Discover how the shortage of tech talent in the USA is shaping the market and how global hiring could be the solution. Learn more!
In the ever-evolving digital age, the talent shortage in software development and engineering has had a significant impact on the U.S. technology sector.
forecasts.Understanding the causes and exploring alternative solutions is essential for companies that want to stay ahead in the market at this time of uncertain
The Crisis of Software Developers and Engineers Shortage in the USA
According to the US Bureau of Labor Statistics, the scarcity of skilled workers has reached critical proportions, with projections indicating a shortfall of 85.2 million by 2030. This gap has serious implications, potentially resulting in a revenue loss of up to $8.4 trillion during this period.
In recent years, US companies have faced a constant challenge in filling technology job openings. In 2019, about 1 million jobs in the IT sector remained unfilled, compromising companies’ ability to keep up with the escalating demand.
Causes of the Shortage and How to Tackle Them
There are a range of factors behind this shortage, including unequal access to computer science education, lack of qualified instructors, the gap between university teachings and industry requirements, absence of effective internship programs, and variations in the quality of programming training.
Solution: Outsourced Hiring and the Role of Latin America
A global hiring approach emerges as a promising solution. Latin America, for instance, offers a large pool of software development talent at more competitive costs. With similar time zones and an aligned work culture, hiring from Latin America streamlines collaboration and reduces expenses.
