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As Published
in
EXPERT INSIGHT ™
in
the September 30, 2001
issue of Inc. Magazine.
THE
MAGAZINE FOR
GROWING COMPANIES
As
an established leader in
the consulting community,
Innovative Alternatives, Inc.
is recognized as an
"Expert Insight", for growing
IT Consulting companies.
"Survival Tactics for
The IT Staff Shortage" .
This
is the first of three insertions
appearing in Inc. Magazine
throughout the year.
For more information on this topic,
Contact
Innovative Alternatives, Inc.
847-995-8100
sales@novaalt.com 
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The IT workforce
shortage shows no signs of tapering off. Hundreds of thousands
of jobs are unfilled. Annual staff turnover in many organizations
averages 30% or more. IT salary increases far outpace inflation,
while workers with hot skills command pay premiums of 40% or more.
Keeping up with today's ever-changing technology means going outside
your company. Right-sourcing your IT
technical staff is a rapid and cost effective solution that the
majority of fortune 1000 companies have adopted. Right-sourcing has been compared to the "just
in time" model of
inventory
management for staffing.
Right-sourcing is a solution that "goes
beyond dollars". The vast majority of company’s believe
that Right-sourcing is a tactical
maneuver that provides their companies with a competitive advantage
Companies are looking for business partnerships that create
real value and a competitive advantage.
Right-sourcing allows companies to focus
their resources and energies on those things they know best and
that create the most value - their core
competencies - while actually improving management of various
important internal processes.
The functional areas
with the most upside potential for Right-sourcing are legal, tax, information technology
and human resources, followed by administration, customer service
and finance/accounting.
All of these areas generally
have two things in common. First,
they are generally not the core competencies of large enterprises, although they are necessary for the organizations. And second, companies can
all benefit from better business process design, along with the application
of information technology to provide companies with ability to
stay ahead of the curve by employing the correct skills in a "just
in time" model that Right-Sourcing enables.
Right-sourcing is a cost
effective means to managing talent and to facilitate technology
improvements, lower costs, legal and regulatory
compliance, better access to information and the ability to focus
on core competencies as key benefits.
Outsourcing, once used mainly for downsizing and cost reductions
at major corporations, is becoming a strategic tool that has a
powerful impact on corporate growth and financial stability.
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