The "Great Resignation" has created a large gap between the supply and demand of tech workers, forcing the industry to trial novel approaches to staff recruitment and retention, according to a Feb. 11 Wired report.
Seventy-six percent of global IT leaders have critical skills gaps on their team, according to data from training company Global Knowledge.
To attract qualified candidates, some companies are increasing the amount of paid time off they offer. Others are offering candidates money to interview, often increasing the compensation amount for each round of interviews.
Tech companies are also posting fully remote positions to improve recruitment efforts. Maureen Carroll, senior director of global talent acquisition at digital marketing firm Vista, told Wired switching to remote-first increased the company's job applications by 300 percent.
Many tech companies, including Facebook, Twitter and Shopify, have pivoted to primarily remote work. Amazon, PayPal, Intel and Pinterest revealed in recent reports issued to shareholders that rejecting remote work is significantly harming their efforts to attract talent.