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Dive Brief:
- Two-thirds of tech industry decision makers say their businesses are struggling to hire, according to a report from Cengage. Published last week. The company conducted a survey of 1,000 decision makers in the industry.
- More than half of employers say they are considering paying for educational opportunities in response to growing internal talent needs.
- Nearly one-third of IT decision makers say a two- or four-year college degree is often required for an entry-level position at their company.
Dive Insight:
Employees who want to advance their careers are looking for training opportunities. Regardless of the candidate’s degree, companies want to know what skills they bring to the table and what internal needs they can fill..
Demand and supply are scarce in the tech talent market, where open roles still outnumber candidates.
More than half of IT leaders say their organizations struggle to hire and retain the highly skilled IT staff they need. According to IDC research Released in July. Unemployment in IT roles remains much lower than the overall unemployment rate: 1.8% compared to 3.6%, according to CompTIA data.
A high-demand tech talent market has reduced the focus on college and university designations, said Lucy Norman, senior director of talent acquisition at Info-Tech Research Group, in an email.
“Hiring managers and business owners should ask themselves how critical these educational requirements are to their ability to perform the job effectively, and whether hands-on experience and hard skills are more valuable,” Norman said.
As technology skills are in high demand, so is the labor market, especially in fields such as software engineering. Four out of 10 software engineers are. intending to abandon their positionBeing lured by high compensation or remote work accommodations.
CIOs can help companies address the talent gap by building a culture of continuous learning and creating opportunities to train internally, says Ashwin Bharat, founder and CEO of Revacher.
“For many companies, the number one factor in their growth and survival is their ability to recruit and retain talent,” Bharath said.
It requires retaining talent A multifaceted approach. Executives must address issues related to company culture, the competitiveness of compensation, and the projects on which employees are focused. In-house training is another factor that allows employees to see a long-term future in the organization.
“Ingenuity should start from day one,” Bharath said. “Not after a year.”
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