Technical Skills Shortage Hampers Business Growth for Many
The current demand for highly qualified technical talent is fierce. According to research from the Manpower Group, the talent shortage across industries is now at its highest since 2007, driven in part by demand for IT roles.
Based on the same survey, hiring managers gave the following reasons for why it is so difficult to fill positions:
- Lack of available applicants/no applicants (24%)
- Lack of hard skills/technical competencies (19%)
- Lack of experience (19%)
- Looking for more pay than is offered (14%)
- Lack of soft skills/workplace competencies (11%)
IT hiring managers today have to deal with an ever-changing landscape – due to technology that advances at light speed. In some cases, the inability to find the right IT talent can affect the bottom line. According to a study from Indeed, 83% of hiring managers and recruiters said the tech talent shortage has hurt their business through lost revenue, slower product development, market expansion, or increased employee tension and burnout.
Based on additional data from Gartner, the technical skills shortage has now been recognized globally as the single biggest issue standing in the way of CIOs achieving their objectives. Not surprisingly, the biggest talent gaps are around big data, analytics and information management.
It is more evident than ever that talent management practices are unable to keep up with the ever-increasing needs of the digital world.
If your organization is struggling to land the top technical candidates needed to meet your objectives, the dedicated delivery team at CREDO Technical Staffing can help. Our experts have decades of IT experience in identifying candidates with specific technical abilities and a reputation for delivering quality talent.
If you need help filling open tech positions, contact Missy Flexman today at 844.633.9011.