In the UK, where close to 8 percent of all workers are employed by tech companies, leaders say a shortage of skilled professionals is threatening future growth. And in the US, the President’s Council of Advisors on Science and Technology (published in 2012) predicted a shortage of one million technical workers over the following 10 years.
Language related to the talent gap seemed to reach peak angst in late 2013, when a contributor to the Huffington Post called the situation “economically devastating”.
In recent years, however, some critics have claimed that the shortage of STEM talent has been overhyped. Critics say the talent gap is promoted by technology companies eager to relax immigration rules and attract lower-cost talent. In an interview with Businessweek, Hal Salzman, a professor of planning and public policy at Rutgers University, said: “There’s no evidence in any way, shape, or form that there’s a shortage in the conventional sense. They may not be able to find them at the price they want. But I’m not sure that qualifies as a shortage, any more than my not being able to find a half-priced TV”.
Regardless of whether the shortage is exaggerated or not, it remains true that technology leaders must grapple with complex talent problems unique to the industry, including that:
What impact do these issues have on technology industry hiring companies? With the Talent Insights Series, Universum aims to uncover what university students are looking for in future technology employers – and how companies can translate these findings into actionable steps for HR, recruiting and C-level leadership. Learn more by signing up for the report below.
WHAT UNIVERSITY STUDENTS LOOK FOR IN FUTURE EMPLOYERS AND THE IMPLICATIONS FOR COMPANIES THAT SEEK TO HIRE THEM.