NOVEMBER - 2022HR TECH OUTLOOK19CXOInsightsWe're all seeing it. The battle for talent has reached new heights. Seems like every week another (what we regarded as) critical resource has resigned with a story of greener pastures that we can't compete with. I contend this trend will continue, but it doesn't have to for you. Below is an explanation of why this has happened and ways for you to successfully fight back. First, what changed? Heads up! The game changed, and you need to change with it. As an IT leader, you need to recognize the new realities and evolve accordingly or the solid team you've built will find a leader who does provide what people want. You might already be on the downslope and not realize it!How did this shift occur? The old status quo felt like you had more control, and you'd never seen retention rates start to trend downward like this! The world changed in the spring of 2020. We switched everyone overnight to work-from-home (WFH) for COVID and that stint changed how tech talent felt about their roles in organizations. WFH has a strong pull for people ­ it helps achieve work/life balance. "I can work from anywhere and be effective!", they realized. Not only did employees notice this, but employers did also. Iterations of WFH switched from being an outlier to a norm and in some cases a demand. The shift was on.. That new norm resulted in IT leaders being more willing than ever to hire people located anywhere. This created an interesting dynamic. Big city companies Mike Campbell, VP - ETO, Clayton HomesByRETENTION AND ENGAGEMENT OF TECH TALENT IN 2022Mike Campbell
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