Skills shortage kills businesses, especially, high tech skill shortages can cripple modern businesses. For a modern business to succeed, you need Cloud Experts, Mobile App experts, Digital Marketing experts, Data Experts, Cyber Security experts and so on. You need to be sure about one thing: If an employee is good, that employee will leave your organization. You need to be ready for that eventuality.
Any skills shortage will bring down your sales within hours.
How to foresee this happening ? Most High tech skilled people are always looking for opportunities to make more money and also expand their technical experience.
- The first cue you will get is that usually an employee starts putting extra hours and extra care into his job more than usual
- They will circulate their resumes
Usually a high skilled individual will start looking opportunities after 24 months.
So an organization has to have options ready at all times for every critical resource. Critical planning points include:
- Preemptive Hiring
- Create a bench of contractors who are aware of the solution as much as your employees do
- Backups of all tech related material
