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Companies across a variety of industries are focused on digital transformation. Executives are rushing to hire tech specialists who can do everything from data science to making existing apps and services “smarter” via artificial intelligence (A.I.) and machine learning.
How is that quest going? According to a new report from the IT Executives Council, there’s quite a bit of work to be done. Based on polling of more than 100 technology executives (including CIOs, CISOs, IT directors, and others), 70 percent of businesses are currently struggling to find tech workers for key vacancies; some 53 percent suggested the process was “difficult,” while 16 percent said it was “very difficult.”
Which skills are particularly difficult to recruit for?
Fortunately, there are key steps that any executive or hiring manager can take to successfully source and retain tech professionals. Sizable numbers of respondents said their companies’ attrition rates were due to lack of career advancement opportunities (47.79 percent), inadequate compensation (46.90 percent), burnout (26 percent), limited flexibility and work-life balance (14 percent), and lack of training/development opportunities (9 percent). Fixing those issues can yield significant hiring benefits.
To counter those issues, a company can take a number of steps, including (but definitely not limited to):
While these (and other steps) won’t necessarily attract and retain all workers, they will contribute to a positive culture that hopefully encourages your best and brightest professionals to stick around and grow within your organization.
Dice Staff