Tech companies face a dearth of workforce talent, which has led many organizations to hire through non-traditional approaches that include coding bootcamps, low-code training, and focusing on population areas outside the norm.
Source: Computerworld – As the number of unfilled tech jobs rises, and younger tech workers head out the door quicker than ever, companies are being forced to turn to non-traditional methods of finding new talent.
Organizations are developing in-house training to upskill and reskill employees, some of them from non-technology business units. Companies are also bypassing academic requirements to focus on skills-based hiring and seeking talent in regions not traditionally sourced for new hires.
While unemployment is at historic lows in many sectors, the tech industry has been hit hard by the pandemic and the Great Resignation, leaving companies facing a dearth of qualified job candidates to fill more than one million openings.
As many as 37.4 million people are expected to quit their jobs in 2022, according to Gartner; the majority of those workers are Millennials and Gen Zers. And by 2030, a projected global human talent shortage of 85 million people could result in about $8.5 trillion in unrealized annual revenues, according to a study by Korn Ferry, a Los Angeles-based management consulting firm.
Yannick Binvel, president of Korn Ferry’s Global Industrial Markets practice, summed things up in an earlier Korn Ferry report: “Governments and organizations must make talent strategy a key priority and take steps now to educate, train, and upskill their existing workforces.”
Low-code to the rescue?
With skilled developers scarce, more organizations are turning to low-code software development so that enterprise users with little formal coding experience can build business apps.
In 2021, the global market for low-code development technology hit $13.8 billion in revenue. And the adoption of low-code software development platforms is growing by more than 20% a year, according to Gartner. By 2023, low-code development is expected to be adopted by more than half of all medium- to large-sized companies.
Low-code development tools abstract away the more commonly used codebase and replace it with a graphical user interface or visual “what you see is what you get” (WYSIWYG) interface to build an application. “No-code tools simply refers to the abstraction of all codebase into GUIs,” according to Gartner. Low- and no-code tools are designed to help business users such as
analysts or project managers with little formal coding experience develop apps. That helps alleviate the need for traditional app developers.
Appian, a McClean, Virginia-based platform-as-a-service (PaaS) vendor for building enterprise software applications using low-code development tools, typically trains or hires about 4,000 low-coders a year. That number grew by almost 70% from Q1 2021 to Q1 2022. This year alone, Appian expects to give away 1,000 scholarships toward training low-code skills for low-income and under-skilled workers and veterans.
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