Companies in the technology sector are worried about not being able to keep up with trends or develop innovative ideas owing to the absence of talented staff. According to the annual Grafton Employment Group global Talent Gap survey, which surveyed over 1,000 companies in 17 countries, 31% of respondents from the technology sector sid they do not have the talent to execute their business strategy.
In line with talent shortages publicised in the technology sector in recent times, 47% of technology companies surveyed stated that they view the talent gap is one of the top three risks they face in achieving their business strategy.
These talent issues were also reported as having effects on productivity and efficiency (59%), and innovation (44%).
In response to these concerns, just over half of technology organisations said they now have a talent management strategy in place, the most popular of which being learning and development programmes. Technology-centred solutions like remote working and virtual groups scored the lowest.
Aidan McKee, head of BluePrint Specialist Appointments, part of The Grafton Employment Group, said: "There is an obvious talent paradox; companies are struggling to find the right talent to fill critical jobs, however only half of Irish Technology companies have implemented a talent management strategy. It is urgent that in order to retain and attract talent, companies need to take a long-term perspective of their talent management strategies in accordance with their corporate strategy."
Other findings from the reported cited staff retention, poor leadership and communication, and planning and organisational skills as barriers to business development. Only 50% of International respondents believe that their workforce strategy is agile enough (flexible, mobile, efficient etc) to deal with the changing needs of the economic environment.
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