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    SGE   GB00B8C3BL03

SAGE GROUP PLC

(SGE)
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Delayed London Stock Exchange  -  11:35 2022-08-09 am EDT
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Channeling the future: New Sage study puts upskilled workforce as the number one investment priority for channel

06/08/2022 | 01:00pm EDT
  • 46% say cloud computing expertise is now a desired skill set in new hires. 40% say coding experience is wanted.
  • Just under two fifths (39%) of partners surveyed say they invested in the technical upskilling of their workforce in the past 18 months
  • By 2024, 40% of resellers believe customers will increase revenue from data analytics, AI software enablement

DALLAS, June 08, 2022 (GLOBE NEWSWIRE) -- A study by Sage (FTSE: SGE), the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs), shows the channel ecosystem is increasingly prioritizing technical expertise in both hiring and investment.

The new study shows that challenges in finding and keeping talent are hitting the channel sector, with US resellers mostly feeling the pinch. Half of all US respondents currently in the process of recruiting noted difficulty finding both skilled management level staff, while 49% also cited difficulty attracting skilled entry level talent. Competition was only slightly tapered within the UK, with 46% and 40% also struggling to source these levels.

Over half of all US resellers cited cloud computing (53%) and data engineering (52%) as required skillsets, while just under half listed cyber security skills (48%), coding (45%) and AI/ML development (44%) as desired skills.

By contrast in the UK, just under two fifths of resellers placed cloud computing (39%) and cyber security skills (39%) as desired traits for new talent, while 35% are looking for coding skills. Interestingly, the current external business climate may have forced UK reselling companies to focus more on the running of their business, with 36% actively recruiting for essential business roles.

“Customers are looking to their channel partners to help make digitalization a reality as they embrace new revenue streams and invest with an eye on the future. They are being asked to provide expertise in the most complex technological areas – from protection against the latest cyber threats to the enablement of AI and ML,” said Aziz Benmalek, President, Sage North America, and EVP Global Partner Organization. “This requires the channel workforce to shift – at Sage we are prioritizing providing our channel partners with the tools and technology tools needed to thrive.”

Upskilling the workforce

Over the past 18 months alone, 39% of the 1,000 channel resellers surveyed have invested resources to technically upskill their workforce, while 36% adopted greater eCommerce functionality during the same period.

This investment in technology is unlikely to slow. Resellers surveyed predicted that by 2024, services requiring more specific technical expertise such as cybersecurity service provision (40%), SaaS application management (38%) and public cloud consumption (33%) will be among those most demanded by clients. Almost one-third (30%) also believe that customers will be looking to specifically increase the efficiency, intelligence and automation of their business processes or operations (BPO).

When predicting areas of investment for their customers over the coming months, almost half (49%) believe customers will look to grow their data center management revenue, while 40% have a sharp focus on generating revenues from data analytics and AI software enablement.

This research was shared with partners at the annual Sage Partner Summit event designed exclusively for Sage’s worldwide partner community, taking place in Dallas, Texas, from June 7-10, 2022.

NOTES TO EDITORS 

Methodology
‘The Channel Landscape – Partnering for Success’ report by Sage included 1,000 responses from decision-makers in the tech industry whose company resells tech and IT supplies/ services, 500 within the UK, 500 within the US. Survey respondents were provided by Onepoll. Field dates: 20 April - 3 May 2022

About Sage
Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise, and insight. Learn more at www.sage.com/en-us/ and www.sageintacct.com.

About Sage Partner Summit 
Sage Partner Summit is the signature annual partner event from Sage. This global event is a pivotal moment in the event calendar for Sage and its partners to connect, driving mutual success with our ecosystem. Sage Partner Summit 2022 is a 4-day, in-person event taking place in Dallas, Texas, from 7-10 June. Sage partners are attending to gain insight into Sage's channel strategy and opportunities to build, connect and deliver, together with Sage.

Media contact:
Peter Olson
peter.olson@sage.com
408-878-0951


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Source: Sage

2022 GlobeNewswire, Inc., source Press Releases

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Sales 2022 1 934 M 2 337 M 2 337 M
Net income 2022 270 M 327 M 327 M
Net Debt 2022 476 M 576 M 576 M
P/E ratio 2022 29,1x
Yield 2022 2,50%
Capitalization 7 501 M 9 067 M 9 067 M
EV / Sales 2022 4,13x
EV / Sales 2023 3,77x
Nbr of Employees 11 760
Free-Float 92,1%
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Steve Hare Chief Executive Officer & Director
Jonathan Anton George Howell Chief Financial Officer & Executive Director
Andrew James Duff Chairman
Aaron Harris Chief Technology Officer
Lee Perkins Chief Operating Officer
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