How to Retain IT talent

TABLE OF CONTENTS

Because of the increase in demand for IT professionals, your most talented employees have realized that they are at the top of their game when it comes to landing a position. Given the duration, resources, and money that goes into recruiting, it makes sense to prioritize retaining your best employees.

A company's commitment to employee retention is demonstrated via the implementation of policies and programs that reduce employee turnover

Companies that succeed in increasing employee retention rates have a competitive advantage in terms of reaching their overall goals. Increased employee retention can also be a major force behind hiring new employees. 

Having a well-established and well-executed employee retention strategy is crucial to a company's capacity to function at an optimum level without the disruptions that employee turnover brings, especially in a competitive IT market that is facing a major talent crunch.

Compensation plays an important role in attracting talent, but employees are not just after a high-paying job anymore; they want other things too, but what one desires from their employer is highly subjective. Without a doubt, a high salary is a compelling factor, but it is not the only factor that can motivate employees to stay for a considerable time. Factors like work culture, career progression, flexibility, and learning, among other things, play a crucial role in retaining IT talent.

The cost of employee turnover can be much greater than you can anticipate. It is not just the cost to get a new employee on board to work but also how much it costs to get that employee to work at the same level as an employee who has left, and that can take many months. What if this new employee who has become efficient decides to leave after gaining some experience, and you are back at square one. 

Hence, it is important to think of ways to retain top talent. Sharing below the strategies that can make an impact.

Strategies to Retain IT Talent

Identify Your Top Employees: High Performers and High Potential Employees (HIPO)

Identify Your Top Employees High Performers and High Potential Employees (HIPO)

Identifying and maintaining high performers and high potential employees is vital for maintaining efficiency. It is critical to know which employees you can entrust with various tasks and projects in order to accomplish your company's goals. 

When you discover and develop high performers and high potential employees, you will see several benefits to business processes and activities.

High performers and high potential employees are two different terms and shouldn’t be used interchangeably. The key difference between the two is while high performers have mastery in their domain and seek more challenges within their area of expertise, high potential employees show traits of a promising candidate that can take a leadership role. 

On the one hand, high potential employees see themselves moving up the ladder to an authoritative position; such promotions are not much of a reward to high performers, as they may consider it as a means to stress, possibly because they like working solo or they lack leadership qualities. Hence it is not always a good idea to promote your high performers if they themselves do not like the idea of being promoted.

Both kinds are essential, but since their needs vary, so does their expectation in terms of rewards and benefits.

Companies spend a lot of money on such candidates yet may do little to retain them.

When these employees figure out that their jobs aren't rewarding them, they start looking for new jobs. They will never fail to impress a hiring manager who is looking for people with good experience and potential.

Having a clear demarcation of who your high performer employees and who your high potential employees are are important. Only with this knowledge will you be better able to accommodate their needs properly in order to retain them.

Acknowledge and Appreciate their Contribution

Motivation, efficiency, and retention are directly proportional to the recognition an employee gets for their hard work and efforts.

Taking the time to express gratitude to talented employees can be a simple and effective method to keep their spirits high. Your top talent may begin to feel demotivated if they are being treated the same as everyone else. Why should they strive to achieve higher levels of performance if no one is going to notice?

Employees are more likely to stay for a longer period if they feel acknowledged and appreciated for their contribution. 

IT heads must develop a culture where employees feel appreciated, respected, and prepared for success if they are to gain the trust, collaboration, and dedication they require from their team.

The listing below the ways with which you can appreciate your top talent:

  • Send a handwritten note for their contribution

  • Take them out for lunch or dinner

  • Send them a reward or gift coupon

If your top talent feels unappreciated or underappreciated for their hard work, they will look for opportunities elsewhere. Whatever you do to express your gratitude, do it sincerely, as that notion will speak for itself.

Re-define Perks and Benefits

Re-define Perks and Benefits

Great perks can help you attract and retain high-caliber employees. 

Make your employees want to stay with you by offering them the perks and benefits they desire most. This will help them feel valued and appreciated. Employees that are happy at work tend to be more productive and creative and are less inclined to look for opportunities elsewhere.

Often used interchangeably, perks and benefits are not the same things. 

