A look at the Tech Retention Crisis: Causes, Key Trends & Plausible Solutions

As competition rises for quality hires in the tech industry, the battle for retention impacts revenue, employee morale, and productivity.

Career growth, compensation, and professional development are the biggest reasons cited for job changes.

The True Cost of Employee Turnover in Tech

Some of the costs of employee turnover include loss of institutional knowledge, disrupted project timelines, risk to client relationships, cost of training and recruiting, and investing in individuals that switch to competitors.

You can combat the cost with planning, such as measurement and survey methods.

Why Cyber Attacks Surge Around the Holidays

Cybercriminals unfortunately prey on people during the holidays, knowing companies will be less responsive and potentially less vigilant during this season.

A phishing attack in the form of a "Merry Christmas" email is all the more reason to plan for backups, IT staffing, decentralized data security approaches, and phishing education around the holidays.

The Quest To Close The Cybersecurity Talent Gap

High demands on a limited pool of cybersecurity talent can lead to burnout within the Cybersecurity industry.

The White House’s NCWES is addressing this issue with an emphasis on earlier and more accessible cyber education, career growth pathways for a diverse pool of entry-level employees, and federal workforce job openings.

"ICAP is unique in that they are not a “body shop” looking to grow their business through the sheer volume of consultants they can place. Instead, their focus is on finding an ideal match meeting the needs of the customer and the career goals and expertise of their associates. ICAP cares about their team members and they focus on attracting and retaining top talent and go the extra mile to regularly reach out and solicit feedback and improvement opportunities from their team members. They are never content with the status quo. I would highly recommend ICAP to any of my friends or colleagues looking for their next opportunity."

Will Sprang

Vice President & CIO

Apex Tool Group, LLC