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As you probably already know, in the past six months our IT Staffing unit has been very busy helping our clients find the technical talent so that their strategic projects don’t lag behind and their business goals remain on track. We’d like to share some recent data based on research about the tech talent sector and our observations from the field.

Technical talent continues to be scarce both in terms of quantity and quality and the trend is unlikely to change in the next few years. One of the main reasons is shortage of skilled IT professionals.

In spite of some highly publicized recent layoffs at prominent tech companies, the tech sector continues to be at a near-record low in terms of unemployment rates. According to a recent CompTIA Report, the US unemployment rate for in the technology sector is at 1.3%.

Unemployment Trends

 

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Multiple studies confirm that a very low percentage of IT professionals plan on keeping their current jobs. There are a variety of reasons for this trend, including burnout, lack of upward mobility in the tech sector, and a new sensibility to the life-work balance millennials have compared to older generations. And Deloitte predicts that by 2025 75% of the global workforce will be made up by millennials.

Thinking of quitting

Register Report

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According to Coleman Parkes market research conducted for Rackspace, talent shortage is the gravest problem delaying Cloud Transformation projects. The more severe repercussions of this state of affairs is to companies’ bottom line: the impact from lack of tech talent on companies’ revenue losses amounts to $162 Billion annually.

Talent Scarcity

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More and more, contingent labor is becoming mainstream as work culture patterns among younger workers shift from full-time employment to more flexible hybrid and/or free-agent types of engagement. Companies are adapting to these changes by developing the necessary mechanisms to budget for the full range of hiring practices – from full-time to all the variations of contingent employment: gig, temp, staffing suppliers, independent contractors, and advisory services.

Labor Chart

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We established the iShift IT Staffing practice because when all these changes emerged some 5-6 years ago, our clients weren’t ready and needed guidance how to proceed. They asked us for advice that ranged from defining IT job descriptions to coming up with creative ways to reallocate budgets in order to deliver on IT projects even when they lacked the necessary technical knowledge and experience in-house.

Here are a few of the reasons organizations come to us with a need to fill a specific IT position and ultimately develop a long-term relationship with us.

  • We speak tech and we have a vast network of certified IT professionals.
  • We are very skilled in providing the right candidate with the right expertise.
  • We exceed in finding the candidates that fit the client’s company culture.
  • We have flexible options to scale your company up or down: from short-term or long-term contracts to direct hires.
  • We offer stress-free engagement cancelation at any time, if needed.
  • Our clients value our commitment to finding the right candidate every time

IT Staffing

About iShift

iShift is a multi-cloud technology solutions company that provides cloud engineering, cloud migration, cloud management and specialized IT staffing services. Our mission is to help businesses to simplify and accelerate growth while enabling digital transformation and IT modernization. No matter where organizations are in their cloud journey, iShift can design, build, optimize and manage a future-ready multi-cloud environment, resulting in significant cost savings, increased workforce productivity, operational resilience, continuity of services, and business agility. For more information on how our offerings empower businesses through their adoption of cloud and modern technology, visit ishift.net.

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