Joy Nazzari, the founder of British startup Showhere, is desperately trying to hire 16 people — a combination of senior-level developers, project managers, and designers. But her pool of candidates is running dry.
"It's never been harder or more expensive to hire new people," she says. "Yet you also have to defend who you already have, because they're seeing the bright lights — being hit up on LinkedIn and hearing stories of friends attracted by big salary packages."
Employers are finding it difficult to replace the wave of workers who quit in the Great Resignation, which began in 2021 and hasn't let up. In the U.S., the number of workers quitting has now exceeded pre-pandemic highs for eight straight months, according to Statista.
The Great Resignation has widened the gap between the supply and demand of tech workers, and has made employers resort to extreme incentives to recruit as many of them as possible. In IT, 31 percent of workers actively sought out a new job between July and September last year. Training company Global Knowledge found that 76 percent of global IT decisionmakers are dealing with critical skills gaps on their teams. Multiply that problem across other tech roles, and it's clear that the skills shortage is likely to worsen before it gets better.
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