The Talent Crunch is the disparity between the supply and demand of qualified employees over the coming decade in 20 wealthy and emerging countries, which might result in significant manpower gaps by 2030.

The urgent worldwide problem of a need for qualified IT people results from rapid digital change. This gap further deepened, and reliance on digital intensified in recent times when the pandemic played the role of a disruptor.

This impacts every business. There is a growing need for skilled technical talent, but only some nations and businesses have the means to achieve it.

The worldwide supply chain problems caused by the talent crunch will ultimately lead to diminished productivity. As a result, company expansion and growth will be challenging, and production and sales objectives will not be met, slowing down the post-pandemic recovery process globally.

To better understand the whole scenario, TechGig spoke with industry experts regarding the issue of talent crunch and how it will affect the industry in 2023.

Alankar Saxena, CTO and Co-founder, Mudrex said,“Most business operations these days are supported by the software. So, naturally, there will be an increase in the demand for skilled techies. However, the problem is that the demand has exceeded the supply creating a scarcity. While giant companies can afford to pay an absolute premium to gain access to experience and skilled talent, it is not easy for small and medium-scale companies to hire them locally.”

Dhana Kumarasamy, CEO Fulcrum Digital commented,“As digital technology adoption increases, organisations are also faced with a myriad of challenges in terms of adoption and speed of scaling. Another area where businesses sometimes struggle is relevant skillsets to work with these emerging technologies. Regarding resources, India’s IT talent crunch is an ongoing concern. One way to overcome this challenge is for businesses to leverage tools, innovative methodologies, and automation to increase the throughput and efficiency with limited technical skilled resources.” Read More

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This article from Techgig features Sushant Mathur