Benefits are often a type of non-wage compensation that supports the salary and cover necessities such as healthcare, life insurance, retirement savings, commuting costs, paid time off, and retirement savings plans.

Perks, on the other hand, are additional rewards or incentives offered in addition to salary and non-wage compensation. Perks are used by companies to persuade and motivate their employees. These can be flexible work schedules, remote or hybrid work options, employee discounts, paid parental leave, and free meals or snacks.

Perks are now a "must-have" for every company because employees are more demanding than ever.

While benefits remain more or less the same, companies differentiate their key offerings by coming up with innovative perks. The kind of perks you give can be a major contributor to your employer branding as well. 

Google, for example, has installed sleeping pods for their employees, and Netflix has introduced unlimited vacation time.

Giving the same kinds of perks as the big players is neither feasible nor practical for enterprises, so what you can do to attract and keep your top talent lies in the offerings they value the most. It can be something as practical as flexible work timing and a hybrid working model, if not remote.

Retention strategies involving opportunities to develop professionally while allowing a healthy work-life balance are highly treasured amongst today's workforce. 

Judge estimates that although 59% of IT employees choose to work remotely, only 17% prefer to work from the office.

Roll Out Stock-Based Compensations on Top of Salaries

You can up your game with stock-based Compensation to compete with your rival companies.

Stock-Based Compensation is a way to pay employees for their skills with shares in the company. It is used to motivate employees beyond regular Compensation like salary and bonus and to make them more aligned with the interest of the company. Employees who get shares usually have to wait a while before they can earn them and sell them, and that makes it a great part of the retention strategy. 

Some common compensations include ESOPs, SARs, RSUs, etc.

Employees do not have the right to the shares until a specified amount of time has passed. If an employee leaves the company before the shares have fully vested, the shares are voided. Employees have to complete a given tenure for share vesting. 

Create a Roadmap for Career Progression

Create a Roadmap for Career Progression

IT leaders can create a career path program to boost employee retention by a significant margin. 

Prioritizing career progression can assist you in the following ways

  • Retain top performers

  • Provide your staff with a sense of purpose

  • Attract high-caliber candidates

  • Give you a competitive advantage

IT leaders should have regular career mapping meetings to address their team's short- and long-term objectives and expectations. The meeting should be conducted on a personal level to understand the aspirations of each employee.

41% of employees want to leave their current job to increase their opportunities for career progression, and 20% leave for new skills.

Assist your employees in developing career aspirations inside your organization, identifying specific positions and milestones, and defining the measures necessary to accomplish those goals.

An ideal career growth plan should include training and development programs which we have covered next.

Contribute to their Growth and Skill Development

Employees aspire to advance in their careers. 

As per Robert Half, 90% of IT managers said they were retraining or upskilling their current employees to learn new skills in demand.

With technology rapidly reshaping the economy, top performers do not want to be in professions where their skills will become obsolete. 

More and more employees are becoming concerned about their job security, and skill stagnation makes them less competitive in the job market. 

They want to work for companies where they can learn new skills, contribute to innovative projects, and build their portfolios.

Investing in developing your employees’ skills will directly impact the progression of your upcoming targets. 

Identify the upcoming IT trends and then find ways for your employees to grow in them. The more you know about what skills your company needs, the easier it will be to make learning paths for your staff. There are many ways you can do this. 

  • Develop training programs to help your employees with the skills they need or want to learn

  • Reimburse the fees for training and certifications they have to take on their own, which your organization cannot develop or provide

  • Provide the resources, like books or online course subscriptions.

  • Reward them for successfully completing a course or training

  • Provide regular feedback they can work upon

A strong learning culture increases a company's productivity by 52% and its chances of being the first to market its products and services by 56%. Engagement and retention rates are also 30–50% higher in organizations focused on providing learning and skill development.

Promote Employees over Lateral Hiring

Promoting from inside saves money and boosts morale by increasing retention. Lack of professional opportunities is considered as the main reason for leaving by 29% of the employees.

By creating an environment where people can see themselves for the long haul, they are more committed to long-term company growth. When everyone in your team feels like they're contributing to a common objective, the business culture improves.

If the new position demands a thorough grasp of the business or product, you may want to hire internally to ensure the person is productive as quickly as possible. Rather than hiring from the outside, it is generally more effective to promote from within. 

