Why Companies Are Struggling to Hire

The world is in a technological revolution, yet companies face an alarming problem—there aren’t enough skilled tech professionals. The demand for tech talent is outpacing supply, threatening innovation and business growth.

A study by IBM found that by 2030, the global talent shortage could result in a $8.5 trillion loss in unrealized annual revenues. This crisis is forcing companies to rethink how they attract and retain talent.

Why Is There a Tech Talent Shortage?

1. Rapid Technological Change
   • Technology evolves faster than businesses can keep up. AI, cybersecurity, and cloud computing are growing at an unprecedented rate. IBM’s study highlights that the half-life of technical skills is now just 2.5 years, meaning knowledge quickly becomes outdated.
2. The Skills Gap
   • A disconnect exists between education and industry needs. Many tech graduates lack real-world experience, and 64% of tech companies cite a lack of skills as their biggest hiring ‍challenge. Furthermore, over 50% of IT leaders say entry-level workers lack critical thinking and problem-solving skills. 
3. Aging Workforce & Low STEM Enrollment
   • By 2028, over 30% of current tech professionals will retire, creating a talent gap that younger generations aren’t filling fast enough. Despite efforts to boost STEM education, only 18% of university graduates worldwide earn a degree in a STEM-related field. 
4. Post-Pandemic Workforce Shift
   • The Great Resignation changed workplace expectations. 58% of tech employees say they would leave their job if forced back into an office full-time. Companies slow to adapt to remote work struggle to retain top talent. 
5. Global Competition for Talent‍
   • Companies are no longer competing locally—they’re competing globally. Countries like India and Canada aggressively invest in tech talent, making it harder for Western businesses to attract professionals. According to LinkedIn, demand for software engineers has grown by 25% year-over-year, while supply remains stagnant. 
     

How DIMIYA Talent Can Help 

The tech talent shortage isn’t going away soon, but there is a solution. DIMIYA Talent provides businesses with top-tier remote staffing solutions tailored to their needs. 

✔Highly skilled professionals – We source top tech talent worldwide.

✔Cost-effective solutions – Save up to 75% on staffing costs without compromising quality.

✔Scalable teams – Whether you need one developer or a full IT team, we deliver.

✔Future-ready workforce – Our experts stay ahead of the latest tech trends. 

With DIMIYA Talent, businesses can bridge the talent gap and focus on innovation. Ready to build your dream team? Contact us today!