 The 2007 Deloitte Technology Fast 500 CEO survey recently revealed the beginning of a talent crisis within the technology industry. With the baby boomer generation reaching retiring age, international CEOs cite chronic shortages of talent as one of their greatest concerns. More than half of the companies surveyed said they plan to expand their workforce by more than 25 percent, with the vast majority wanting to grow organically, but the biggest challenge to companies is "finding, hiring and retaining qualified employees." Many CEOs have made it their top personal challenge to develop the next generation of leaders, yet a large number express concern with national education systems. Views on off-shoring have also changed, being seen not just as a way to capitalize on cut-rate labor, but as a valuable source of talent that is not available at home. This report examines the technology sector from its leading edge, with observations and insights from the world’s most dynamic companies. The findings are based on a survey of 546 CEOs in the 2007 Deloitte Technology Fast 500—a group of the 500 fastest-growing technology companies from each of the world’s three major regions. These companies, which span a wide range of technology industries, have one thing in common: an extraordinary track record of growth and success. Download the report to obtain insights into the minds of these CEOs regarding the key issues and challenges facing them and their companies in today's market place.
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