Smaller IT companies in Europe will need to work harder to find, train and keep workers if they are to sustain double-digit growth rates, according to a new study.
PricewaterhouseCoopers released a survey of 351 privately owned IT and telecom companies. It showed that one in two European companies had trouble attracting enough skilled workers.
Small-to-medium companies - defined by PwC as having 10 to 250 workers - have difficulty matching lucrative salaries that experienced workers can command at larger firms, PwC partner Keith Evans told PC Week.
A market trend is growing toward capital-based remuneration schemes, he said, in which smaller companies use incentives such as stock options and profit shares to entice new staff to join.
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