The demand for qualified candidates is making it increasingly difficult to attract and retain talent, and this IT skills gap is only expected to grow, with as many as 1.8 million IT jobs being unfilled by 2022.
One of the causes of the gap is the pace of technological change. Colleges and universities simply can’t keep up; they can’t create and deliver programs quickly enough. This results in less than 3% of graduates with computer science or information systems degrees.
So with the Global Information Security Workforce Study (GISWS) reporting a third of hiring managers looking to increase their workforces by at least 15%, coupled with this dearth of IT talent, what are businesses to do?
If more companies were to invest in their current employees, offering IT training or certifications to their own workers, they could promote from within instead of hiring someone completely new, instead of fishing in a pond with very few qualified fish. After all, 66% of employees first look to see if there are open and interesting positions at their current company before looking elsewhere.
Additionally, IBM found that when it comes to the best performing organizations, 84% of employees are receiving the training they need, compared to only 16% at the worst performing companies. And the benefits of upskilling don’t stop there: Businesses enjoy an average 10% increase in productivity and $70,000 in annual savings when teams are appropriately trained.
Partnering with The Software Guild to upskill your employees can:
By implementing the Talent System to upskill existing employees from both IT and other departments so you can fill in-demand roles.
Our talent system provides up-to-date training for a range of programs, all of which are designed for a specific skill level, some of which include: