Salary Inflation in the Tech Sector - How Real is the Problem?
Is the tech talent shortage a real problem or just media hype? The answer is yes, and it's a big problem. The demand for tech skills has skyrocketed due to the pandemic, and there simply aren't enough qualified workers to go around. This has led to a bidding war for talent, with salaries and benefits rising rapidly. Companies are also having to get creative in order to attract and retain employees, such as offering remote work options and building tech hubs in desirable locations.
But what does this mean for you? If you're a tech worker, you're in a great position to negotiate a higher salary and better benefits. However, if you're a company, you're going to have to work hard to find and keep the talent you need.
This article explores the tech talent shortage in more detail, and offers insights on how companies can adapt to the new normal. To get the complete version of the article and learn more about the new models that are emerging in the tech industry, download the PDF now.