Banks need to increasingly focus on employee engagement if they want to recruit and retain top management and staff, including investing in more company-paid training and providing interesting and flexible work environments.

The way to engage technology folks is to give them something interesting to do, support to do it, IT training if they need it and a coach to help them learn new things,” says Judy Pennington, director of human capital at Deloitte Consulting.

In addition, Pennington advises financial firms to offer flexible workplace options in order to better engage their employees. “We can work our fingers to the bone for special projects, but we all need work-life balance. Engagement is about learning something new, doing cool work and knowing that they are valued for what they bring to the table.” Offering competitive salaries continues to be key, but it is generally not the main reason someone takes, or leaves, a job, according to 1,184 banking and securities IT staff and managers who responded to the InformationWeek 2013 U.S. IT Salary Survey examining their views on compensation, job satisfaction and other workplace-related trends. “Money is good, but money isn’t the only reason people come to a job,” Steve Rubinow, CIO of the Marketplaces division at Thomson Reuters, confirms. “Employees want to work in an environment where they will be challenged, where they feel like they’re accomplishing something important.”... Read full story on Wall Street & Technology

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