The tech talent shortage is a growing crisis
The tech talent shortage is a growing crisis
1.8%
1.8% unemployment rate for tech talent as of January 2023, significantly below the national unemployment rate (3.6%) despite newsworthy layoffs.1
69%
69% of global employers say they are struggling to find workers with the right mix of technical skills and human capabilities.2
72%
72% of tech employees in the US are considering leaving their jobs in the next year.3
82%
82% of enterprises were prevented from pursuing digital transformation projects due to lack of resources, skills, and complexity of the technologies.4
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Access and optimize the right talent
- Consider creative talent-sourcing avenues and leverage contingent tech talent for project-based and ad hoc support
- Revamp recruiting approaches and market tech roles differently than traditional roles
- Focus on sourcing for the right skills over designing new roles
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Attract, build, and retain a high-performing workforce
- Create an agile performance management model that aligns closely to how teams operate
- Consider how individual performance affects the larger team’s performance
- Enable tech talent with unique learning opportunities to refine and build their skill set
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Create compelling and sustainable work experiences
- Incorporate the latest technology across business functions to complement tech skills
- Provide opportunities for innovation and ideation, and encourage tech talent to explore passion projects
- Reset cultural norms to develop new ways of working in line with tech talent’s expectations
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See it in action