Tech companies are grappling with a shortage of talent, with 65% of leaders stating that recruitment is their top operational challenge. This shortage is due to a combination of increasing demand for tech skills and a decrease in supply, as traditional education systems fail to keep pace. To tackle this, companies are shifting their focus to the ‘purpose’ of work, which has been identified as a key motivator for tech talent.
This shift towards purpose-driven work is not just about corporate social responsibility; it’s about aligning business strategy with societal impact. For tech talent, this means working on projects that have a positive impact, not just profitable ones. This is particularly important for attracting and retaining younger workers, who are motivated by meaningful work.
Companies are also adopting flexible working models to attract tech talent. This includes remote working, flexible hours, and project-based contracts. These models recognise that tech talent values autonomy and flexibility, and companies that offer this are more likely to attract and retain top talent.
Finally, companies are investing in learning and development to bridge the tech skills gap. This includes both formal training and on-the-job learning. By investing in their workforce, companies can ensure they have the skills they need for the future.
Go to source article: https://www.bcg.com/publications/2019/organizing-future-tech-talent-purpose.aspx?linkId=73745131&redir=true