Tech Talent Strategy: Enabling Career Agility | Deloitte US has been saved
Authored by Joan Goodwin, Manu Rawat, and Leonard Dubovoy
Career agility can help organizations create differentiated value proposition for tech talent
85% of global chief executive officers (CEOs) have accelerated digital transformation efforts since 2020, with spending projected to comparatively double in 2024.1 While these efforts are often enterprise-wide —involving departments such as human resources, finance, or supply chain to deliver on the strategic transformation—they all involve technology and tech talent. As such, information technology (IT) teams are called to maintain routine operations—while navigating the complexities of an expanded, tech-driven future. This increases reliance on both advanced technology and the professionals needed for its realization.
With software development jobs projected to grow by 25% over the next decade1 and demand exceeding the supply at least until 20262, an increasingly persistent problem will be delivering on the strategic vision of technology transformation with talent that’s hard to find and retain. Recent surveys show that only 33% of IT employees have a high intent to stay in their organizations vs. 41% of non-IT employees.3 Organizations face immense pressure and hypercompetition in all industries to attract and engage top IT talent.
Career agility: A differentiator of your IT employer brand
With turbulent global markets and fierce competition in a post-COVID-19 pandemic world, the pace of change is accelerating. The result is a paradigm shift where employees wield unprecedented influence over the choice of employers and the nature of work. This heightened worker agency can be attributed to factors such as rising social consciousness, motivation for purposeful work, and technological advances—allowing value creation “anywhere, anytime,” especially in the tech sector.4 Employers are unsure of how to best source and retain tech talent, especially when employees go as far as sacrificing job security for values, as shown in the Deloitte Global 2022 Gen Z and Millennial Survey, where a third of respondents indicated they would leave their job without another one lined up.5
Tech employees cite career growth and development opportunities among their top-valued attributes in an organization but rank them among the lowest in terms of satisfaction.6 Vertical, ladder-based career paths can be restrictive for growth and expansion of ever-evolving technical skills.
Here are three strategies for organizations to use career framework components—such as skills and developmental experiences and internal talent marketplaces—to source top tech talent.
Trust: A key enabler for an agile workforce
Allowing employees to move across functional areas (powered by skills) is vital in a career agility strategy. But enabling a culture of continuous learning and growth requires trust between leaders and employees many organizations fail to achieve. Now is an especially crucial time as many organizations are experiencing layoffs which are known to erode trust13 and make employees apprehensive around exploring new career paths and skills outside their “comfort zone.”
Ensuring employees are aware that efforts invested in developing high-value skills make them eligible for internal roles is crucial. This fosters motivation for reskilling and upskilling, reinforcing the organization's commitment to empower individuals in their careers—even amid economic uncertainty.
Maximizing these strategies
Just as a sports team can score more points with certain high-performing players, it may be the case that creating a winning team of IT talent follows the same premise. Per a recent MIT Sloan Management Review article, focusing on top tech talent will reduce costs by 30% without reducing current performance or productivity.14
Employing a skills-based methodology for sourcing, developing, and engaging top tech talent lets organizations prioritize individuals with expertise in areas conducive to the organization's growth, whether within a specific industry or advanced tech like AI, or aligned with organizational culture and values. Leveraging transferrable skills and transcending employment distinctions taps into previously unused resources. Cultivating an environment where workers’ interests align with their roles ensures long term commitment and engagement.
The evolution of workers' agencies has reshaped career dynamics, impacting individual role choices and organizational approaches to talent development. In the tech sector—at the forefront of workplace transformations—talent is experiencing the profound effects of career democratization. By tapping into career agility, organizations can craft a tech talent strategy that elevates their IT brand value and builds deeper employer-employee relationships.
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Endnotes
1 Michael Bechtel and Bill Briggs, “From DevOps to DevEx: Empowering the engineering experience,” Deloitte Insights, December 6, 2023.
2 Burkhard Boeckem, "Three Lessons About Recruiting and Retaining Talent," Forbes, March 15, 2024.
3 Gabrile Vogel and Lily Mok, “CIOs Must Reinvent Their IT Employment Value Proposition to Compete for Top Talent,” Gartner, January 6, 2023.
4 Sue Cantrell et al., “Harnessing worker agency,” Deloitte Insights, January 9, 2023.
5 Deloitte, The Deloitte Global 2022 Gen Z and Millennial Survey, 2022.
6 Gabriela Vogel, Lily Mok, and Lee-Anne Vallee, “CIOs Must Reinvent Their IT Employment Value Proposition to Compete for Top Talent,” Gartner, October 12, 2021.
7 Sue Cantrell et al., “Navigating the end of jobs,” Deloitte Insights, January 9, 2023.
8 Sue Cantrell, Jonathan Pearce, and Michael Griffiths, “Skills: The new workforce operating system,” Deloitte, October 21, 2021.
9 Lou DiLorenzo Jr., Anjali Shaikh, and Khalid Kark, “2023 Global Technology Leadership Study,” Deloitte, 2023.
10 Ina Gantcheva et al., “Activating the internal talent marketplace,” Deloitte Insights, September 18, 2020.
11 Sue Cantrell et al., “Unlocking the workforce ecosystem,” Deloitte Insights, January 9, 2023.
12 Mackenzie Wilson et al., ”Internal mobility and talent marketplace solutions: Market primer,” Deloitte, 2020.
13 Punit Renjen and Sandra Sucher, “Building organizational trust—and making it tangible, measurable, and actionable,” Deloitte Insights, September 16, 2022.
14 Peter Jacobs et al., “It's time to reset the IT talent model,” MIT Sloan Management Review, March 5, 2020.