It may be mid-February but the top news stories from January are still driving the conversation, and they’re all about the growing talent shortage. Multiple reports published last month projected the talent gap to grow exponentially over the next few years, especially as more emerging technologies enter the mainstream. We also saw HR experts respond to these estimates by thinking outside the box to attract and retain developers.
This is the third installment of our monthly roundup of talent acquisition news. January was filled with new research on the tech talent landscape, wage growth for developers, as well as new professional certifications that could drastically impact candidate pools for tough-to-fill jobs.
Natasha Singer detailed how the demand for computer science courses across the country is outpacing the supply of professors. Citing research from the nonprofit Computing Research Association, Singer reported that undergraduates majoring in the subject doubled between 2013 and 2017, while the number of tenure-track faculty only rose by around 17 percent.
Last month, Forrester published its outlook on the 2019 tech talent market. The firm projects tech employment to grow by 2.4% and wages to increase by 3.3% in 2020. According to Andrew Bartels, Vice President at Forrester, this wage growth could force CIOs to pay higher-than-anticipated premiums for in-demand tech roles.
McKinsey Quarterly estimates that as technology continues to change the way we work, 375 million people will need to be retrained by 2030. This article highlights how forward-thinking organizations are preparing for these upcoming staffing challenges. For companies in need of software developers, one of its recommendations included “renting” talent through outsourcing partnerships.
Google announced four new cloud-based certifications, including Professional Cloud Developer, Professional Cloud Network Engineer, Professional Cloud Security Engineer, and G Suite certification. TechTarget’s Chris Kanaracus writes that these new certifications could create a larger talent pool for tough-to-fill jobs and give IT professionals additional credentials to add to their resumes.
Due to a talent shortfall that could exceed 900,000 jobs by 2022, Gary Beach reports that employers are taking a closer look at applicants with less traditional online certifications. Scott Bittle, director of communications at Burning Glass Technologies, told Beach that digital badges often make it easier for a hiring manager to determine if a candidate has the right skillset for an in-demand tech job.
CIO Magazine’s Clint Boulton writes that CIOs are getting ahead of the tech talent shortage by forming partnerships with leading universities. Companies such as Synchrony and Kroger have opened technology centers that create unique opportunities for students and increase their access to top candidates before they hit the open market.