The UK tech sector's skills shortage is reaching an all-time high according to a Harvey Nash Group's Digital Leadership report.
In the study circa 80% of digital leaders stated that post-pandemic, new life priorities among staff are making retention more challenging.
Developed in partnership with Cionet and the Massachusetts Institute of Technology CISR, the report also revealed that the number of UK digital leaders planning to boost their technology investment and headcount reached record levels, rising by over a third, 36% and 37%, respectively, since 2020.
The report also found that 40% of UK digital leaders admit they can’t keep key members of their team as long as they would like, as they’re being lured away by bigger salary offers.
Only 38% have redesigned their employee package to make it more appealing to staff in today’s new hybrid working world.
"With businesses planning record levels of digital investment we could be standing on the verge of a 'second renaissance' for technology," said Bev White, CEO of Harvey Nash Group.
"Organisations are looking to push their digital transformations further and faster than ever before, putting technology at the very heart of how they operate.
"But these ambitions are coming under threat from the acute skills shortages that are now worse than ever before."