The fear of job security, along with work stress and increased market uncertainty, can significantly deteriorate employee morale and engagement, which are common causes of employee turnover.
Combined with many businesses reset their strategies and transform business models to digital to improve resilience, CIOs will find it more difficult to retain and recruit quality talent with scarce digital skills and expertise.
Renew Retention Strategies to Retain Technology Talent for Digital Business Success
Analyst(s): Lily Mok, Deacon D.K Wan
As businesses renew their digital strategies to thrive in the post-pandemic era, top talent with digital skills and expertise will be in even greater demand than pre-COVID-19. CIOs must renew their strategies to retain key talent for the long-term success of the digital business.