Tech Industry Struggling With Talent Gap

By Dennis McCafferty  |  Posted 12-11-2013 Email Print this article Print

If the tech sector is feeling optimistic about the future, that's good news for CIOs. After all, when vendors ramp up capital and product investment and boost staffing levels, it's fueled by an overall increase in demand for tech. It also translates to better products and services which CIOs will be able to acquire on the market. Fortunately, a recent survey from Technology Councils of North America (TECNA) and CompTIA, the non-profit association for the industry, indicates that positive sentiment is on the rise. However, serious concerns linger about a lack of tech talent, as well as perceived shortcomings in the quality of science, technology, engineering and mathematics (STEM) educational programs. "Companies are feeling better about business conditions, but the talent shortage issue has the potential to sidetrack growth," says Steven G. Zylstra, TECNA chairman and president and chief executive officer of the Arizona Technology Council. More than 1,700 C-suite level technology and business executives at tech companies took part in the research. For more about the survey, click here

  • On the Upswing

    The overall business sentiment rating is 50.8 among global tech company execs, but it is expected to rise to 54.6 within the next six months.
    On the Upswing
  • Made in the USA

    The 56.4 business sentiment rating in the U.S. is more than 10 points higher than it was a year ago.
    Made in the USA
  • Ramping Up

    57% of tech and business execs worldwide anticipate increasing staffing levels in technology positions over the next six months.
    Ramping Up
  • Personnel Problem

    69% feel there is a shortage of availability in terms of needed tech talent.
    Personnel Problem
  • Falling Short

    Two-thirds feel the tech sector is underperforming and not reaching its potential.
    Falling Short
  • Incoming Supply

    34% say it's likely they'll hire more foreign workers if they become available over the next 12 months.
    Incoming Supply
  • Acquisition Mode

    59% expect that their organizations will increase investment on new products and business lines over the next six months, and 51% will increase tech spend during this period.
    Acquisition Mode
  • Minority Opinion

    Only 23% anticipate cost cutting within the next six months.
    Minority Opinion
  • Top Concerns About Future Business Prospects

    General lack of confidence and paralysis: 44%, Government regulations: 42%, Lower margins and downward pressures on pricing: 38%
    Top Concerns About Future Business Prospects
  • Public (Dis)service

    45% say the federal government represents the interests of the tech sector "poorly."
    Public (Dis)service
  • What the Government Should Do for Tech

    Provide better access to capital: 46%, Improve STEM education at the K-12 level: 41%, Improve STEM education at the post-secondary level: 41%
    What the Government Should Do for Tech
Dennis McCafferty is a freelance writer for Baseline Magazine.


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