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The seemingly unending growth in the UK tech sector is under threat as massive skills shortages reach an all-time high just as companies signal their intentions to increase technology investment (61% intend to) and headcount (66%) to record levels, finds the world's largest and longest running survey of senior technology decision makers.
The Harvey Nash Group Digital Leadership Report, in collaboration with CIONET and contributed to by Massachusetts Institute of Technology CISR also found that as the UK's tech skills crisis reaches new heights, 8 in 10 digital leaders report that, post-pandemic, new life priorities amongst staff are making retention even more difficult. 4 in 10 in the UK admit they can't keep key people as long as they would like, as they're being lured away by the offer of more money. Only 1 in 3 organisations (38%) have redesigned their employee offer to make it attractive to staff in the new hybrid working world.
Bev White, CEO of Harvey Nash Group said:
"With businesses planning record levels of digital investment, we could be standing on the verge of a 'second renaissance' for technology. Organisations are looking to push their digital transformations further and faster than ever before, putting technology at the very heart of how they operate. This will take them beyond being merely 'tech-centric': technology will literally be dispersed throughout the business, everywhere."
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