agreed to telecommuting and flextime, and established onerous milestone payments. They offered IT workers lucrative - and dilutive - stock options. To the dismay of caterers and foosball vendors everywhere, the IT gravy train came grinding to a halt. But now, after several years of corporate cost-cutting, technology spending appears to be on the rise once more.
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Format: HTML | Date: Sep 2004
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