What is Peoplebank (and Leaders IT) doing differently to tackle the technology skill-shortage?

Hayley Milne • February 21, 2022

Whether you work in technology or recruit within this sector, you will be aware of the huge skill shortage Australia has been facing for the last 18 months. Border closures have been a major factor in causing this shortage but there are other contributing factors which have happened over many years.


What has caused the skill-shortage?

The implications of a skills-shortage


There are many implications of this skill shortage we have seen recently. One being the competitiveness for talent in the market. When a skill is in high demand and there is not enough supply if it, that, in turn, increases salaries. According to the Australian Financial Review “The cost of hiring skilled software developers, security specialists and data experts has gone up by about 30 percent in Australia in just 12 months.”


Another problem employers face is Programs being delayed due to them not having the resources to deliver. This comes with huge costs attached.


Finally, the pressure of staff shortages put on existing employees can lead to burnout and resignations. This is reflected in the huge amount of employee churn organisations are currently facing.


What are Peoplebank and Leaders IT doing differently to tackle the technology skill-shortage?


The Tech Council of Australia has a goal of employing 1 million people in tech-related jobs by 2025 and 1.2 million by 2030. Currently, there is approximately 860,000 people employed in the technology sector in Australia. They believe that re-skilling the existing workforce is important in meeting this goal. They also say that “training young people to enter the sector is also critical. An additional 12,000 students will also need to enter the tech sector workforce to meet the 2025 target of employing one million people in tech jobs.”


Leaders IT is the Consulting arm of Peoplebank. Leaders IT has developed a service called Capacity Uplift Solution, designed to tackle the talent shortage in the market. We have created this solution to provide resources at a lower cost whilst providing them with the tools and support in order to grow and develop, becoming long-term, productive, supported & increasingly valuable resources to organisations. 

Consultants are appointed as project-based employees, for at least 12 months and development is aligned to the client’s project need. Over those 12 months, the Consultant is provided with hard/soft skills and ongoing support from Leaders IT. This is run by a Program Manager to support the Consultants and client on the journey.


Consultants can come from a diverse range of backgrounds such as career transition candidates, graduates, aboriginal, ex-military, etc. Leaders IT are advocates for diversity in IT and support more females working in IT with initiatives such as 100 Women in Tech events. These events were hugely successful in bringing job seekers and employers together to network and discuss the barriers holding women back, how women can reach their goals in the tech industry, and potential job opportunities. 


Another way Peoplebank Group is tackling the diversity issue in technology is with The Peoplebank Australia Scholarship. This scholarship is offered to females who need financial support to pursue an IT course at university. We are proud to say we have supported many women over the years to enter the IT industry who otherwise may not have had the opportunity to do so.


To conclude...


The talent shortage is not going away. With borders opening, there will be some relief, but visas can take months to be approved. Organisations need to start investing in onshore talent and upskilling and reskilling the existing workforce. This is true workforce planning for the future and will set you apart from businesses who have not made this investment.

By Mimi Petrakis May 20, 2026
In 2026, the conversation around IT recruitment in Australia is shifting. While hiring demand remains strong across areas like cybersecurity, cloud, and digital infrastructure, the real challenge facing organisations is no longer just attracting talent — it’s building a sustainable workforce that can grow and adapt over time. For years, businesses have focused on filling immediate skill gaps. But with ongoing shortages in critical tech roles, organisations are now recognising that retention is just as important as recruitment. High turnover not only impacts delivery timelines but also drives up costs and erodes institutional knowledge. Employers who prioritise employee experience, career development, and flexible work are seeing stronger retention outcomes and gaining a competitive edge in a tight market. Workforce sustainability is quickly becoming a key business priority. This means moving beyond reactive hiring and thinking more strategically about how teams are structured, supported, and developed. Leading organisations are: Adopting hybrid workforce models (contract + permanent) Investing in upskilling and internal capability development Shifting toward skills-based hiring rather than rigid role definit ions Building pipelines of talent rather than hiring only when gaps appear This approach not only reduces hiring pressure but also creates more resilient, future-ready teams. Relying solely on reactive recruitment is becoming increasingly risky. With demand for specialist skills remaining high, waiting until a role becomes critical can lead to long hiring timelines and missed business opportunities. Instead, organisations are taking a more proactive approach, planning workforce needs and partnering with recruitment specialists who understand the market. In today’s environment, successful businesses are those that treat talent as a long-term investment, not a short-term fix. This means aligning hiring strategies with broader business goals and ensuring the right balance between immediate delivery and future capability. At Peoplebank , we work with organisations to go beyond traditional recruitment, helping build sustainable workforce strategies that combine access to high-quality talent with long-term planning. Ready to strengthen your team? Use our one-step Submit a Role form today and let our specialists connect you with the right talent to support your business now and into the future.
By Mimi Petrakis May 5, 2026
In today’s competitive hiring landscape, attracting talent is only half the challenge ; retaining top tech talent is where organisations gain a true advantage. With demand continuing to outpace supply across areas like AI, cybersecurity, and cloud, businesses must focus on creating environments where employees choose to stay and grow. 1. Offer More Than Just Salary While competitive pay remains important, it’s no longer the primary driver of retention. Tech professionals are increasingly prioritising flexible work arrangements , meaningful projects, and career progression. Organisations that offer hybrid work, clear development pathways, and exposure to innovative technologies are more likely to retain high performers. 2. Invest in Career Development Lack of growth is one of the leading reasons employees leave. Providing access to training, certifications, and internal mobility opportunities helps keep employees engaged and future-focused. Upskilling not only benefits the individual but also strengthens overall organisational capability. 3. Build a Strong Workplace Culture Retention is closely linked to culture and leadership. Teams that feel supported, recognised, and aligned to a clear purpose are more engaged and less likely to leave. Managers play a critical role in fostering open communication, feedback, and trust. 4. Prioritise Employee Experience From onboarding through to ongoing engagement, the employee experience should be intentional. Regular check-ins, recognition programs, and clear performance expectations all contribute to higher retention. This year, successful organisations are those that take a proactive, people-first approach to retention, balancing commercial outcomes with employee needs. At Peoplebank, we work with organisations to not only attract top tech talent, but to build strategies that help retain them long-term. Get in touch to find out more !
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