73% of Tech Firms use Skilled Freelancers to fill Talent Shortages

Share post:

73% of technology companies have hired qualified freelancers or self-employed people to fill the space created by workers who have tendered their resignation.

Although 11% plan to take this step soon, 42% admitted that freelancers or self-employed people make up more than a quarter of their total workforce, and 71% admitted that freelancers or self-employed people give their company greater flexibility in uncertain economic times.

The need for freelancers became necessary because of the mass resignations of workers in various organizations. 44% of founders and executives of technology companies reported that “a significant number of their top performers” had left their companies.

The skills shortage and inability to get the talent they need through the traditional employment pathway are also forcing companies to hire qualified freelancers, with 67% of executives already believing that the traditional recruitment model needs to be overhauled, because it is too long and expensive.

80% of respondents said they were willing to hire someone without a college degree for any role, while 40% said they had increased their investment in career growth and training programs in the past year to retain talent.

80% of respondents are now investing in formal career development and training programs. 87% say that such measures are important for their employees. 41% say that they have deliberately increased their investment in technological training programs in the past year.

The sources for this piece include an article in TechRepublic.


Related articles

VMWare revenue drops by $600 million but Broadcom assures investors growth plan is on track

In its first full quarter under Broadcom's ownership, VMware's revenue fell by $600 million, dropping to $2.7 billion....

Apple faces backlash over recent ads

Apple is currently facing significant public backlash due to a controversial advertisement featuring a hydraulic press crushing various...

 Google executives face employee concerns amid profitsurge

At a recent all-hands meeting, Google employees voiced significant concerns regarding morale, cost-cutting measures, and the impact of...

Spotify CEO confesses to “rough times after layoffs” – stock price rises

In December, Spotify CEO Daniel Ek announced the largest round of layoffs in the company's history, cutting 1,500...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways