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Can traditional companies snag the tech workers needed in the age of AI?

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Transform HR for better tech talent

In the news

•

Needed: new AI skills. AI adoption has renewed interest in established IT skills, but it also requires entirely new ones. Prompt engineers, AI compliance specialists, and AI ethics advisers are roles that didn’t exist until very recently, and there is even demand to add AI-focused roles in the C-suite. Also needed: new security jobs, thanks in part to “shadow IT”—employees’ unapproved use of AI—which exposes companies to new risks. Experts say two elements will set employees up to meet companies’ needs: organizational knowledge, to understand what technologies companies actually require, and a commitment to continuous learning. [CIO]

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Courting tech talent. Following layoffs as well as a 33% decrease in job openings in the tech industry in the first three months of 2023, government agencies and a wide range of other employers, including hoteliers, financial institutions, and railroad companies, are snapping up tech workers who were once eager to work only for tech giants. Yet overall, there is still stiff competition for tech talent: the unemployment rate among American tech workers is just 2%. [AP]

McKinsey’s research and experience in the tech talent field show that the top 25 to 50 most critical roles can create the bulk of a company’s potential value.

On McKinsey.com

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Another company’s gain. Unlike tech companies, incumbent organizations in other industries have historically had trouble attracting the tech talent they need. This year’s tech industry layoffs create an opportunity for traditional players: McKinsey analysis from the first half of 2023 finds that more than 80% of laid-off tech workers find new jobs within three months, often with nontech companies. An end-to-end approach to HR can help attract—and just as important, retain—tech talent at these organizations, reveal McKinsey senior partner Dana Maor and coauthors.

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HR can get you far. A holistic HR approach looks at three S’s for improving a company’s tech workforce. For sourcing, identify the roles that create the most value and the skills needed for them, and search beyond the usual suspects both inside and outside the organization. Support the hiring and onboarding processes with digital tools, and then scale technology expertise by using digital tools to meet employees’ development needs. See how HR teams in banking, consumer goods, and other industries are improving their ability to recruit and retain top tech talent.

Update HR processes

— Edited by Heather Hanselman, editor, Atlanta

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:24 - 25 Jul 2023

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Can traditional companies snag the tech workers needed in the age of AI?

Transform HR for better tech talent

In the news

McKinsey’s research and experience in the tech talent field show that the top 25 to 50 most critical roles can create the bulk of a company’s potential value.

On McKinsey.com

Archives

in

info@learn.odoo.com

You still have time to register for August DevCon

You're Invited! Our EMEA User Meetups are Back this September

Can traditional companies snag the tech workers needed in the age of AI?

Transform HR for better tech talent

In the news

﻿McKinsey’s research and experience in the tech talent field show that the top 25 to 50 most critical roles can create the bulk of a company’s potential value.

On McKinsey.com

McKinsey’s research and experience in the tech talent field show that the top 25 to 50 most critical roles can create the bulk of a company’s potential value.