53% of IT professionals likely to switch jobs in the next one year: Survey – Times of India
More than half of the world’s IT professions are likely to look for a new job in the next 12 months as the workplace gets more defined by employee-‘ed movements like the Great Resignation and ‘Quiet Quitting, revealed the 2022 Skills and Salary report by Skillsoft.
Currently the biggest challenge for IT leaders are employee retention and recruitment.
Comprising insights from nearly 8,000 respondents, the report revealed that 66% of IT decision-makers see skills gaps in their teams, while the biggest challenge is centred around talent attrition as 53% of the respondents are extremely likely to pursue a new position as the pace of digital transformation and lack of enough technical resources have pushed many IT professionals to a point of burnout.
Among IT professionals that changed employers in the past year, the top three reasons cited for leaving were better compensation, a lack of training and development, and a lack of work-life balance, respectively.
Meanwhile, the top cited inhibitor to training is that management doesn’t see a need for it. This is despite 97% of IT decision-makers saying certified staff add value to the organization, noted the report.
With IT professionals seeing numerous benefits after training including improved quality of work (56%), increased engagement (41%), and faster job performance (36%), organizations that invest in their people can expect to see significant ROI both to the bottom line and with employee retention, Skillsoft added.
“Companies that create cultures of learning and talent development will be most successful in recruiting and retaining ambitious individuals with the right skills and certifications to make an impact. This culture not only supports individual employee growth – which is something IT professionals are actively seeking – but also leads to better business outcomes that propel organizations forward,” said Zach Sims, general manager, Tech & Dev, Skillsoft.
Despite improvement,80% said skills gaps pose high or medium risk to their team’s ability to meet objectives, while 63% have been unable to fill at least three positions in the last year.
The top factors driving skills gaps are difficulties with hiring skilled candidates (44%) and employee retention (33%). 26% say not enough is being invested into training.
The top three most challenging areas to find qualified talent are cloud computing, data analytics/big data/data science, and cybersecurity.
Positively, 59% expect a budget increase in the next year (up from 35% in 2021), with the top skill areas of investment being cloud computing, security, and AI and machine learning.
IT professionals are hungry for knowledge. Power skills are increasingly critical 86% have taken some form of training in the last year. The top three reasons for doing so are to prepare the organization for new technology upgrades, earn a salary increase, and as a personal choice or interest to upskill.
·61% of organizations offer a leadership development program. Team communication, interpersonal communication, and emotional intelligence were cited as the most important power skills to build.
As power and professional skills rise in importance in the IT industry, one-in-four have opted into this type of training in the last year.
Currently the biggest challenge for IT leaders are employee retention and recruitment.
Comprising insights from nearly 8,000 respondents, the report revealed that 66% of IT decision-makers see skills gaps in their teams, while the biggest challenge is centred around talent attrition as 53% of the respondents are extremely likely to pursue a new position as the pace of digital transformation and lack of enough technical resources have pushed many IT professionals to a point of burnout.
Among IT professionals that changed employers in the past year, the top three reasons cited for leaving were better compensation, a lack of training and development, and a lack of work-life balance, respectively.
Meanwhile, the top cited inhibitor to training is that management doesn’t see a need for it. This is despite 97% of IT decision-makers saying certified staff add value to the organization, noted the report.
With IT professionals seeing numerous benefits after training including improved quality of work (56%), increased engagement (41%), and faster job performance (36%), organizations that invest in their people can expect to see significant ROI both to the bottom line and with employee retention, Skillsoft added.
“Companies that create cultures of learning and talent development will be most successful in recruiting and retaining ambitious individuals with the right skills and certifications to make an impact. This culture not only supports individual employee growth – which is something IT professionals are actively seeking – but also leads to better business outcomes that propel organizations forward,” said Zach Sims, general manager, Tech & Dev, Skillsoft.
Despite improvement,80% said skills gaps pose high or medium risk to their team’s ability to meet objectives, while 63% have been unable to fill at least three positions in the last year.
The top factors driving skills gaps are difficulties with hiring skilled candidates (44%) and employee retention (33%). 26% say not enough is being invested into training.
The top three most challenging areas to find qualified talent are cloud computing, data analytics/big data/data science, and cybersecurity.
Positively, 59% expect a budget increase in the next year (up from 35% in 2021), with the top skill areas of investment being cloud computing, security, and AI and machine learning.
IT professionals are hungry for knowledge. Power skills are increasingly critical 86% have taken some form of training in the last year. The top three reasons for doing so are to prepare the organization for new technology upgrades, earn a salary increase, and as a personal choice or interest to upskill.
·61% of organizations offer a leadership development program. Team communication, interpersonal communication, and emotional intelligence were cited as the most important power skills to build.
As power and professional skills rise in importance in the IT industry, one-in-four have opted into this type of training in the last year.
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