NAVIGATING THE TALENT SHORTAGE: STRATEGIES FOR EFFECTIVE RECRUITMENT AND RETENTION IN THE TECH INDUSTRY

Abstract

The technology industry faces a significant talent shortage, driven by rapid technological advancements and the increasing demand for skilled professionals. This paper explores effective recruitment and retention strategies to address this challenge. By enhancing employer branding, leveraging technology, expanding talent pools, and offering competitive compensation and benefits, companies can attract top talent. The paper also examines successful retention strategies, including strong leadership, employee engagement, continuous learning opportunities, and fostering a positive organizational culture. Real-world case studies of top tech companies provide practical insights and lessons. Additionally, the paper discusses challenges such as budget constraints, resistance to change, and intense competition for talent, offering solutions through strategic planning and innovative practices. This comprehensive approach aims to mitigate the talent shortage, ensuring sustainable growth and competitive advantage in the tech industry.