Source | www-thehindu-com.cdn.ampproject.org | Mini Tejaswi
‘Employee churn, through roles, is no option in digital’
Tech workers retrained for digital skills expect to be compensated higher and tech firms that are slow in providing this compensation adjustment are likely to lose their employees and investments they made in retraining, cautioned industry experts.
There has been a huge shortage of digital talent after the pandemic started accelerating digital transformation in the global marketplace.
The new market demanded new skills which required the industry to invest in retraining, paying high to retain these reskilled workers and also hiring new and more expensive talent, said Peter Bendor-Samuel, CEO of Everest Group, a Dallas-based analyst and advisory firm.