More and more articles I read are talking about the need for more more IT professionals, but the issue seems to be more real when I read it in one of those paper-based blogs you may have heard of, like an article by Gillian Shaw in the Vancouver Sun yesterday. Hitting a peak at the with the Y2k phenomenon, the IT industry and those looking for gainful employment quickly fizzled out as start-up companies became things of the past and the infamous 1.0 bubble burst. With IT becoming more and more important for the average small and medium enterprise and larger corporations having more concerns over their own IT departments, especially in the wake of several well-publicized security blunders, individuals looking for work in the IT industry are now able to look for the opportunity that interests them the most. More and more, companies will need to look at retaining the talent they have and rewarding those individuals, because if they are not interested in doing so, another company is, and turnover is rarely a good thing. From the article, some interesting numbers:

1. 90% of technology and telecommunications companies expect it to be difficult to find technically skilled help over the next 3 - 5 years
2. 60% expect a shortage of talent
3. 67% say developing leadership talent is the most critical talent issue
4. 48% say retention of key talent is the most critical issue
5. 80% indicated educations institutes and employers need to work with eachother to ensure an adequate supply of new talent
6. 60% of organizations plan to increase their investment in recruiting
7. 67% will rely on financial rewards and incentives to attract and retain talent

Note: Image was borrowed from TalentedTechies.com.

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