Analysts predict that there will soon be over one million jobs available to software developers. But due to the ever-widening skills gap, a vast major of these positions will go unfilled. Companies of all sizes are expected to be impacted by the talent shortage in some form or another.
Looking to find even a slight edge over competitors, forward-thinking organizations are now totally rethinking how they recruit, hire, and retain tech employees. Titled "Rethinking Strategies for Filling your Talent Gap," this article explains why we believe upskilling, diversity, and onshore outsourcing can prove lucrative as you look to fill your company's tech positions.
According to The World Economic Forum, forthcoming technological breakthroughs are expected to "rapidly shift the frontier between the work tasks performed by humans and those performed by machines and algorithms... These transformations, if managed wisely, could lead to a new age of good work, good jobs and improved quality of life for all, but if managed poorly, pose the risk of widening the skills gaps, greater inequality and broader polarization."
As automation, robotics, and A.I. increasingly become major factors in workforce productivity, smart companions are looking to upskill and reskill their current employees as a means of addressing the talent gap.
Organizations that offer an upskilling program report increased productivity from employees, noting a correlation between training and engagement. When employees sense job security and clear pathways for career advancement, their capacity to produce good work increases dramatically. Furthermore, upskilling existing employees saves valuable time and money that would otherwise be spent on recruiting, onboarding, training and related costs to bring on new employees.
Giving Compass says "by putting diversity efforts in the back seat, companies deprive themselves of the rich creativity and ingenuity that fuels technology innovation. Building a diverse and inclusive team isn't just the right thing to do -- it's a competitive weapon that simply can't be ignored"
However, as a practice, hiring diverse peoples is on the decline in technology. A Pew Research report shows "that although the number of computer-based roles has grown 338 percent in the United States since 1990 -- when nearly a third (32 percent) of those in computer-related roles were female -- only a quarter (25 percent) of those new positions were filled by women. And the problem is even greater when we look at underrepresented communities and people of color: The same Pew report shows that African Americans represent only 9 percent of the STEM workforce, for example, and Latinx workers just 7 percent."
Fixing the issue starts with your organization owning up to its biases, whether they're intentional or not. In reviewing the makeup of your current team, do you see striking similarities in background, education, race, ability, or gender? Recognizing your company's particular biases is the first step toward correcting them.
Understand that achieving real workplace diversity is not a simple 'fill-in-the-blank' exercise. Forbes said it best, "we seek diversity because we as individuals have different tastes, preferences, ideas, and dreams. It is from this diversity that our whole world is shaped and created... Essentially diversity boils down to curiosity -- it is the antithesis of boredom." In addition to bettering company culture, research from the Boston Consulting Group suggests diverse teams also tend to have "19% higher revenue due to innovation."
In essence, outsourcing involves hiring another firm to handle workloads that are outside of your company's core business. "With so many functions to perform, businesses often find themselves working outside their areas of core competency. This is true of both small and large firms, and even the biggest businesses often find that they can realize cost savings through outsourcing," notes Tallyfy, a San Francisco-based workforce automation company.
The company lists ease of communication, a greater level of control, fewer cultural differences, respect for intellectual property, cost savings, and political/financial stability as reasons to choose onshore outsourcing.
Through our Boulder, Colorado-based development shop, we help clients - both large and small - fulfill their outsourcing needs on time and budget. Not only do our talented engineers help guide you through the preproduction and production phase, but they're also available for hire, meaning your company can continue to maintain the project without missing a beat. Onboarding a team that's already familiar with your codebase can help avoid much of the frustration that comes along with filling your talent gap.
If you're interested in learning more about Techtonic, please CONTACT US today! Techtonic is the premier partner for developing onshore, commercial-grade software. We've also developed a unique method to simultaneously close the talent gap that exists within technology, by tapping into a new and highly diverse workforce. Our model is pioneering the way clients develop and hire top talent, and we'd love to work with you!