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With today’s modern technologies and rising security threats, credit unions need specialized IT personnel to maintain their core systems and operations, and ensure their compliance and cybersecurity. Attracting and retaining these IT specialists can be challenging in the best of times, but the current tech labor shortage makes this burden heavier. A Q4 2021 Gartner survey found only 29% of IT workers have high intent to stay with their current employer, 10% higher than non-IT employees.

There are three ways credit union CEOs and technology leaders can use relationships to thrive through the tech labor shortage. First, don’t burn out your existing tech staff. Second, look to trusted partners to drive down prices and maximize services. Third, take advantage of stronger economic conditions to improve efficiency.

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