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Companies Struggle to Keep Their Tech Workers From Logging Off

  • 4 mths ago

Many information-technology workers in the U.S. are on the hunt for new jobs, seeking a wider array of remote work options, better chances for promotions and bigger paychecks, as Covid-19 restrictions ease and the economy rebounds.

That has many employers redoubling efforts to recruit and retain skilled IT workers, who were already in short supply before the coronavirus pandemic.

“Companies across all industries are struggling to secure this talent and in many cases new hires are simply replacing recent departures,” said Craig Stephenson, managing director of the North America technology officers practice at consulting firm Korn Ferry.

At the same time, demand for workers with expertise in engineering, cloud computing, data analytics and cybersecurity has never been higher, as companies retool post-pandemic operations with digital technology, Mr. Stephenson said.

Combined with a chronically low supply of tech talent, IT job seekers are eyeing an enticing seller’s market, according to recruiters and analysts.

Roughly a third of more than 2,800 IT professionals in a recent survey conducted by Robert Half International Inc. said they plan to look for a new job in the next few months. Most told the global staffing company they were after a higher salary or that their current job offered few opportunities for advancement. The survey was conducted between March and April in more than two dozen major U.S. cities.

Most employers saw unusually low turnover in the past year, said Jeffrey Weber, executive director of Robert Half’s technology division, adding that survey results suggest IT workers who likely held off on making a move during the pandemic are now ready to go.

Employees in other fields are also shopping around for new jobs, biding their time as there are more job openings in the U.S. and fewer people in the labor force than before the pandemic struck in March 2020.

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