Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Texas Hourly Paycheck Calculator: Quick Payroll Solutions

    October 29, 2024

    Tennessee Hourly Paycheck Calculator for Accurate Estimates

    October 28, 2024

    South Carolina Hourly Paycheck Calculator: How to Calculate?

    October 27, 2024
    Facebook Twitter Instagram
    • b2bbusinesshub1@gmail.com
    Facebook Twitter Instagram
    Login Register
    B2B Business HubB2B Business Hub
    Contact US
    • Business
    • Digital Marketing
    • Finance
    • Howto
    • Startup
    • Technology
    • Health
    • Write for US
    B2B Business HubB2B Business Hub
    Home»Technology»Software Development Company : A Secret to Tackle Skill Scarcity
    Technology

    Software Development Company : A Secret to Tackle Skill Scarcity

    acquaintsofttechBy acquaintsofttechJanuary 24, 2024Updated:July 19, 2024No Comments7 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Introduction

    Since the past few years, there’s been a shortage of software developers, making it challenging to start or continue projects even though there’s a growing demand. Companies looking to succeed in this tech industry environment should understand the reasons behind this shortage and find ways to overcome it.

    Shortage of Software Developer is a serious concern

    • The tech industry is facing a serious shortage of skilled developers worldwide. This is because software development is becoming more complex, and there’s intense competition for talented developers.
    • In the United States alone, there are currently 1.6 million developers, quality assurance analysts, and testers. This number is expected to grow by 25% to over 2 million by 2031, which is faster than the average for all jobs.
    • Despite an abundance of growth, there just aren’t enough qualified software developers to meet the increasing demand. In 2021, there was a shortage of 40 million skilled developers globally, and this number is expected to jump to 85.2 million by 2030.

    Let’s understand what scenarios this shortage of software developers implies.

    The indications in shortage of developer shortage

    A shortage of software developers can highly impact a Software Development Company

    • Firstly, a shortage of software developers will lead to an escalation in the prices charged by software development companies, as all the companies will compete against each other to hire the best resources to meet their needs. This shortage of skilled software developers impacts the quality of the products and services.
    • Delays in software development can harm big economies. In the US, companies struggle to find skilled people, while other countries become better at leading in tech and innovation. The US might lose more than $162 billion in yearly earnings if it doesn’t fill more tech jobs.
    • Also, there’s a risk that skilled tech workers might leave for easier jobs. In 2022, a report said 40% of US employees were likely to switch careers. Looking back, this could be bad for companies losing skilled workers. So, businesses should keep an eye on how happy their employees are and have good plans to keep them and their knowledge.

    Now, you would ask what are the solutions to overcome the implications?

    Worry not; we are going to highlight the best possible solution to solve the implications

    Keep reading!

    But before moving to the solutions, let’s understand the factors that can cause this implication

    Know these 5 factors to tackle the problem of Shortage of Skilled Software Developers

    Below are the factors that contribute to the shortage of skilled software developers

    The industry is growing at a highly unexpected rate:-

    The skills gap happens because of the rise of digital transformation or modernization. This growth is making it hard for companies to find skilled developers. When there are job openings that can’t be filled, the current team can get stressed, causing burnout and people leaving.

    The complex software developments are increasing:-

    The more, the merrier, is not always good. As technology grows rapidly, it is becoming difficult for IT professionals to address all the complex problems circling the software development process. This advancement is making it difficult for the team to find the right talent for their organizations.

    A mismatch between education and the IT industry is not able to solve the problem:-

    The theoretical knowledge given during the education premises is not enough for the professionals due to the lack of modern knowledge and an absence of proper practical exposure. The developers need the right amount of professional development to gain the much-needed practical exposure to fulfill the skill gaps.

    The never-ending competition:-

    In IT, competition has always been the talk of the town. Talented developers are still in high demand. Now, with more chances to work from home, there are more potential employers for each job. The Internet and social media also give job seekers more ways to connect with possible employers, managers, and recruiters, increasing the scarcity in supplying the right talent.