Whenever you hire someone from inside your company, the candidate is more than willing to outperform, so they always work hard and do more for your business.

Conduct Surveys to Address Underlying Issues

52 % of employees who quit feel their manager or organization could have prevented their departure, as per Gallup.

Surveys are a fantastic way to get employees' inputs and act quickly upon them to improve the employee experience and retain talent.

Employees who are happy in their jobs are 30% less likely to change jobs. 

Surveying your employees will help you discover what motivates them and identify any potential issues before they become major issues. 

Employee engagement and performance surveys are two types of surveys you might undertake. Both surveys allow employees the opportunity to voice their opinions on how things are going at work.

Employee engagement surveys seek job satisfaction and corporate loyalty. Businesses utilize them to identify and solve engagement issues. 

Employees can respond to performance surveys and rate their own performance. Performance surveys can be used by the IT heads to evaluate job performance.

Use Zluri to Enhance Your Employee Experience

Use Zluri to Enhance Your Employee Experience

When employees are not given proper tools and permissions in the expected timeline, IT teams earn a bad reputation for delaying the tool's approval/procurement.

The delay in getting access to the desired SaaS tools can make your employee question the company's efficiency and processes. Remember, your high performers and high potential employees want to get the work done, but the delay itself can be a major factor behind their reduced efficiency. 

If this is a regular occurrence throughout your organization, then your top talents will be frustrated in no time and will think of being part of a company where the processes are streamlined. 

To address this concern, IT heads can use Zluri to automate user provisioning and deprovisioning in just a few clicks to enhance the employee experience.

Additionally, there may be cases where you have an exceptional employee whose incompetence with a certain SaaS tool is causing them frustration. Under these conditions, it is critical to identify and resolve SaaS usage difficulties before they become a significant roadblock. It could also be possible that an entire department is facing difficulty with a certain app. 

Obtaining this information in a conventional manner is a difficult and time-consuming task. Zluri can automate SaaS discovery and usage trends across your organization. You can use Zluri to discover your employees' concerns regarding various SaaS tools without even having to go to them and then use the information to either let go of the complex app or develop a training module as a part of your retention plan.

Having an automated onboarding and offboarding system in place along with programs to enhance your employee's capilitilites of using tools they are struggling with — can boost their morale, productivity, and even retention to a great extent.

Book a Demo

FEATURED BLOGS

SaaS Management: 3 Key Challenges

A Framework to Eliminate SaaS Wastage

SaaS Vendor Management in 2022: The Definitive Guide

Symptoms of an Unoptimized SaaS Stack (+ Solutions)

SaaS Sprawl - The Ultimate Guide

FEATURED BLOGS

SaaS Management: 3 Key Challenges

With this explosion of SaaS at companies, there arise SaaS challenges caused by apps getting out of your control. These SaaS challenges varies in three dimension: spend management, security and complance risks, and various SaaS operations tasks like automating SaaS procurments, renewals, employees onboarding and offboarding.

A Framework to Eliminate SaaS Wastage

‘Muda’ is used to describe any activity that uses resources but doesn't generate value. It is the Toyota system for identifying and eliminating waste in all forms. It is the same thing that helps Toyota sell more cars than Ford, General Motors, and Honda at a higher margin.

SaaS Vendor Management in 2022: The Definitive Guide

An obese SaaS stack leads to SaaS wastage. It's a disease! It not only causes financial issues but also gives you security and compliance problems. That's why you must keep tight control on your SaaS stack. And it begins with managing your SaaS vendors. 

Symptoms of an Unoptimized SaaS Stack (+ Solutions)

In this post, we've discussed 7 symptoms of an unoptimized SaaS stack and solutions to optimize the same.

SaaS Sprawl - The Ultimate Guide

When an organization has a large number of SaaS applications in its SaaS stack, it gives rise to SaaS Sprawl.

Related Blogs

See More

  • Top 12 Resources for IT Teams- Featured Shot

    Top 12 Resources for IT Teams

    IT teams must equip themselves with the latest skills and knowledge and keep an eye on the latest technology updates and releases. 

  • 20 Best Books to Accelerate Your Digital Transformation- Featured Shot

    20 Best Books to Accelerate Your Digital Transformation

    Today, the adoption of digital transformation is imperative for every business to survive and thrive in a highly competitive marketplace. Business benefits of digital transformation include higher enterprise-wide productivity and efficiency, enhanced user experience, in-depth and accurate insights, faster and better business decisions, and improved agility and innovation, resulting in increased business revenue and sustainability. We have got the 20 best books that can help you accelerate your digital transformation journey. Let's dive right in. 20 Best Books for Digital Transformation Adoption and Acceleration 1. Digital Transformation Playbook: Rethink Your Business for the Digital Age by David L. Rogers 2. Digital Transformation: Survive and Thrive in an Era of Mass Extinction by Thomas M. Siebel 3. Agile IT Organization Design: For Digital Transformation and Continuous Delivery by Sriram Narayan 4. The Technology Fallacy: How People Are the Real Key to Digital Transformation by Gerald C. Kane, Anh Nguyen Phillips, Jonathan Copulsky, Garth Andrus, Paul Michelman (Editor) 5. Building the Agile Business Through Digital Transformation: How to Lead Digital Transformation in Your Workplace by Neil Perkin (Goodreads Author), Peter Abraham (Goodreads Author) (Co-author) 6. Digital Transformation at Scale: Why the Strategy Is Delivery by Andrew Greenway, Ben Terrett, Mike Bracken, Tom Loosemore 7. AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee 8. Clearing the Digital BLUR: How Organizations Can Transform Themselves At the Speed of Digital by Rajiv Jayaraman 9. Platform Scale: How an emerging business model helps startups build large empires with minimum investment by Sangeet Paul Choudary 10. Platform Revolution: How Networked Markets Are Transforming the Economy--and How to Make Them Work for You by Geoffrey G. Parker, Marshall W. Van Alstyne, Sangeet Paul Choudary 11. Modern Monopolies: What It Takes to Dominate the 21st Century Economy by Alex Moazed, Nicholas L. Johnson 12. Edge: Value-Driven Digital Transformation by Jim Highsmith, Linda Luu, David Robinson 13. IT Strategy: A 3-Dimensional Framework to Plan Your Digital Transformation and Deliver Value to Your Enterprise by Jim Maholic 14. 77 Building Blocks of Digital Transformation: The Digital Capability Model by Jace An 15. Mastering Digital Business: How powerful combinations of disruptive technologies are enabling the next wave of digital transformation by Nicholas D. Evans 16. The Digital Matrix: New Rules for Business Transformation Through Technology by Venkat Venkatraman 17. Agile Transformation: Structures, Processes, and Mindsets for the Digital Age by Neil Perkin 18. The Transformation Files: 17 Insights to Inspire Managers and Leaders in the Transformation of a Digital Economy Business by Rob Llewellyn 19. The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives by Peter H. Diamandis, Steven Kotler 20. The Industries of the Future by Alec J. Ross Conclusion 1.     Digital Transformation Playbook: Rethink Your Business for the Digital Age by David L. Rogers Rogers explores digital transformation phenomena and what distinguishes organizations that successfully adapt and thrive in the digital world. With a decade of experience in global business consulting and teaching at Columbia Business School, Rogers explains how established companies can refresh their game plans to capture new opportunities in the digital world. Pick this book for: The book focuses on practical tools and strategies for all businesses, big and small, across all industries, useful in decision making and strategy formulation. It contains case studies for a detailed illustration of concepts. The Digital Transformation Playbook is an indispensable guide for executives that explains how legacy businesses can transform to thrive in the digital era. Goodreads Rating: 4.15/5 (522 ratings) 2.     Digital Transformation: Survive and Thrive in an Era of Mass Extinction by Thomas M. Siebel In his book, Tom Siebel provides much-needed clarity on digital transformation. The book talks about the convergence of four significant technology forces – big data, cloud computing, Artificial Intelligence, Internet of Things, and how they have revolutionized businesses in private and public sectors. In his book, Tom illustrates the real-life digital transformation case studies at Caterpillar, 3M, U.S. Air Force, and Royal Dutch Shell and explains how top executives in an enterprise can successfully drive digital transformation. Pick this book for: Besides helping his readers understand digital transformation, Tom offers actionable advice and concrete guidance for a successful digital transformation adoption. Goodreads Rating: 4.04/5 (300 ratings) 3.     