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Tech firms in SE Asia struggle to find, retain talent: Study
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Illustration of digital interaction (Photo courtesy of Freepik)
T
he vast majority of start-ups in Southeast Asia are having a hard time recruiting qualified staff, and retaining them is an increasing problem.
A study conducted by Alpha JWC Ventures, management consulting firm Kearney and recruitment firm GRIT found that nine out of 10 technology companies admitted to having trouble finding quality talents with the right technical and nontechnical skillset.
Released on Monday, the survey called ASEAN Growth & Scale ‘Talent Playbook’ involved hundreds of employees and dozens of start-up founders in six Southeast Asian countries.
“Start-up leaders must take the right, balanced approach between growth and financial stability, and this requires suitable human capital, from recruitment to retention,” said Alpha JWC Ventures partner Erika Diansari in a press release issued on the day of the survey’s publication.
Read also: [EXECUTIVE COLUMN] Alpha JWC Ventures expects more unicorn start-ups to emerge
The internet, communication and technology market in Indonesia is projected to rise by more than 48 percent from 2021 to 2026 to reach US$49 million, necessitating a growing tech workforce.
Adding insult to injury, the talent dearth is amplified by the fact that 91 percent of employees surveyed said they were open to jumping ship should a better opportunity present itself.
