Live Case – Project
TALENT MANAGEMENT: How to Win the Competition for Technology Talent
A Collaboration Between
As Vitech continues to experience significant growth, the staffing levels need to rise to meet the demand of new projects. Vitech’s traditional staffing has been entirely in-house, and there is a desire to continue adding more internal resources. There is also a strategic mandate to enable System Integrator (SI) partners to be able to independently implement the solution, which has led to project teams staffed by a mix of Vitech employees and SI partner resources. On top of the need to increase staffing levels, the IT job market continues to surge making talent retention more challenging. We need innovative ways to promote a company culture and environment which will keep Vitech competitive with the rest of the market. What can Vitech to do separate itself from other opportunities to attract and retain in-house talent and how can this be effectively balanced with empowering and growing our SI partner community?
Project Topics
Growth Strategy
Operations
Talent Management
Company Information
| Company | Vitech Systems Group |
| HQ | New York, NY |
| Revenue | N/A |
| Employees | 500-2500 |
| Stage | Large Enterprise |
| Hiring Potential | N/A |
| Website | https://www.vitechinc.com/ |
Company Overview
At Vitech we believe technology is best when it is used to simplify complex business processes and are on a mission to bring better software solutions to market to address the complexities of the insurance, retirement and investment industries.
We are committed to innovation and continuously building better user experiences for our customers by pairing our deep domain expertise with the latest advancements in technology.
Experiential Learning Program Details
| School | Fordham University |
| Engagement Format | Live Case - Think "Hackathon" or Case Competition with a whole class of students! This learning format allows educators to deliver experiential learning to students at scale. Students are often split into groups to work on a live case (or a series of cases) from a real host company that directly relates to key learning objectives. |
| Course | MBA On the Spot Consulting, Fall 2021 |
| Level |
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| Students Enrolled | 80-100 |
| Meeting Day & Time | 2 Sessions on Wednesday 10/27 & 11/3 from 3:30 - 5:30 PM ET |
| Student Time Commitment | 4-7 Hours Per Week |
| Company Time Commitment | 2 Hours |
| Duration | 1 Weeks |
Program Timeline
| Touchpoints & Assignments | Due Date | Type | |
|---|---|---|---|
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STUDENT ON-BOARDING BEGINS!
STUDENT ON-BOARDING BEGINS! |
October 13th, 2021 | Event na | |
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REMINDER OF CONFIDENTIALITY
REMINDER OF CONFIDENTIALITY
During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
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October 14th, 2021 | Event na | |
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Upload Résumé
Upload Résumé
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October 17th, 2021 | Submission Required submission-required | |
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SUBMIT PROJECT PREFERENCES
SUBMIT PROJECT PREFERENCES
Survey link: Project Preference Survey
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October 17th, 2021 | Evaluation evaluation | |
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Teams Finalized
Teams Finalized
Students Ramp-up for Assigned Project
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October 20th, 2021 | Event na | |
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Kickoff Evaluation Due
Kickoff Evaluation Due
Survey link: https://forms.gle/o47W3NjXWmoQ4BzW6
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October 26th, 2021 | Evaluation evaluation | |
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Presentation - Overview of Vitech
Presentation - Overview of Vitech
3:30 - 4:00 PM ET - Vitech Overview
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October 27th, 2021 | Event na | |
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Project Breakout Sessions
Project Breakout Sessions
4:00 - 4:30 PM ET: Overview of Project
4:30 - 5:30 PM ET: Working Session + Office Hours with Vitech Contact
|
October 27th, 2021 | Event na | |
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Temp Check Due
Temp Check Due
Survey link: https://forms.gle/mQTcH4a5h4pLet269
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October 28th, 2021 | Evaluation evaluation | |
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Submit Final Presentation
Submit Final Presentation
Upload your Presentation in PDF Form
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October 31st, 2021 | Submission Required submission-required | |
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Submit Link to 5-Minute Video Pitch
Submit Link to 5-Minute Video Pitch
Please submit a link to your 5-minute recorded video pitch introducing yourselves and summarizing your creative approach to solving the challenge presented by Vitech. We recommend recording and uploading your video using one of the following tools: YouTube, Vimeo, Zoom, Loom, DropBox, and/or Google Drive.
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October 31st, 2021 | Submission Required submission-required | |
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Debrief Session with Vitech
Debrief Session with Vitech
Each of the four projects will be debriefed in this order. Included in the debrief is an opportunity for Vitech to provide their feedback on deliverables and students to share reflections based on what they learned.
3:30 - 4:00 PM: PRODUCT DEVELOPMENT: Data and Analytics New Offering Analysis
4:00 - 4:30 PM: TALENT MANAGEMENT: How to Win the Competition for Technology Talent
4:30 - 5:00 PM: DELIVERY: Solutions Standardization
5:00 - 5:30 PM: MARKETING: The Changing Customer Buyer Journey – Winning Strategies for B2B Marketing
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November 3rd, 2021 | Event na | |
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Final Peer Evaluation Due
Final Peer Evaluation Due
Survey link: https://forms.gle/qP6JwPc8wVKFqsJW6
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November 6th, 2021 | Evaluation evaluation | |
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Final Self Evaluation Due
Final Self Evaluation Due
Survey link: https://forms.gle/fnv47sPFqjVZyrtT9
|
November 6th, 2021 | Evaluation evaluation |
Key Project Milestones
-
October 27, 2021 - Deep Dive on Technology Talent Landscape & Vitech Talent Management Model
- Why is the market for analysts and developers so competitive?
- What are the typical requirements in order to work in either of those positions?
- What are these types of team members typically paid?
- What is the current hiring process like at Vitech?
- What are some of the benefits Vitech provides? How does this compare with similar tech companies across different industries?
- How does Vitech use performance reviews?
- What are some of the exit procedures when someone decides to leave Vitech?
Suggested Deliverable:
- Develop an overview of the tech talent landscape and define key challenges Vitech needs to address in their talent model
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October 31, 2021 - Develop Improved Talent Acquisition & Retention Strategy
- How can Vitech refine their talent acquisition strategy?
- What consists of a good talent acquisition strategy?
- How can Vitech refine their talent retention strategy?
- What are the key aspects that lead to high talent retention?
- What companies are best-in-class when it comes to talent retention? What are they doing that Vitech can learn from?
- What are some additional benefits Vitech can provide in order to better retain talent?
- What outside vendors might Vitech be able to leverage in order to improve acquisition and retention?
- Might Vitech be able to leverage staffing organizations or implementation partners instead of staffing everyone as Vitech employees?
Suggested Deliverable:
- Develop recommendations on how Vitech can improve their talent strategy
Project Resources
- Vitech Fordham MBA Project Talent Management Breakout Room Presentation
- Gartner Report - 2021 IT Talent Outlook for Midsize Enterprises
- Gartner Report - Predicts 2021: The Insurance ‘New Normal’ Requires New Approaches to Talent
- Gartner Report - Revamp Diversity, Equity and Inclusion Strategy in IT With Creative Talent Acquisition
- Gartner Report - Want to Attract and Retain Young Talent? CIOs Could Learn a Lot From a Drink Machine
- Gartner Report - Quick Answer: How Can CIOs and IT Leaders Attract and Retain IT Talent in 2021?
- Gartner Report - Managing the Talent Crisis in Insurance IT
Industry Mentors
Academic Mentors
Assigned Students