Turnover of CEOs in the Australian employment market has hit a new three-year high, transforming the traditional c-suite with great demand for tech-savvy leaders that are capable of steering businesses around risk, through the challenges and towards new opportunities.

Australian businesses are being held back by the country’s tech skills shortage, with many businesses now looking to skilled migration and contract workers to lift pressure on their workforce needs, according to one recruitment firm.

Skilled migrants have been an “overwhelming net positive” for the Australian economy and particularly sought after for filling skilled IT positions like developer programmers and ICT business analysts, according to a new report.