Tech Industry Struggling With Talent Gap
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.
The 56.4 business sentiment rating in the U.S. is more than 10 points higher than it was a year ago.
57% of tech and business execs worldwide anticipate increasing staffing levels in technology positions over the next six months.
69% feel there is a shortage of availability in terms of needed tech talent.
Two-thirds feel the tech sector is underperforming and not reaching its potential.
34% say it’s likely they’ll hire more foreign workers if they become available over the next 12 months.
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.
Only 23% anticipate cost cutting within the next six months.
General lack of confidence and paralysis: 44%, Government regulations: 42%, Lower margins and downward pressures on pricing: 38%
45% say the federal government represents the interests of the tech sector “poorly.”
Provide better access to capital: 46%, Improve STEM education at the K-12 level: 41%, Improve STEM education at the post-secondary level: 41%