Anxiety rises as each day brings news of a tech business or startup laying off staff or putting recruiting on hold. Nowadays, the job market for technology businesses and people with high-tech skills is in flames and is expected to remain so.
Currently, the unemployment rate for high-tech occupations in the United States ranges from low to non-existent. In addition, their hiring spree is otherworldly. These are exciting times for data scientists, Java developers, and cloud computing gurus. For the firms who are interested in hiring them? Not at all.
According to a research of over 4,000 information technology leaders conducted by Harvey Nash Group Ltd. and KPMG LLP, the IT skills crisis has been the worst since right before the Great Recession of 2008. Consequently, the market for tech expertise and workers of all sorts at digital organizations is so competitive that even job recruiters are constantly being headhunted.
There are two major reasons why professionals are still in high demand, according to the NYT: there has been a long-term trend of corporations seeking to hire more tech workers and the number of skilled individuals has not kept pace. Furthermore, recruiting at many technological firms is still catching up from the early months of the pandemic, when many companies stopped hiring or fired off employees, only to have to hire staff members when their companies did not collapse.
How to cope with this shrinking tech talent pool? Adopt a digital transformation business model, regardless of your industry.
The silver lining is that by using cloud, agile, scrum, and lean manufacturing strategies, businesses are bettering themselves and, as a result, becoming the greatest alternative for candidates.
If you are interested in learning more about digital transformation for your company, this article can be helpful: Using cloud to accelerate customers’ digital transformation.
ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.