Technology Adoption and Upskilling to Manage Employee Attrition in It Companies: A Correspondence Analysis

The process through which individuals or companies embrace and employ new technologies is known as technology adoption. The IT industry was one of the first to employ digitalization. The main purpose of this research is to ascertain the preferences of IT employees for various digital skill sets. The relationship between soft skills & competencies and the advantages they offer to stay longer is a further objective of this study. The researchers employed a well-designed questionnaire to gather data for this study from 201 IT professionals of Nagpur city. A correspondence analysis was performed to determine the relationships between the aforementioned variables. The Statistical Package for Social Science (SPSS - 21) was used to analyse the data. According to the findings, IT professionals would rather acquire skills in artificial intelligence, machine learning, cyber security, cloud computing, and data science in order to advance their professional prospects and to seek pay increases. The relationship between different soft competencies such as communication, collaboration, problem-solving, creativity, critical thinking and their associated advantages such as advancement, career development, and confidence-building is demonstrated by the joint correspondence plot. Researchers concluded that IT companies which embrace and make investments in technology adoption increase their operational effectiveness, acquire a competitive edge, and effectively handle employee attrition.