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HR directors prepared to pay

20 August 2009

Human resource (HR) directors are willing to pay more money to attract executives with experience of operating with new technologies.

That is according to a survey conducted by Ball State University, which discovered that companies are prepared to increase the remuneration of their executives by between one and four per cent to recruit senior staff with emerging media skills.

This willingness could lead to an increased demand for interim executives, who have a higher initial cost, but are often more experienced and specialised in specific industry sectors than regular executives.

Highlighting the value that transitional executives bring to corporations while they occupy positions, the Interim Management Association suggested that many organisations are unaware of the wide-scale changes that interims can make in their operations.

Jennifer Boot, co-author of the study, explained why director-level individuals with proficiency in new technology are so treasured.

She said: "We are an information-centred society with emerging media technologies becoming highly integrated into the workplace."

Categories: Human Resources


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