Oracle Corporation (NYSE:ORCL) the Co-CEO Mark Hurd said that it is hard to get talent to come to Boston. For new hires, California is considered as a better destination than Boston. However, Beantown has its own set of benefits that translate it one of the most vital operating and recruiting locales for the computer technology company.
The expert view
Hurd addressed local business leaders at Chief Executive Club and said that Oracle still prefers recruiting on college campuses. The company recruits 1,300 students per year in a segment that is historically considered as a mercenary industry. A large part of hires get their initial start in Boston. It is one of the four U.S. hubs of Oracle alongside Redwood Shores, California; Reston, Virginia and Austin, Texas. It employs over 3,000 people in Burlington, and elsewhere in Greater Boston. The total number of workers worldwide stands at more than 120,000.
The trend
Hurd further added that Oracle recruits from New England schools, stating that Boston College alone is center to dozens of the company’s new hires this year. However, it is not essential that all of them are inclined to stay in New England. It is an all together a different matter. The same is applicable for new hires who studied at different locations.
The perspective
Hurd concluded that from a recruiting view, it is tough to get people come to Boston. People are more inclined to work on the West Coast. He cited Silicon Valley’s growing tech sector and weather as main reasons for the common preference to move elsewhere. Therefore, Oracle Corporation (NYSE:ORCL) needs to over-recruit in the area as compared to the west Coast. Boston is valuable to the firm because of the young talent it produces. He also highlighted the perils related with depending on new graduates for employees. However, the payoff is worth it.
