Despite the ongoing tech labour shortage, companies are still facing the challenge of adjusting their staff to meet the demands of digital transformation. Amid a competitive hiring market, employers must focus on retention and reskilling to make sure they have the IT talent they need now and in the future.

The demand for tech talent is continuing to outstrip the supply, leaving companies in a critical situation. According to Gartner’s report, employers will need to focus on retention and reskilling to stay ahead of the digital transformation demands. The report also noted that IT spending is projected to rise 5.5% to an estimated $4.6 trillion in 2023, proving that despite turbulent economic times, the tech industry continues to remain strong. With this in mind, companies must focus on investing in their staff to ensure that they have the tech skills they need to succeed in the long-term.