Companies should want to invest in the latest technology and stay updated because of the competitive edge that it creates. However, there is another major factor to utilizing and understanding the latest technology: hiring and retaining millennial employees.
CompTIA released the results of a study that shows 67 percent of younger employees are putting more stock into the technology knowledge and usage of potential employers.
This is important for companies to know for one main reason. According to Todd Thibodeaux, the president and CEO of CompTIA, in the next five to 10 years, Generation Y will become the majority in the workforce. This is backed up by the U.S. Bureau of Labor Statistics which found that by 2020, nearly half of all U.S. workers will be Millennials. Businesses that do not cater to them could find themselves in trouble.
"Generation Y has been raised in technology, and they consider their aptitude for tech as a value that they bring to the table when seeking a job," Thibodeaux said. "An employer's tech-savvy-ness is very high on their checklist on whether to take a job or not."
This means any organization that has been slow to adopt the latest technology needs to start looking into doing so. Whether it is cloud computing, mobile devices, VoIP phone systems or any other current innovation, businesses need to start investing. An IT consulting firm can help any company make this change and be ready for the future.
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