<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=443149619225659&ev=PageView&noscript=1"> Why Your Business Needs to Keep up With Technology

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Why Your Business Needs to Keep up With Technology

Why Your Business Needs to Keep up With Technology

Richard Starets, CEO of Small Footprint, discusses the role of business technology in employee recruitment and retention.


Video Transcript

The Bureau of Labor Statistics predicts that the demand for software engineers is going to grow by 17% between 2014 and 2024. Now, that statistic only tells us what we already know, which is that it's an extremely competitive marketplace for software engineering talent. That's important to keep in mind when we're thinking about keeping up with technology and investing in new technology.

Software engineers can very easily get another job and so keeping existing talent and attracting new talent is really important. Software engineers are no different than anybody else: we want to work on interesting and important work, we want to keep up with the latest trends, we want to be learning new things. Software products that rely on and run on old technology can be very difficult to maintain and update and this leads to demotivation in people not wanting to work on these systems. They could leave the company because of that.

If we lose employees that means we have to find new ones; there's recruiting costs, there's training costs involved as well. Plus, there's the time involved in all of that so when we had all those things up it does make sense - financial sense - to keep up with technology.

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About the author

Richard is CEO of Small Footprint. He worked for several start-up companies before starting Small Footprint. He spent 15 years working and living in Eastern Europe, during which time he built and managed operations across 5 countries for start-up telecoms provider eTel Group (later purchased by Telecom Austria), and also served as an early Sr. Manager for Hungarian telco Novacom, forging strategic international partnerships and new product development. In 2003 he saw the opportunity to leverage the exceptional software engineering talent of the region to provide global IT services and established Small Footprint. Small Footprint is celebrating its 15 year anniversary this year, having established an exceptional company culture envied by many.

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