According to research by specialist IT recruiter, Greythorn, with IT projects set to dominate the market landscape this year, over a third of CIOs and IT Directors believe their single biggest hiring challenge in 2015 will be finding candidates with the right skills.
And, Greythorn says even more alarming is the fact that 41% of CIO’s believe skills shortages will have a direct impact on their business this year.
“There is a definite shortage of skills in certain key areas within IT that are experiencing rapid growth outstripping the market supply i.e. IT Sales and Business Development, Digital, Big Data and Cloud, says Richard Fischer, Greythorn Managing Director, APAC.
According to Greythorn, the impact of off-shoring on the skills base is also having a dramatic impact with 38% of CIOs and IT Directors stating it will affect IT project delivery. And to combat these skills shortages, two key strategies were identified by respondents – “the first was clearly the most popular with almost 80% of CIO’s intending to provide training to up-skill their existing staff”.
Greythorn says this provides an excellent opportunity for the Australian IT industry.
The second solution, revealed by the survey, was to hire international candidates, which a third of CIOs and IT directors said they would consider.
Top source countries were the UK, India, Asia and NZ, and Greythorn says that the number of ICT project managers arriving in Australia on a 457 visa increased by 19% in 2014 compared to 2013.
Greythorn says that CIO’s were also concerned with acquiring the funding to achieve their objectives, the second biggest challenge identified in the survey.
Fischer says that given the talent shortages in certain areas, it is likely that the cost to secure professionals with these skills will command a premium, thereby increasing cost, and Greythorn says that with the rapidly evolving IT market, there is also an increasing need for multi-talented candidates with a diverse range of skills particularly in ‘new world IT’ such as cloud, big data, rather than those who specialise in a niche skill set.
Greythorn concludes that CIOs and IT director will increasingly seek IT professionals who have the attitude and competency to learn these skills in order to redress the shortage, and says that 2015’s IT leaders will need to be prepared to spend time on training both new and existing staff in order to foster the skills necessary to deliver key business projects.