The Tech Talent Shortage: Global Report Addresses Today’s Critical Hiring and Retention Challenges

An outside observer of recent tech layoff headlines might be surprised to know that organizations are struggling to fill critical tech talent gaps and that the demand for qualified professionals exceeds the supply.

According to Gartner, 86% of CIOs report increased competition for qualified candidates. Research from the U.S. Bureau of Labor Statistics confirms that the shortage of available talent will grow to 1.2 million by 2026 in the United States alone.

Finding qualified tech employees is just the first challenge. The second is retaining them. Another Gartner survey found that only 29% of IT workers have high intent to stay with their current employer. Replacing these workers will get more expensive as the talent pool shrinks and competition rises.  

Recognizing the urgency of the talent shortage, an American company specializing in software engineering services conducted a two-part report in partnership with a global insight-driven research company to investigate these critical challenges.

This report surveyed more than 900 senior technology and human resource (HR) leaders from nine countries across North America, Europe and Asia. The second and final installment attempts to uncover why technologists leave their organizations and identify changes leadership can make to retain these vital individuals.  

Read the full article here.

Access the report here.