The Talent Shortage of Software Developers in 2019
To remain competitive in this digital era, business organizations 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 is projected 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 that companies experience when searching, recruiting, and retaining 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 developer and how this might impact your business.
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 to fill them. Companies might find it extremely challenging to find the right talent. If you check out the map, you’ll find the locations of companies in the country and the number of job openings that are looking 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 but only 8% of STEM graduates have a degree in Computer Science. Currently, the US primary and secondary education systems have not upgraded the programs 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 the recruitment of traditional software developers with solid skills and experience, the type and quality of candidates have never been more important. Having a 4-year computer science degree might not be enough anymore as software developers are required to know and understand the business as well.
Most of the software development jobs available today need comprehensive knowledge and skills in coding and the ability to develop reliable solutions with the help of data and information technology.
How to solve the problem with talent shortage?
To address the shortage of software developers, some companies are organizing their own training programs to upgrade the skills of 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 by allowing analysts in the line of business to create enterprise-grade applications with minimal coding knowledge. This allows development managers to look beyond their own teams, skills, and experience to answer the increasing requests and the demand to deliver quickly and iteratively.
Incorporating these non-mainstream resources in the development process prove to be beneficial to software developers and business stakeholders. The amount and frequency of development the software development team deliver 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 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 which 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 to the company. This will help improve employee retention and overall productivity returns in the long term.
Listen to Episode 47 of the Startup Hustle Podcast – Offshoring, 10 Tips
The talent shortage of software developers in 2019
As you look around and see the growing ubiquity of smartphones, smart homes, and artificial intelligence, there’s no doubt the future is bright for software developers. There will always be a strong demand to ensure that these advanced technologies will function accordingly and develop innovative solutions to revolutionize these concepts further. 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 to their open jobs. We understand that every software developer has distinct skills sets and organizations require specific skills and experience to help mobilize their operations.
The future in software development looks promising for both the companies hiring and the active job applicants searching for a great career path. To get started, contact us to get your free consultation.