The Talent War for Skilled Tech Workers
Post-pandemic, our biggest problem might be a lack of skilled tech talent. As companies move forward with their digital transformation plans, they aim to hire new staff and train their current employees. Out of 750 UK companies polled in a Studio Graphene digital report, 45% plan to hire new tech staff in the next 12 months and more than half (53%) intend to invest in training for their current workers.
Companies are realising that their survival now depends on a limited pool of qualified technology workers. Among the hardest-hit economies are those in Brazil, Indonesia, and Japan, but even the United States and the UK will experience the squeeze. “It’s pure supply and demand”, said Alan Guarino, a Korn Ferry vice-chairman. “Companies are paying more...but there’s still a shortage of high-skilled workers. Technology is the thread that runs across every aspect of business”.
Which Jobs Are In Demand?
According to a 2021 IT salary report by Robert Half Technology, the most in-demand tech jobs of the year include information security professionals, cloud architects, database administrators, systems analysts, and DevOps engineers, among others. But in those fields, it’s difficult to find hires with significant experience, multiple specialisations, and a high level of expertise. And multinationals such as Google, Apple, and IBM usually scoop them up.
Regardless of the exact role, companies need workers who can implement advanced security systems, target cloud and network vulnerabilities, document risk points and failures, and abide by new industry tech regulations. This will likely mean that companies start to take certifications like the ones pioneered by Google and Amazon, instead of insisting on four-year undergraduate degrees.
But even as coding boot camps and year-long certification programmes have ramped up to try to close the gap, smaller tech firms and startups struggle to compete with their bigger counterparts. Remote work doesn’t help matters. “Hire-from-anywhere policies will only heat up a tight candidate market”, said Ryan Sutton, a district president of technology staffing services at Robert Half. “Companies who were already having a hard time recruiting are no longer just working against local competitors, but potentially desirable companies across the country”.
How Can CIOs Solve the Crisis?
As governments try to do their part—Poland offers residency and potential citizenship to skilled tech workers, India offers broad IT, telecommunications, and cybersecurity programmes, and the Netherlands lets its foreign employees earn 30% tax-free income—company executives must take measures of their own.
Some CIOs have started looking to other countries to source expert talent. In the United States, where 80% of U.S. employers state that tech recruiting is a significant challenge, some firms are looking to Mexico, where 20% of college graduates have engineering degrees. As a result, tech companies such as Cisco and Intel have sourced labour from both the U.S. and Mexico.
To compete, here are some first steps:
- Invest in cybersecurity and cloud development training programmes
- Hire based on skills and expertise, not necessarily degrees
- Outsource to other countries with high percentages of skilled engineers and programmers
Overall, companies that broaden their search for talent and upskill their current employees will be best equipped for digital transformation. As Ritam Gandhi, founder and director of Studio Graphene, said: “Our research shows that, on the whole, UK businesses have adopted a long-term mindset [towards] technology and innovation”.
Thales Group to Provide Tech for Low Earth Orbit Satellites
The Franco-Italian aerospace manufacturer, Thales Alenia, which specialises in the space industry is set to supply the world’s only network of satellites in low earth orbit (LEO) with its industry-leading technology. More specifically, the Optical Inter-Satellite Links ─ which is hailed as the ‘best technology for the next generation of the Galileo Navigation System’, by the European Space Agency. Through the implementation of Thales Alenia’s optical systems, the satellite network will be able to provide global, fine-scale coverage, overland, oceans, and both poles, without compromising the security of data communications.
Telesat, a Canadian satellite services company, is currently developing the network and has commissioned Thales Alenia Space to build its broadband constellation. The network, which will be named Lightspeed, will apparently comprise 298 individual satellites, each weighing roughly 700 kilograms. These satellites will be capable of delivering multiple terabits per second worldwide for secure broadband professional services with low latency and high levels of performance. Ergo, it’ll be incredibly fast.
‘The Optical Inter Satellite Links technology is based on Thales Alenia Space’s product line Space Optical Communications, i.e., OPTEL-C. The more compact OPTEL-µ is another optical communications product from this line. This is particularly good for downloading data from small LEO satellites’, according to Innovation Origins.
Thales Alenia Space Background
Thales Alenia Space is the largest satellite manufacturer in Europe ─ the Swiss branch, which has been commissioned in this particular announcement, opened up five years ago in Zurich, where the company primarily specialises in the development and manufacture of instruments for scientific satellites, but also on optical communication terminals for space applications.
The Swiss Space Sector
When it comes to the European and international space industry, the Swiss sector is becoming increasingly important. Approximately 100 Swiss companies already produce incredibly sophisticated pieces of kit and technologies for space missions, and Switzerland also plays host to the European Space Agency Business Incubation Centre, which was established back in 2016 in an effort to help entrepreneurs ‘realise their innovative ideas and transfer technologies from space to Earth and from Earth to space.’