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IT skills gap costing firms £100k yearly

A new Symatrix study indicates that 22% of 200 surveyed IT leaders believe the IT skills gap is leading to an annual loss of £100k for businesses.

Over the past three years, 77% of organisations report increased IT recruitment costs, with 45% seeing a surge of more than 10%. Additionally, 27% now require over two months to fill a position, an uptick from two years prior.

However, while 36% of businesses spend over £250,000 monthly managing IT in-house, a significant 90% believe shifting to a managed services approach could be cost-saving. In fact, 38% of adopters have seen yearly savings of over £100k.

Charles Courquin, Sales Director, Symatrix said: “Businesses must now look externally to help address the IT skills shortage and stem the significant financial losses being incurred. 

“Managed services involve proactive support to organisations to understand their changing requirements and help drive value from their investments, helping to fill the gaps that persist in-house.”