skillsoft (NYSE: SKIL), a leading platform for transformative learning experiences, today released its 2022 IT Skills and Salary Report explore most requested skills and certifications, average compensation, growth opportunities, and career sentiment among IT professionals. Comprising the opinions of nearly 8,000 respondents (23% in APAC), the report reveals that 62% of ICCAs IT decision makers see the skills gaps in their teams. Although this is a considerable challenge, it represents an 11% decrease compared to last year. However, the industry faces another pressing challenge centered on talent attrition, with more than half (53%) of all respondents extremely or somewhat likely to be looking for a new job in the next 12 months.
Over the past year, the workplace has been defined by employee-led ‘movements’, namely the Big Quit and the ‘Silent Quit’. Meanwhile, the pace of digital transformation and the lack of sufficient technical resources have pushed many IT professionals to the point of burnout. Together, these trends are fueling record high talent turnover rates across industries. Skillsoft’s report found that the two biggest challenges for IT managers are employee retention and recruitment. Thus, organizations must take proactive steps to change their cultures to ensure that employees feel fulfilled, engaged and motivated.
“Learning is the catalyst for mutually beneficial growth for employees and employers, especially as organizations struggle to retain technical talent and keep pace with innovation,” said Zach Sims , Managing Director, Tech & Dev, Skillsoft. “Companies that create cultures of learning and talent development will be more successful in recruiting and retaining ambitious people with the skills and certifications needed to make an impact. This culture not only supports individual employee growth – something IT professionals actively seek – but also leads to better business results that propel organizations forward.
Among IT professionals who changed employers in the past year, the top three reasons for leaving were better pay, lack of training and development, and lack of work-life balance, respectively. and privacy. Meanwhile, the most cited obstacle to training is that management does not see the need for it. This despite the fact that 97% of IT decision makers say certified staff add value to the organization. IT pros seeing multiple benefits after training, including better quality of work (56%), increased engagement (41%), and faster job performance (36%), organizations that invest in their people can expect to see a significant ROI both down the line and with employee retention.
Additional takeaways from Skillsoft 2022 IT skills and salary report include:
Despite improvement, IT skills gaps still loom large in the minds of IT decision makers.
- 80% say skills gaps pose a high or medium risk to their team’s ability to meet goals.
- 63% have been unable to fill at least three positions in the past year.
- The top factors driving skills gaps are difficulties in hiring qualified candidates (44%) and employee retention (33%). 26% say that we do not invest enough in training.
- The three most difficult areas to find qualified talent in APAC are cloud computing; AI and machine learning; and data analytics, data management, and data science.
- Positively, 70% of IT departments in APAC expect a budget increase next year (compared to 44% in 2021), with top areas of investment being cloud computing, AI, and IT. machine learning, as well as data analysis, data management and data. Science.
IT professionals are hungry for knowledge. Power skills are increasingly critical.
- 92% of IT professionals in the Asia-Pacific region received training in the past year. The three main reasons for doing so are to prepare the organization for new technology upgrades, to get a raise, and, by choice or self-interest, to upgrade.
- 61% of organizations offer a leadership development program. Team communication, interpersonal communication and emotional intelligence were cited as the most important power skills to develop.
- As power and job skills gain prominence in the IT industry, one in four have opted for this type of training in the past year.
DEI’s efforts in the IT industry are improving, but there is still work to be done.
- 75% of respondents say their organization takes diversity, equity and inclusion (DEI) seriously, and 74% feel comfortable voicing their opinions at work.
- Yet around 25% have experienced microaggressions, harassment and/or discrimination in the workplace.
- When exploring employee sentiments about how management is addressing DEI challenges, 43% of non-management IT staff say they recruit diverse talent. But, only 19% see them setting and measuring DEI goals and objectives and only 17% say they offer executive mentoring, coaching or sponsorship.
“While the IT industry continues to face a myriad of challenges, they are by no means insurmountable,” added Orla Daly, Chief Information Officer, Skillsoft. “Our report shows a number of positives, particularly in the value of tapping into employees’ desire for development and growth. Through deliberate planning focused on creating transformative learning experiences, we as an industry can not only close the current skills gaps, but also create a sustainable workforce aligned with the future skills needs.