Originally published in Australian Financial Review

Australian tech companies are turning down new business because soaring pay rates being charged by workers with in-demand skills are making projects unprofitable, instead turning to training and other non-financial strategies to try to lure and retain staff.

Companies said different equity incentive strategies, new in-house training programs, and permanently flexible working conditions were among options being tried in a bid to survive the COVID-19-era skills shortage…

Keep reading: Techies demand top dollar as skills shortages bite