HFS Research CEO Phil Fersht said there is a desire among IT companies to not keep hiring new staff at inflated salary points in a recessionary economy.
“The leaders want to get more from the resources they have and not keep adding new staff, where the quality is not always good, and the wages are too inflated. The cost of replacing staff is as much as 40% higher, hence the new mantra is ‘invest in your best’,” Fersht said.
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