IT Professionals : According to a study conducted by the skill development platform Skillsoft, more than half of decision-makers in the information technology sector see a skill set mismatch in their teams. Over the next year, more than half of the experts in the field will be looking for new opportunities.

As per the report – 2022 IT Skills and Salary Report, 66% of IT decision-makers are concerned about talent gaps in their teams.

Although the gap is 10% smaller than it was last year, attrition remains a major worry. “The industry is confronting another significant concern based on talent attrition,” according to the survey. “More than half (53%) of all respondents are highly or somewhat inclined to look for a new position in the next 12 months.”

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The study emphasized the most in-demand skill and certifications, as well as average pay, growth opportunities, and career sentiment among IT workers. Changes in digital transformation have overtaken many IT professionals’ technical skill sets. This has compelled tech organizations to prioritize learning and growth, as opposed to bringing in lateral personnel.

According to the report, the top three reasons for leaving IT workers who moved jobs in the last year were better salaries, a lack of training and development, and a lack of work-life balance.

Meanwhile, despite the fact that high turnover rates continue to wreak havoc on the information technology services sector, companies appear to be reducing their hiring plans. According to research by Xpheno, the IT services sector had only 70,000 active positions in September, the lowest number in 17 months. According to the data, this is also the sharpest year-on-year reduction in active job volumes (36%).

As per the data, September was also the worst month for overall active job opportunities across industries. In August 2022, the total number of jobs was 210,000, down from 260,000 in August 2022.

According to a senior team leader at TCS, many tech employers have just begun upskilling efforts for their employees, but many are unsure about the types of skills they should be teaching their employees.

Companies that foster learning and talent development cultures will be more effective in attracting and retaining ambitious individuals with the necessary skills and certifications. This culture not only encourages individual employee growth, which IT professionals actively desire, but it also leads to improved business outcomes that move organizations forward, according to Sims.

Meanwhile, greater salaries, a lack of training and development, and a lack of work-life balance were the top three reasons for leaving IT professionals who moved jobs in the last year.

However, the most frequently mentioned impediment to training is that management does not perceive the need for it. This is despite the fact that 97% of IT decision-makers believe certified employees offer value to the organization, according to the report.

With IT professionals seeing numerous benefits after training, such as improved work quality (56%), increased engagement (41%), and faster job performance (36%), organizations that invest in their people can expect to see significant Return on Investment (ROI) both to the bottom line and with employee retention, according to the report.

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