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The biggest challenge for CTOs

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Research from STX Next has found that 41% of CTOs report hiring to be their biggest challenge at present. This comes as unemployment rates fall in the UK, Europe and USA after peaking earlier in the pandemic, meaning fewer candidates to fill roles, despite increasing demand for digital technology.

The survey also suggests that the majority of tech leaders value soft skills highly when looking to address staffing shortages. 83% of CTOs stressed the importance of feedback from peers on soft skills when evaluating employee performance. In addition, 81% highlighted a good culture fit as an important hiring criterion, second only to proficiency of technical skills (83%).

The findings were taken from STX Next’s 2021 Global CTO Survey, which gathered insights from 500 global CTOs. Other key findings included: 68% of respondents reported that the increase in remote working hadn’t had a negative effect on relationships with team members – soft skills can still be demonstrated whether working in the office or from home. 77% of CTOs reported a preference for hiring new employees from outside of their organisation. When sourcing new talent, 72% of CTOs said the most efficient way to identify prospective team members is through employee referrals.