General Electric (GE) is taking no prisoners in the very competitive war for top technological talent—it is even poaching the most elite engineers from other top technology companies. How does GE do it? With offers of big challenges, attractive innovations, and big compensation packages.
Clint Boulton writes, “Hiring enough tech talent to facilitate digital transformations typically tops the list of challenges CIOs face. They could do worse than follow the blueprint crafted by 125-year-old General Electric.
“The company has lured top tech executives from Apple, Google and Microsoft by underscoring the huge role GE plans to play in the so-called Fourth Industrial Revolution, an era defined more by software platforms and APIs [application programming interfaces] than heavy metal. It has also overhauled a talent recruitment practice that was more suited for the industrial giant of yore by bringing in technical recruiters who offer the kind [of] compensation packages pitched by Silicon Valley titans.
“‘Some people might say “[GE is] old and slow, industrial, how can you have an interesting mission?”‘ GE Digital CEO and CDO Bill Ruh tells CIO.com. ‘I think the reality is it’s much more interesting when you build big machines.’”