Talent Shortage of Software Developers
To remain competitive in this digital era, businesses need to optimize software development to propel operational efficiency, upgrade legacy systems, and delight clients with breakthrough solutions.
Tech experts predicted that the demand and usage of applications will continue to grow and projected it to generate $188.9 billion in revenue. With that kind of exponential growth, it could be challenging for some companies to keep up with the demand.
Adding to the problem is the talent shortage of software developers to match the client requirements. In today’s article, we will show you some important stats that demonstrate the effects of the shortage of software developers.
Is there really a talent shortage for software developers? Let’s look at the facts.
- According to Code.org, there are less than 50,000 Computer Science graduates in 2017. But, there are over 500,000 open computing positions in the United States. This could mean that in 2020, the available seats for this position will exceed qualified applicants by a million which could widen the gap even more.
- Based on the research done by ACT (The App Association), there are more than 220,000 job openings in the US. They said that there are more job openings than there are qualified applicants. Companies might find it extremely challenging to find the right talent. On the map, you’ll find the country locations of companies and the number of job openings for software developers
- In 2020, an estimated 1 million computer programming-related jobs in the US are expected to be unfilled. Many tech organizations are now turning to non-traditional applicants and internal training to fill these gaps.
- About 58% of all STEM (Science, Technology, Engineering, Mathematics) are in computing. However, only 8% of STEM graduates have a degree in Computer Science. Currently, the US primary and secondary education systems are not upgraded to include the technical skills needed to meet this demand.
- Colleges and universities graduated a little less than 30,000 new computer science majors every year. With this current pace, it might take about 8 years to match the open job roles.
Finding quality software developers today
With the current challenges faced in recruiting software developers, the quality of candidates has never been more important. Having a 4-year computer science degree might not be enough anymore; software developers are required to know and understand the business as well.
In addition, software developers should not only know how to code, but they must also know how to develop reliable IT-related solutions.
How to solve the problem with talent shortage?
To address this shortage, some companies are organizing their own training programs for employees with a less technical background. In this way, they can teach them their methodologies and achieve better productivity outcomes.
Additionally, companies are leveraging on low-code or no-code platforms to expedite application delivery. This allows analysts in the line of business to create enterprise-grade applications with minimal coding knowledge. Development managers can look beyond their own teams, skills, and experience to answer demands to deliver quickly and iteratively.
Therefore, incorporating these non-mainstream resources into the development process proves to be beneficial to software developers and business stakeholders. The amount and frequency of development the software development team delivers grow when business analysts collaborate with the team. Through this, they can develop, iterate and meet their goals faster.
The quality of applications becomes less of a problem; since the training and tools, the development team provides to the organization bolsters best practices and establishes standards for data and design.
The sharing of ideas, hands-on development and interactive problem solving empower the organization. Hence, this results in high-quality applications that customers love and find useful.
This boosts the morale among the team as the developers realize the true impact of their work on the company. This will help improve employee retention and overall productivity returns in the long term.
The talent shortage of software developers
As you look around and see the growing ubiquity of smart devices and artificial intelligence, there’s no doubt the future is bright for software developers.
In conclusion, there will always be a strong demand for software developers. This is to ensure that these advanced technologies will provide innovative solutions to meet current demand. We’ve only just begun and there will surely be more room for innovation.
Here at Full Scale, we help organizations match the right software development professionals. We understand that every software developer has distinct skill sets. Organizations require specific skills and experience to help mobilize their operations.
The future in software development looks promising for both the companies hiring and job applicants searching for a great career path. To get started, contact us to get your free consultation.