Agile IT Organization Design: For Digital Transformation and Continuous Delivery by Sriram Narayan In the book, Sriram Narayan explores organizational design by IT leadership for IT organizations. He leverages his industry experience, existing literature on organizational design, and well-regarded work on a team and individual psychology to synthesize an Agile IT organizational design that could benefit the enterprise IT. The book is a framework and standards agnostic and discusses problems, explores reasons, and provides solutions. The book is for top-level executives and IT governance group members for medium to large IT organizations that face business and IT agility challenges.  Pick this book for: Sriram has used real-life examples to help you evaluate and enhance enterprise designs to improve mastery, autonomy, and purpose. Goodreads Rating: 4.07/5 (153 ratings) 4.     The Technology Fallacy: How People Are the Real Key to Digital Transformation by Gerald C. Kane, Anh Nguyen Phillips, Jonathan Copulsky, Garth Andrus, Paul Michelman (Editor) The book explains why an organization should focus more on processes and people than on technology to respond to digital disruption. The authors leverage their four years of research in partnership with MIT Sloan Management Review and Deloitte, interviews with managers in organizations, including Google, Walmart, Salesforce, and surveying 16,000+ people. They argue that businesses can successfully respond to digital disruption by changing the organizational culture to be more risk-tolerant, agile, and experimental. Pick this book for: The book guides business leaders and managers to survive digital disruptions by making organizational changes to harness technology’s power. Goodreads Rating: 4.17/5 (137 ratings) 5.     Building the Agile Business Through Digital Transformation: How to Lead Digital Transformation in Your Workplace by Neil Perkin (Goodreads Author), Peter Abraham (Goodreads Author) (Co-author) The book guides the change managers and enterprise development professionals to understand, implement, and learn the workplace digital transformation. By setting aside the outdated strategies and traditional thinking, the book focuses on creating enterprise velocity, removing unnecessary processes, establishing iterative working, mapping strategy to motivation, embed innovation, and developing talent to succeed. Pick this book for: The book efficiently delivers information to audiences of varied experiences and levels. It offers real-world case studies coupled with practical advice with more technical and academic knowledge and serves as an essential guide to building an agile organization. Goodreads Rating: 4.32/5 (56 ratings) 6.     Digital Transformation at Scale: Why the Strategy Is Delivery by Andrew Greenway, Ben Terrett, Mike Bracken, Tom Loosemore ‘Digital Transformation at Scale’ guides the readers on how to build a digital institution. It explains how reformers in governments and businesses have globally enabled their enterprises' pivot to this noble way of working, with the lessons learned from their experience. Pick this book for: The authors leverage their experience in designing and delivering the UK government's successful ‘Government Digital Service' (GDS), the new institution responsible for the digital transformation of government, creating public services for the internet era. Besides snipping GBP4 billion off the government's technology bill, GDS opened up public sector contracts to thousands of new suppliers and became tremendously popular among citizens with its superior-quality online services without a big marketing campaign. Private sector companies and other countries notified the GDS model’s success, and it's now being copied across the world. Goodreads Rating: 4.27/5 (81 ratings) 7.     AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee In ‘AI Superpowers,’ Dr. Kai-Fu Lee reveals that China has rapidly caught up with the US at an astonishing speed. According to Lee, Chinese and American AI will significantly impact white-collar jobs besides having a devastating effect on the blue-collared jobs as predicted by most experts. Lee claims that these unprecedented AI developments lead to dramatic changes much sooner than expected.  Pick this book for: He further explains the jobs that will be affected and those that can be enhanced with AI and discusses how we can offer solutions to some of the most significant changes in human history. Goodreads Rating: 4.16/5 (8,422 ratings) 8.     Clearing the Digital BLUR: How Organizations Can Transform Themselves At the Speed of Digital by Rajiv Jayaraman The new breed of competitors like Google, Facebook, Amazon, and Alibaba are disrupting the industries using innovative strategies beyond the understanding of most seasoned enterprises. The book helps you understand how these digital-born enterprises perceive the world around them. Besides helping you transform your organization to compete in today's digital rat-race, the book explains how to thrive in the digital age. Pick this book for: Tackling the digital challenge calls for a fresh perspective compared to the industrial age management playbooks. ‘Clearing the digital BLUR’ serves as a guidebook for managers and leaders to accelerate digital adoption, backed by a modern strategy, leadership, execution, and culture. It offers a holistic approach to digital transformation through practical insights in actionable frameworks, case studies, worksheets, and leaders’ interviews. Goodreads Rating: 4.33/5 (12 ratings) 9.     