IT Employment Growth Starts To Plateau And IT Talent Shortage Is To Blame

ALEXANDRIA, Va., Oct. 15, 2021 /PRNewswire/ -- In September, IT employment increased by 0.04% to 5,376,700 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment has increased by 4.15% since September 2020 adding 214,200 IT workers.

Engineering employment grew by 0.32% sequentially to 2,639,500. On a year-over-year basis, engineering employment increased by 2.84% since September 2020, adding 73,000 engineering workers.

"Employment in IT continued to inch up in September but the rate of growth started to plateau as predicted," said Mark Roberts, CEO of TechServe Alliance. With IT unemployment at historically low levels at 2% in the third quarter, IT executives are struggling to hire. The pandemic pushed companies across industries to speed up decades worth of digital transformation projects within a span of a year. As demand for IT professionals spiraled, it also exacerbated the already existing tech talent shortage.

"The time for collaboration and creative solutions to shrink the supply-demand gap is now," Roberts emphasized. To this end, TechServe Alliance is kicking off a dialog in partnership with Society for Information Management (SIM) to explore innovative solutions to ease the talent shortage during its annual Executive Summit in November.

"IT industry leaders must join forces and think out of the box to alleviate this talent crisis or risk a slowdown in growth and adoption of new technologies," Roberts added.

For the complete October 2021 TechServe Alliance Employment Indices please visit: https://www.techservealliance.org/news/it-employment-growth-starts-to-plateau-and-it-talent-shortage-is-to-blame/

About TechServe Alliance
TechServe Alliance is the national trade association of the IT & Engineering staffing and solutions industry. IT & Engineering staffing and solutions firms count on TechServe Alliance to keep their leadership informed, engaged, and connected. TechServe Alliance serves as the voice of the industry before the policymakers and the national and trade press. By providing access to the knowledge and best practices of an entire industry and tapping the "collective scale" of its members, TechServe Alliance supports its members in the efficient delivery of best-in-class IT & Engineering staffing and solutions for clients and exceptional professional opportunities for every consultant.

SOURCE TechServe Alliance