1.8%

1.8% unemployment rate for tech talent as of January 2023, significantly below the national unemployment rate (3.6%) despite newsworthy layoffs.¹

69%

69% of global employers say they are struggling to find workers with the right mix of technical skills and human capabilities.²

72%

72% of tech employees in the US are considering leaving their jobs in the next year.³

82%

82% of enterprises were prevented from pursuing digital transformation projects due to lack of resources, skills, and complexity of the technologies.⁴

Creating a culture that retains tech and digital talent
 

To break through the barriers to leveraging emerging technologies like cloud, AI, and cyber, health care organizations can create a culture that values tech talent as a unique and vital part of the talent pool—one that can help the enterprise transform digitally to meet and match its competition.

Characteristics of a culture that values tech talent include:

• Valuing tech talent as a critical workforce segment and recognizing them as key contributors to the organization’s strategic goals.
• Ensuring that top tech talent in the organization is upskilled and reskilled and can rise in their specialties throughout the organization because they are empowered to innovate and drive change.
• Making the organization a spot for highly skilled tech workers to jump to, rather than from.
• Inspiring tech talent with challenges that help them innovate, embrace new trends and tools, and acquire new skill sets aligned with the organization’s strategic ambitions—and also showcase their ability to help the firm reach its goals.

Organizations that adopt these characteristics can recruit and retain top tech talent who are passionate about the organization’s mission and who seek a long-term career, rather than “just” a job. They can provide these passionate team members with dynamic career experiences.

Endnotes:
1. CompTIA, “Tech employment holds steady heading into 2023, CompTIA analysis reveals,” press release, January 6, 2023.
2. US Bureau of Labor Statistics, “Civilian unemployment rate,” accessed February 26, 2024.
3. Nick Kolakowski, “Tech unemployment rate dips to 1.7 percent, despite recession fears,” Dice, August 9, 2022.
4. Nick Kolakowski, “Tech unemployment dipped to 2.1 percent in October,” Dice, November 8, 2021; US Department of Labor, “Statements by US Secretary of Labor Walsh on July jobs report,” press release, August 5, 2022.