Lack of Skilled IT Pros May Slow Business Growth

By Dennis McCafferty  |  Posted 2015-08-19 Email

Growing confidence in business growth, combined with a lack of qualified talent for open positions, is translating to great job opportunities for many technology professionals, according to a recent survey from PwC. The accompanying "Trendsetter Barometer Business Outlook" report examines a broad number of market influencers, including sentiments and projections about the U.S. economy, revenue increases and hiring plans. And executives clearly rank IT spending at the top of their priorities, with respect to both tech solution acquisitions and staffing expansion. At the same time, a significant number of survey participants said that the lack of IT professionals who are qualified for open technology positions presents a formidable barrier to business growth. "While the hiring picture is certainly brighter, companies are still struggling to find the right talent to move their businesses forward," says Margaret Young, a partner in PwC's private company services practice. "Companies need new employees with specific skills in engineering and technology, and they're having difficulty finding them. There are longer-term solutions to be had in education or immigration reform, but that won't help companies that are wrestling with this issue right now." Executives from 225 private companies took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.

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