One of the most important – and unfortunately enduring – IT job market trends for CIOs to monitor is the continued chasm between technology talent demand and supply. Computer-related jobs are expected to grow at the faster-than-average rate of 12 percent through 2024, according to the U.S. Bureau of Labor Statistics. In just two years, BLS predicted, there will be 1.4 million open technology jobs but only 400,000 new computer science graduates nationwide. That’s causing many IT leaders to get more involved in STEM issues to address this long-term problem.
Next-gen skills hiring needs to pick up
Enterprise IT leaders say they want to leverage their own internal talent to develop competitive differentiators, says Yugal Joshi, vice president of Information Technology Services for Everest Group. However, despite these aspirations of enterprises, their hiring hasn’t kept pace, he says.