If you have ever worked in the computer industry, you have probably heard your employer express frustration about the hiring of a new IT employee. You may even now find yourself in a similar situation, thinking that if you want something done properly, it is best to do it yourself. However, in the IT field, it is not always possible for an individual to achieve success on their own, and it is essential to work with talented collaborators in order to successfully complete a project. The challenge here is finding competent programmers.
Due to the ever-evolving nature of the IT sector, there has been a significant rise in the demand for professionals in specialisms such as software engineering and development. This is largely attributed to the ongoing introduction of new technological applications and devices into the global market.
In November 2023, prior to the outbreak of the global pandemic, CNBC News reported that there were 920,000 unfilled Information Technology (IT) positions. Similarly, Gartner identified a severe shortage of software developers as a potentially damaging new threat to the IT industry. This concern was echoed by the majority of Chief Executive Officers (63%) who expressed their worries about the future of the sector.
It has been estimated by the recruitment firm Michael Page that by 2023, there will be a shortfall of 1.4 million software engineers, with only 400,000 new graduates entering the profession. This makes software engineering one of the most sought-after careers in 24 different countries.
To put it simply, the United States has approximately 920,000 open openings for software engineers but only 165,000 candidates.
Given the current market conditions, it is undeniable that businesses are facing significant competition when it comes to attracting the best and brightest talent. Madhavanur has suggested that increased competition could help to address this issue, but there is an alternative solution. Many businesses that have been struggling to secure suitable developers have found that hiring a remote development team is the most effective way to overcome this problem. This is a viable solution which could help businesses to remain competitive in the current climate.
How Does the Current Developer Shortage Affect Companies?
When a company does not have enough software developers, their productivity and efficiency is negatively impacted. The iCIMS study found that for every technology-related role that was filled, there were an average of 43 applicants. The reason for the shortage of developers is not lack of interest, but rather a lack of qualified applicants with the necessary experience. It is essential to have talented professionals who can utilize their skills and knowledge to keep up with the ever-changing and demanding needs of the market.
According to Bennett and McGuinness, the performance of electrical and mechanical engineering and IT companies is being hindered by the challenge of filling open positions with qualified applicants. For example, it has been found that it is 40% more difficult to fill IT roles that require two or more years of experience than those that are entry-level. Research has indicated that positions that are hard to fill have a 65% negative impact on productivity, whereas vacancies that remain unfilled have a 75% negative impact.
Businesses encounter a significant challenge in recruiting the ideal personnel for their software development roles: it can take an average of 66 days to fill a technology-related post, which is a full 50% longer than the average recruitment timescale for other professions. Furthermore, 60% of Chief Information Officers (CIOs) reported that their company’s failure to keep up with the competition was exacerbated by the difficulty in finding the right people with the right level of expertise.
Is There Really a Crisis Due to a Lack of Developers?
It is an undisputed fact that the number of developers in the current market is limited. However, it is important to recognize that this is not a hard limit and there are still potential employees that can be utilized. In the modern era, the use of telecommuting and decentralized teams allows for businesses to access an international pool of talent. Therefore, it is likely that there are more potential developers available than initially thought.
Innovative Coders Outside the U.S.
In the past, it was practically impossible to connect with a highly skilled individual from somewhere other than your local area, let alone another continent. Thankfully, those times are a thing of the past and businesses now have unparalleled access to talent from around the globe. Ukrainians take great pride in the fact that a massive 80% of their population have a college degree or higher, and many of them are employed in technology related industries. With regards to any potential language barriers, you should reconsider this as a potential issue.
It is a common occurrence for many Europeans working in business-related roles, such as engineering, to be proficient in two or more languages. Furthermore, with the growth of remote communication software, there has been a considerable amount of progress and advancement in this area.
The technology ecosystem of Eastern Europe is not only restricted to Ukraine when it comes to producing highly skilled workers. Romania is home to 116,100 software developers, which is equivalent to 6 developers for every thousand people. Moreover, Poland is predicted to be one of the most inventive countries in 2023, due to its impressive 279,800-strong developer workforce. In terms of proficiency in the English language, Poland is ranked 11th globally. Additionally, Ukraine and Russia boast a literacy rate of 99.4 percent, and many graduates from universities in both countries are able to communicate in more than one language.
In recent years, there has been a heightened emphasis on education in Eastern European countries, with a particular focus on Information Technology (IT) and English language instruction. To minimize the potential for miscommunication in the workplace, many organizations in this region offer their employees the opportunity to learn English from native speakers. This provides an invaluable skill-set that can be utilized in both professional and personal contexts.
Andrada Fiscutean, Who Represented Central European Processing in 2023, wrote:
Companies who opt to outsource their software development requirements are often drawn to the attractive cost savings that can be achieved. However, they are also keenly aware of the importance of ensuring that the job is completed to a high quality standard. Commenting on this, it has been noted that the lengthy experience of personnel in Eastern Europe, coupled with the quality of their work, is a major contributing factor to the region’s growing importance in the outsourcing market.
The European countries not only provide businesses with the highly-skilled developers they need, but they also place a great emphasis on quality. This is evident in the rigorous screening processes they have in place for their potential candidates, the results of which are available to see at this moment.
Increase Domestic Hiring
South America is widely known for its iconic landmarks such as Machu Picchu and its delicious cuisine like carne asada, but it has not historically been renowned for its software development talent. However, with the recent surge in US companies looking overseas for software developers, South America has become an increasingly valuable resource.
In addition to its proximity to the United States and the associated benefit of being able to operate in the same time zone, the area is particularly attractive due to the strong parallels between the cultures and languages of the two countries.
As of the 2023 edition of the Times Higher Education World University Rankings, the University of São Paulo has been confirmed as the highest-ranking institution in South America. Furthermore, the city of São Paulo is home to two highly respected universities which offer outstanding engineering programmes; these are the Pontifical Javeriana University and the University of Desarrollo.
ComIT, a non-profit software development initiative, was founded in Argentina by Pablo Listingart, a local Computer Science graduate. Mr Listingart recognised the need to provide guidance to younger people in the area to help them to become successful computer programmers. Nowadays, ComIT is able to support programmers in finding employment opportunities across the world. When individuals are successful, Mr Listingart says it makes him “very, really wonderful”. Furthermore, when it comes to secure programming languages such as Ruby, Mexico and Colombia are acknowledged to have the most highly-skilled engineers.
Avoiding a Crisis Due to a Lack of Developers by Using Remote Workers
It may be surprising to hear both the words “Java” and “Python” mentioned in the same sentence, which could lead one to think that the topic of discussion is a type of coffee to be enjoyed with a pet snake. However, research from LinkedIn has revealed that the two most sought-after programming languages for developers in the current market are Java and Python. This is due to the fact that more and more businesses are turning to digital solutions and the skills gap in the US is not sufficiently large to meet the demand.
In order to meet the soaring demand for these abilities in countries outside the US, companies are turning to remote employment.
The United States is particularly susceptible to the detrimental consequences of a skills gap, an issue that could result in an estimated $435.69 billion (equivalent to 1.5% of its Gross Domestic Product) of lost economic output.
A recent study of over one thousand Human Resources professionals and recruiters has revealed that the economic downturn is having a knock-on effect on the recruitment of qualified programmers, with 86% of respondents reporting difficulty in locating the right candidate for the job.
As the demand for skilled programming professionals continues to grow, we may find ourselves struggling to locate individuals with the necessary expertise. This could have serious implications for our economy and our ability to innovate in the future, as it may require more time and resources to complete the selection process.
Toggl recently described this untapped worldwide talent pool as “the joy of remote employment.”
Try Us Out: We Have the Best Developers Around the World, and They Can Get the Job Done!
You shouldn’t let a lack of local presence hurt your business. Think about working with distant candidates instead.
It is undeniable that there are a multitude of shortages across the globe today. We can all recall the effects of the previous lockdown, when there was a stark lack of affordable, high-quality toilet paper. Moreover, the city bus is so full that people have to stand, and Christmas fruitcake left on the doorstep is a far cry from something everyone would be excited to receive. Fortunately, there is no need to worry about a lack of developer ability due to the extensive, worldwide talent pool available. At our company, we are here to provide support and assistance every step of the way for those who are looking for the most qualified candidates from around the world.