In 2021 and 2022, the IT labor market has significantly tightened, making it very difficult to attract and retain talent. It’s no wonder that the Gartner Global Labor Market Survey consistently shows compensation is the No. 1 driver for IT talent attraction and retention.

While employees were once satisfied with their salaries and benefits, the pandemic — among other global events — has caused a shift, and many are now seeking new employment with better compensation packages and more flexibility. CIOs must decide how to address skills shortages and whether to offer higher compensation, perks and incentives, training and reskilling to increase retention. READ MORE