    The economic downturn:-

    As giants like Meta, Amazon, etc., are laying off, it creates a lot of availability for talented pools out there. This is the time when startups and small businesses can hunt talented professionals to integrate them into the team. To address the shortage of skilled software developers, exploring options like hiring individuals affected by these layoffs or considering Software Development Outsourcing Services can provide valuable solutions for augmenting your development team.

    3 Eye-opening solutions to solve the problem of shortage of skilled software developers

    The solutions below can help you mitigate the problems caused by to shortage of skilled developers

    Proper education:-

    Often, we blame the education system for professionals’ lack of skills. But there are unequal education curriculums taught across the world. The government and philanthropists need to address this concern by improving education slightly to provide future developers with eBay learning.

    Internships and mentoring:-

    Organizations can hire freshers and train them to develop modern software development skills. Interning them through video learning can also help them improve their skills.

    The modern way of working:-

    Organizations need to embrace the remote work setup or look forward to running IT Staff Augmentation. In simpler words, organizations that are finding it hard to find the right talent pool to meet the scarcity of skilled personnel should look forward to outsourcing their work to external software development companies or hiring remote teams from across the globe to fill the skill gap.

    Based on the three solutions, the organizations can choose the best-fit solution to mitigate their problem.

    Now the question arises: which are the best countries for outsourcing, and How do we Choose the Right IT Outsourcing Partner?

    To answer this, we would say there is no one size fits all. Skilled developers are present in India, the United States, the United Kingdom, etc.

    Let’s a brief info about the prices of outsourcing software development based on different regions

    • Western Europe: Prices in Western Europe are the most costliest, ranging from 150 USD to 300 USD.
    • Eastern Europe is the most popular region for fulfilling outsourcing needs. Countries like Ukraine, Poland, etc., fall under this region. The charges in this region range from 25 USD to 50 USD.
    • Central/Western Asia: This is the most trending region for outsourcing software development work. Due to the excessive availability of cheap labor, the region has gained many software development gigs. The prices range from 15 USD to 40 USD.

    What makes Acquaint Softtech the best Software Development Partner

    At Acquaint Softtech, we created an awesome new solution for SuperFi. They had a great idea but weren’t sure how to make it happen. We advised them on the advantages of outsourcing to us, a software development firm. To speed things up, they decided to go for a minimum viable product (MVP). Instead of searching for a team, they chose to hire remote developers from us, which turned out to be a smart move. This saved them a bunch of time and effort, and we delivered a fantastic solution that both the client and their customers loved.

    So, what keeps you waiting to hire us today to meet your Software Development needs

    Summary

    There is a lack of skilled people in the software development field. This is happening because software is getting more complicated, more projects are popping up, and there aren’t enough qualified developers to meet the demand. However, hiring remote developers through the IT Staff Outsourcing method can help organizations bridge the gap.

    71 / 100
    Powered by Rank Math SEO
    Hire Developers IT Staff Augmentation Software Development Outsourcing Services
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    acquaintsofttech

    Related Posts

    In-house v/s Software Development Outsourcing: A Long Battle

    September 27, 2024

    How to Overcome Laravel Remote Team Disconnection?

    August 13, 2024

    Celebrating Achievements in Remote Laravel Teams Culture

    August 13, 2024
    Add A Comment

    Leave A Reply Cancel Reply

    Sponsors
    • Generate Pay Stubs
    • Real Check Stubs Free
    • Online Paystubs
    • Free Invoice Generator
    • Hourly Paycheck Calculator
    • Canada Paystub Caculator
    Top Reviews
    Advertisement
    Demo
    B2B Business Hub
    Facebook Twitter Instagram Pinterest LinkedIn
    • About us
    • Disclaimer
    • Privacy Policy
    • Terms of use
    • Paycheck Stubs
    • Free Paystub Generator
    © 2025 All right reserved. b2bbusinesshub.com.

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.