Royalty Debate Spells Opportunity For Tech Sector



    Survey Shows Calgary Tech Companies Serious About Attracting Talent

    CALGARY, Oct. 25 /CNW/ - If the old saying, "luck is when opportunity and
preparation meet" is true, then Calgary tech companies must be getting that
lucky feeling. According to a survey released by Calgary tech consulting firm
Material Insight, years of refining ways to compete for employees in oil and
gas rich Calgary has positioned tech companies well to scoop up talent,
especially if the expected royalty hikes cause cutbacks and layoffs in the
sector.
    "Our survey looked at what Calgary tech sector employers are doing to
attract and retain talent in our oil and gas dominated local economy," says
Claudia Moore, President of Material Insight. "We found companies are winning
bright people by offering opportunity to make an impact, to contribute
personally to company performance and earn a stake in its success through
stock options or bonuses. This will become especially cogent if royalty hikes
free up more talent from oil and gas."
    According to the study, which surveyed 30 local tech companies, employers
such as Entero Inc. and Evoco Inc. stand out for offering flexible work hours,
bonus and equity compensation, role variety, and rapid upward mobility.
    "I was flipping through Calgary Inc's best places to work issue and shook
my head that tech companies missed getting the word out again," commented
Alice Reimer, Vice President of Evoco, a Calgary-based software company. "To
compete against large multinational oil companies for talent, we have to be
creative. Here at Evoco, we've seen our unique perks and incentives pay off in
our recruiting and low attrition rates."
    The survey comes on the heels of years of steady tech sector growth, as
well as numerous local tech success stories including royalty-free image giant
iStockphoto, Immersive Media, and recently acquired StumbleUpon - which was
purchased by eBay for $75 million in May.

    Material Insight is a practical service company that helps small to
medium-sized businesses to grow aggressively. They assist emerging companies
in the core areas of business counsel, marketing, product management, and
recruitment. For more information about opportunities in tech, visit
www.tryontech.com.





For further information:

For further information: Media Contact: Peter Fuerbringer - (403)
830-8935 or peter@voncreative.com

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MATERIAL INSIGHT

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