Design parameters of multidimensional reward system based on preference analysis of students of business information systems at the University of Applied Sciences and Arts Northwestern Switzerland

Abstract

In Switzerland, there is currently a major shortage of skilled workers in many companies and organisations. A particular bottleneck can be seen in the area of IT professions. The lack of qualified employees is a challenge for future education and training and intensifies the current competition for today's necessary and urgently sought talent in the IT sector. In this context, it will be crucial in the future how attractive and individualized compensation systems can be designed for potential employees. Needs-based compensation packages should help to attract and ultimately retain future IT professionals. The aim of this study is to measure the preferences of students of business informatics at the FHNW to analyse which elements of total rewards management are crucial for the choice of a future employer. The results will help companies optimise the total rewards system according to their needs or include those factors that can be expected to provide the best benefits for future employees. Thus, not only the total monetary value, but also the composition of financial and non-financial elements must be included in this overall consideration.The aim is to provide decision-makers in organisations with targeted information that will allow them to design optimal incentive packages to be an attractive employer for students of business informatics or potential employees in the informatics field.