Security News > 2023 > March > In uncertain times, organizations prioritize tech skills development

Though 65% of tech team leaders have been asked to cut costs, 72% still plan to increase their investment in tech skill development in 2023.

67% of tech managers reported that workforce reductions in their organization across software, IT, and data have resulted in their teams taking on more responsibility, while 47% of technologists agree they have had to perform additional responsibilities outside of their primary job function.

Investing in tech skills development helps equip overwhelmed employees with the tools needed to conquer these new and unfamiliar responsibilities.

52% of technologists said it's important to learn new tech skills in times of economic turbulence, and as day-to-day responsibilities evolve and expand in response to layoffs, upskilling becomes a critical aspect of not just individual success, but organizational success.

Amid these workforce challenges, the report illuminates a decrease in tech skills confidence across respondents.

For technologists who secure the time or budget to prioritize upskilling, 30% don't know where to focus their skills development, while 25% aren't sure which resources to leverage.

News URL

https://www.helpnetsecurity.com/2023/03/24/tech-skills-development/