Technology and the Talent Shortage

09/25/19 10:23 AM

by dotcom10 Share

How staffing agencies are adapting to the supply and demand gap for Technology and Talent.

Little seems to have changed in the past year for the staffing industry. There is still more demand for talent than there is supply, the gap continues to widen, and there is no end to both complex issue in sight.

“If anything, the skills shortage is having a dampening effect on the industry, because it’s even more extreme,” said Barry Asin, president of Staffing Industry Analysts headquartered in Mountain View, California. Clients are seeking out their services more than ever but they just can’t fill the roles fast enough.

Yet there is a subtle difference from last year as staffing agencies make some innovative changes to adapt to the new normal. The biggest investments are around agency-hosted reskilling programs to fill a variety of talent needs. At the high end, agencies like Adecco are creating or acquiring coding bootcamps to train promising candidates for hard-to-fill STEM roles — in 2018 Adecco acquired digital retraining firm General Assembly for $412 million.

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