Australian tech companies are turning down new business because soaring pay rates being charged by workers with in-demand skills are making projects unprofitable, instead turning to training and other non-financial strategies to try to lure and retain staff.
Companies said different equity incentive strategies, new in-house training programs, and permanently flexible working conditions were among options being tried in a bid to survive the COVID-19-era skills shortage, which was biting emerging companies particularly hard.
Loading...
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
