{"id":271,"date":"2024-06-28T02:34:35","date_gmt":"2024-06-27T23:34:35","guid":{"rendered":"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/pentasia-chief-executive-labor-deficiency-now-a-development-halting-constraint\/"},"modified":"2024-06-28T02:34:35","modified_gmt":"2024-06-27T23:34:35","slug":"pentasia-chief-executive-labor-deficiency-now-a-development-halting-constraint","status":"publish","type":"post","link":"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/pentasia-chief-executive-labor-deficiency-now-a-development-halting-constraint\/","title":{"rendered":"Pentasia Chief Executive: Labor Deficiency Now a Development-Halting Constraint"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/GpkG6TjHIt8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>##  Pentasia Chief Executive: Labor Deficiency Now a &#8220;Development-Halting Constraint&#8221; &#8211; Hiring &#8211; iGB<\/p>\n<p>A key discovery in this year&#8217;s iGB-Pentasia Compensation Survey is that the gaming sector is facing difficulties in locating the skilled workforce to satisfy its expansion needs, writes Alastair Cleland, Chief Executive of Pentasia.<\/p>\n<p>**Home > Personnel > Hiring > Pentasia Chief Executive: Labor Deficiency Now a &#8220;Development-Halting Constraint&#8221;**<\/p>\n<p>Pentasia Chief Executive: Labor Deficiency Now a &#8220;Development-Halting Constraint&#8221;<\/p>\n<p>The requirement for gaming expertise has surged in the past 12 months, surpassing even the prosperous times of our industry&#8217;s early growth. Businesses across the sector are struggling to find skilled personnel to match the scale and pace of their investments.<\/p>\n<p>This situation has significant consequences. Core operational teams are understaffed. Expansion plans are not being implemented. Returns on investment are declining.<\/p>\n<p>Globally, the labor deficiency has become a significant obstacle to the growth of the gaming industry.<\/p>\n<p>It is therefore not surprising that this year&#8217;s average salary increase of 12% is notable. However, in many areas, increases of over 25% have become common. Businesses with hiring backlogs have to pay whatever it takes.<\/p>\n<p>**Abilities in Demand**<\/p>\n<p>Technical abilities are by far the most difficult to recruit and retain. This is a challenge that requires a completely new approach, including dedicated hiring teams, fast recruitment processes, and a completely open attitude to location and work structure. <\/p>\n<p>Throughout 2022, the typical compensation for technology experts rose by 12%. Despite many receiving substantial pay hikes, the scarcity of skilled professionals remains a serious problem. Nevertheless, salary levels are now almost entirely determined by expertise, irrespective of geographical location.<\/p>\n<p>Professionals in the fields of compliance and law also witnessed generous compensation, with their salaries increasing by 26%. However, their workload is exceptionally heavy. Regulatory updates and enhancements will continue to fuel the demand for expertise in 2022 and beyond.<\/p>\n<p>The sales sector also experienced significant salary increases, with salaries recovering rapidly after the pandemic-induced downturn. Business-critical skills in data analysis were also highly sought after. Human-centric HR leaders were also highly valued.<\/p>\n<p>Persistent industry investment fueled the expansion of the hiring market. It is anticipated that 65% of companies will experience &#8220;labor growth&#8221; in 2022, an increase of 8% from the previous year. However, the reality of today&#8217;s hiring market is increasingly desperate.<\/p>\n<p>Hiring delays are expensive. Investors seeking financial returns cannot afford to wait for talent. Consequently, further salary increases appear inevitable.<\/p>\n<p>Employers are also being compelled to accommodate the numerous other demands of candidates. Most notably, the industry is now &#8220;transcending location.&#8221; Hybrid work models have become the new standard, with remote work becoming widespread in certain sectors.<\/p>\n<p>Flexible work policies have also evolved, but candidates are still demanding greater transparency and commitment from employers early in the hiring process. <\/p>\n<p>Businesses are providing adaptable work schedules, and as a consequence, they are experiencing greater employee retention. These businesses are also finding it simpler to attract new talent, particularly those with family responsibilities.<\/p>\n<p>Positively, enduring solutions to the talent scarcity are also appearing. In 2021, the most sought-after hiring positions were &#8220;people-focused&#8221; leaders; companies recognize the importance of fostering an environment where individuals desire to work.<\/p>\n<p>Organizations are also increasingly dedicated to developing future talent, supporting graduate entry programs and professional development.<\/p>\n<p>In today&#8217;s fiercely competitive talent market, only these long-term strategies will ultimately prevail.<\/p>\n<p>For comprehensive information on how compensation varies across geographical areas, industries, and job functions, you can access the complete iGB-Pentasia Salary Survey report here, or utilize the viewer below.<\/p>\n<p>Sign up for the iGaming newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>## Pentasia Chief Executive: Labor Deficiency Now a &#8220;Development-Halting Constraint&#8221; &#8211; Hiring &#8211; iGB A&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gaming Talent Crunch: Development Stalled? - iGB<\/title>\n<meta name=\"description\" content=\"Pentasia CEO warns of a critical labor shortage in gaming, hindering industry growth. 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