The report details a talent crisis in IT, highlighting the struggle in hiring, developing, and retaining technical talent due to inadequate current approaches. With a predicted 22% growth in software development fields and a 1.2M talent shortage in the US by 2026, employers face challenges in both acquiring and keeping skilled professionals. High turnover rates, exacerbated by frustrations with tooling, micromanagement, and bureaucratic processes, cost significantly, both financially and in productivity. It reveals a misalignment between IT and People teams on managing the tech talent lifecycle, underscoring the need for collaborative, updated strategies to address these challenges effectively, improve job satisfaction, productivity, and retain top talent.

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