Platform Scale: How an emerging business model helps startups build large empires with minimum investment by Sangeet Paul Choudary Contrary to selling a product or service, today’s massive scaling startups build a platform for others to create and exchange value. Some of the examples are social media, the Internet of Things, cryptocurrency, and more. Yet, most platform ideas fail due to a lack of proper understanding of the business design and growth strategies. Pick this book for: Platform Scale not only writes down a structured approach to designing and scaling a platform business model, but it also addresses the key aspects that can succeed or fail businesses through six core concepts. Goodreads Rating: 4.23/5 (415 ratings) 10.  Platform Revolution: How Networked Markets Are Transforming the Economy--and How to Make Them Work for You by Geoffrey G. Parker, Marshall W. Van Alstyne, Sangeet Paul Choudary Fact-based, authoritative, ‘Platform Revolution’ is the first of its kind of “owner’s manual” for successfully creating a platform business model. It explains various ways for newbies to identify prime markets and monetize the network. It reveals strategies behind the upcoming business platforms to current business leaders and explains how traditional organizations can adapt to the change. Pick this book for: Besides discussing regulation, security, and consumer trust and examining markets that may be mature for a platform revolution, the book explains the bright prospect of platforms. It shows how they will change the careers and lives of millions forever. Goodreads Rating: 4.13/5 (2,845 ratings) 11.  Modern Monopolies: What It Takes to Dominate the 21st Century Economy by Alex Moazed, Nicholas L. Johnson Platforms like Google, Amazon, Snapchat are game-changers. Rather than making things, these platforms create value by connecting people and dominating everyone’s daily lives worldwide. Mobile computing has transformed how we interact and blend the physical and digital worlds. While these enterprises are expanding their influence from the digital world to the entire economy, just a few individuals genuinely grasp this radical structural shift. Pick this book for: In ‘Modern Monopoly,’ the authors explain what has changed, how it affects today’s organizations, and how business owners, entrepreneurs, and managers can adapt and succeed in the new era. Goodreads Rating: 4.08/5 (585 ratings) 12.  Edge: Value-Driven Digital Transformation by Jim Highsmith, Linda Luu, David Robinson In ‘Edge,’ the authors talk about the fast, adaptive, value-driven, iterative, lightweight, and powerful new operating model that helps achieve continuous innovation by closing the gap between digital strategy and execution. ‘Edge’ addresses three critical aspects, i.e., working together among the criticality of vital and rapid responses, allocation and tracking business investment funds for their goal and vision-based initiatives, and ways of rapid adaptation to thrive Agile. Pick this book for: The book delivers practical insights leveraging its authors’ unparalleled experience and pioneering clients. Goodreads Rating: 4.38/5 (42 ratings) 13.  IT Strategy: A 3-Dimensional Framework to Plan Your Digital Transformation and Deliver Value to Your Enterprise by Jim Maholic With over a dozen IT executives and CIOs’ interviews, the book lays out the process from a blank whiteboard to an all-inclusive IT Strategy. ‘IT Strategy’ illustrates a range of technical and non-technical topics to facilitate readers to devise a road map to their desired future state and repeatedly emphasize the alignment of IT Strategic Planning with central business key performance measures and strategic business planning. Pick this book for: With 25+ years of IT Strategist stint, Jim Maholic has consulted with many reputed and largest enterprises in North and South America. He leverages his expertise to deliver a notably thorough and consistently precise guide in ‘IT Strategy.’ Goodreads Rating: 4.86/5 (7 ratings) 14.  77 Building Blocks of Digital Transformation by Jace An ’77 Building Blocks of Digital Transformation’ is a practical field book that explains the proven digital capabilities as the fundamental digital transformation blocks. It discusses the approach to assessing and enhancing digital capabilities for achieving successful digital transformation and is ideal for digital practitioners such as IT professionals, sales reps, marketers, digital planners, and digital consultants. The book consists of 12 mega capabilities (set of capabilities) and 77 capabilities. Pick this book for: The book serves as a ready-made yet highly customizable solution for those organizations that find it challenging to establish a robust and agile framework for their digital operations. Goodreads Rating: 4.83/5 (6 ratings) 15.  