What We Do

How It Works

How Tech Valley Connect Works

Tech Valley Connect helps area employers by offering specialized support services for new hires who are relocating to the Capital Region.

For decades, employers have focused resources on traditional recruitment efforts (enticing prospective talent with salaries and robust benefit packages) and have left little consideration toward measures aimed at retaining new hires after they accept a job offer.  There were limited options because workplace culture has been black and white. Employers saw their sole responsibility as matching a particular skill set to the human capital that could fill the slot. This shortsighted focus on recruitment, however unintentional, led to a growing and costly challenge for employers: retaining the high-level prospects they fought so hard to attract. The inability to retain professionals is a problem too expensive to ignore. A 2012 study by the Center for American Progress projected that it costs employers up to 213% of the employee’s annual salary to replace a highly educated executive (i.e. estimated $213,000 to replace a $100,000 salaried CEO).16

And employees are on the move. In the United States alone in 2013, 41 percent of companies saw an increase in relocation volume over the previous year, with mid-size and large firms experiencing the highest increases. Another 37 percent saw international relocation volumes increase. Industry analysts expect that employers can expect to see similar trends in 2014. Those professional candidates who choose not to relocate often do so for reasons that have little to do with money. In fact, family issues/ties topped the chart as the main reason employees declined corporate relocation in 2013, with spouse/partner employment taking second place. Nearly half of firms surveyed by Atlas in 2014 indicated that spouse/partner employment “almost always” or “frequently” affects an employee’s relocation. This has been a ‘known’ obstacle for hiring leaders in the academic sector for decades.

It is no longer enough to view a professional candidate as a “set of skills.” If a new hire relocates for “just a job,” it is entirely likely that he or she may relocate for “just another job,” especially if neither they nor their partner formed meaningful connections to the community. Individuals are made up of their networks; personal, professional and family.  Workplace culture has been forced to recognize that recruitment planning must encompass the dual-career couple, not just the individual hire. The thinking has shifted from “What can we do to get them here?” to include “What we can do to keep them here?” This means embracing a multidimensional recruitment and retention template that provides comprehensive dual-career support.  By helping couples forge community connections, finding appropriate employment for accompanying spouses, and assisting with cultural integration, the necessary networks individuals thrive on are created to build an overall quality of life that roots them to the new community. Bringing accompanying partners into the decision-making process for recruitment is taken very seriously on both sides of the table. For employers, it’s about retention; for the dual-career couple, it’s about finances and keeping their family unit intact and happy.

 According to the Department of Labor, 70 percent of all people employed obtained their positions through some form of networking. Much attention has been given to the’two-body problem’ – a major challenge for professional hiring employers, costing anywhere from two-to-four times the salary for each professional hire they lose. Tech Valley Connect connect job seeking spouse/partners with decision makers in their field through high-level coordinated professional networking. These informational interviews serve as valuable professional networking which can accelerate the partner’s job search.

Ways to Partner with Tech Valley Connect

Consortium Member

  • Enhanced recruitment – referring new hires for transition support
  • Employer commitment to informational interviews for spouse/partners
  • Access to password protected client resumes
  • Link to Tech Valley Connect’s  job listings
  • Participation in monthly social events
  • Submissions to quarterly newsletter
  • Logos on website and marketing materials

Community Partner

  • Employer commitment to informational interviews for spouse/partners
  • Participation in monthly social events
  • Access to password protected client resumes
  • Link to employer  job listings
  • Host events
  • Submissions to quarterly newsletter
  • Web advertising
  • Logos on marketing materials and website

Annual Member

  • Employer commitment to informational interviews for spouse/partners
  • Participates in monthly social events
  • Access to password protected client resumes
  • Link to job listings within employer’s organization
  • Logos on marketing materials and website

Sponsorships

  • Various levels available – for more information contact Tech Valley Connect at 518-283-1812

Resource

  • Website advertising for local businesses. Local businesses convey their “wow” factors

Join our regional employer consortium