Internet companies are still seen as better employers than more traditional companies despite the continuing job losses in the dotcom sector.
This is according to the latest research from the Career Innovation Group, an alliance of 18 multinational firms between them employing an estimated 1.l5 million people.
The research, which investigated the career values of 1,300 young high fliers representing 67 nationalities, concluded that large traditional companies need to project a more entrepreneurial environment if they want to recruit and retain a high quality workforce.
Colin Graham, author of the report ePeople – Engaging Talent in the Entrepreneurial Age also said red tape and internal politics deterred many younger people from working for large companies.
John Featherstone, HR director of worldwide employment for Sun Microsystems, agreed with the report’s findings.
He said, “The power in the job market has fundamentally shifted away from the company to the candidate.
“The company is no longer the buyer but the seller in the market for talent. At Sun we have already turned traditional people processes on their head.”