The state of Tech staffing: Success tomorrow relies on smart Outsourcing today

This article was published in Forbes on 6th May 2022. 

It’s no secret: The tech industry is facing a massive talent drought, with more skilled specialists than ever needed in today’s dev teams and a shortage of qualified candidates to fill these crucial roles. This is especially challenging for startups, who face great opportunities for growth but fierce competition for top employees.

And it’s not just the demand for talent that’s evolving. From the growing high-tech gig economy to the mass adoption of remote work, we are witnessing fundamental changes to how organizations build teams and individuals collaborate.

To better understand the dynamics transforming today’s workforce and the solutions best positioning companies for future success, my company surveyed 200 senior leaders at U.S.-based, recently funded high-tech startups to develop our 2022 State of Tech Staffing Report. The results may surprise you.

Outsourcing is skyrocketing — and could soon become a must.

In one eye-popping finding from our study, we project that software development outsourcing will increase 70% between 2022 and 2023. And believe it or not, this trend is expected to grow even faster in emerging industries such as fintech, where we expect outsourcing to more than double by next year. With no signs of slowing down, global IT outsourcing revenue is projected to reach $587.6 billion by 2027 (paywall), increasing by about 8.2% each year.

Read the full article here.

Authored by: Max Nirenberg, Chief Revenue Officer and Managing Director for North America, Commit USA.