According to a report by Michael Page Talent in 2021, about 77% of tech professionals will volunteer to leave their current job and look for a new one by 2021. These include, but are not limited to, lack of growth opportunities, the potential for higher wages and better performance, and underutilized skills, which are the factors that would cause these professionals to leave their jobs, the report says.
To retain talent and minimize the rate of attrition, IT companies have used various talent acquisition strategies, such as: B. competitive remuneration and service packages, remote / flexible work agreements, opportunities for professional development and constant technological development.
“Tech Professionals are currently in great demand. Therefore, it is important for employers to consider remote and hybrid work models in order to expand the candidate pool and attract the best talent. Entrepreneurs with an outstanding track record are now keen to close shop and explore new opportunities due to the effects of the Covid-19 pandemic. And with it, companies can try to hire these entrepreneurial talent for their growth startups, ”the report says.
Artificial intelligence and machine learning skills will be in great demand as public, private and hybrid models have been adopted and migrated to the cloud on a large scale. Larger companies are building skills in automation and digital transformation, with a focus on Industry 4.0 in manufacturing setups.
It is also reported that average salaries in this sector will increase by 15-25% from current salaries. Cloud architects, full-stack engineers, and technical function managers are some of the most popular.