Mastering Digital Business: How powerful combinations of disruptive technologies are enabling the next wave of digital transformation by Nicholas D. Evans ‘Mastering Digital Business’ serves as a strategic guide for IT and business executives. Today, mobile, cloud, intelligent automation, IoT, social, analytics, wearables, and robotics are some of the most disruptive technologies. Pick this book for: The author talks about how we can leverage these technology combinations and mastery in digital services, platform business models, and leading practices in corporate innovation to create and execute our digital strategies for competitive advantage. Goodreads Rating: 4.21/5 (14 ratings) 16.  The Digital Matrix: New Rules for Business Transformation Through Technology by Venkat Venkatraman The book helps its readers understand the types of players forming the new business landscape, the transformations that every business will experience, and the winning moves to ensure your organization’s success.  Pick this book for: It helps you learn to navigate the digital ecosystem world, discover how you can compete and collaborate with other organizations for creating and capturing value, realize how robust machines can maximize your organization’s human talent, and learn to assemble the team to experiment with new ideas, reassess your core beliefs, and reinvent your business strategy for the digital future. It explains how to rethink your business model, assemble the right team, and make bold strategic choices to harness digital technology. Goodreads Rating: 4.21/5 (14 ratings) 17.  Agile Transformation: Structures, Processes, and Mindsets for the Digital Age by Neil Perkin ‘Agile Transformation’ offers practical advice and covers everything, including the need for new operating models, ways to apply agile principles at scale, how to leverage digital-native processes, and why change managers should think big but start small.  Pick this book for: It discusses tackling the staff mindset that can hinder agile adoption, create and engage high-performing teams for change, and why a plan of starting an agile business need not fail. Featuring case studies from organizations including Amazon, Netflix, and Vodafone, this book is vital for businesses to compete in the new world of work effectively. Goodreads Rating: 4.5/5 (12 ratings) 18.  The Transformation Files: 17 Insights to Inspire Managers and Leaders in the Transformation of a Digital Economy Business by Rob Llewellyn ‘The Transformation Files’ is a collection of critical success factors that every leader should focus on during digital transformation adoption. Rob leverages his two decades of experience in 30+ countries to help some globally renowned firms generate commercial value from people. Pick this book for: This knowledgeable and easy to read book is backed by relevant work experience and offers practicality to start applying the guidelines and insights immediately. Goodreads Rating: 4.33/5 (6 ratings) 19.  The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives by Peter H. Diamandis, Steven Kotler ‘The Future is Faster than You think’ investigates the impact of rapid technology acceleration on both our society and daily life. The book offers a prescient look at our impending future. Pick this book for: The book explores the convergence of digital technologies and their revolutionizing impact on today's legacy industries and their impact on our daily activities such as governing our nation, raising kids, or caring for our planet. Goodreads Rating: 4.33/5 (6 ratings) 20.  The Industries of the Future by Alec J. Ross In the book, Ross distills his observations on the forces that are changing the world. Backed by nearly a million miles of travel to forty-one countries as Hillary Clinton's Senior Advisor for Innovation, Ross emphasizes the best opportunities for progress and discusses how countries thrive or sputter. Pick this book for: The book explains the ways we will need to adapt. Ross offers a vivid and informed perspective on how sweeping global trends affect how we live in today and the future. Ross examines the particular fields that will form our economic future over the next decade, including the impact of digital technology, robotics, the commercialization of genomics, artificial intelligence, and cybercrime. Goodreads Rating: 4.04/5 (6,868 ratings) Conclusion The above books discuss how digital transformation has affected practically every industry and every aspect of a business. They provide multifaceted solutions that offer insights on innovation and agility, helping companies achieve increased revenue and much-needed sustainability in today’s competitive marketplace. Do you have more book recommendations to add? Feel free to drop in a message and we will review it.

  • SaaS Stack for SMBs and Enterprises- Featured Shot

    SaaS Stack for SMBs and Enterprises

    Choosing the right SaaS tool can be challenging as there are many tools out there in the market for every need, and based on your requirements and preferences, you have to see which is best for you.