Tech Talent Shortage Holding Back Business- Valutrics

An Indeed survey shows hiring managers face challenges in filling IT positions, impacting their bottom lines.

We often hear reports about how hard it is for businesses to hire qualified IT professionals. Today, job site Indeed released results of its nationwide poll of more than 1,000 hiring managers and recruiters that indicates the problem is getting worse and actually hurting business.

According to the survey, 86% of companies polled said they find it challenging to find and hire technical talent. Seventy-five percent of HR managers believe the time it takes to fill IT positions has increased in the past three years. Fifty-three percent reported hiring people who didn’t meet the job requirements because of immediate need.

Source: Indeed

All this is damaging the bottom line, the study showed. Eighty-three percent of those surveyed believe the difficulties in hiring tech talent has hurt their business either from lost revenue, slow product development, sluggish market expansion, or even employee burnout and tension on the IT team.

[Read more about the Indeed IT hiring survey on Network Computing.]