According to MSPmentor, by T.C. Doyle, “… by almost any measure, the tech economy is booming, sales are growing, shares are up, and many MSPs and VARs have more business than they can handle. With so many companies now hiring tech workers, it’s going to get more difficult to find the talent you need to compete in this economy, and the digitally transformed one that is emerging…”
And, according to CompTIA’s Cyberstates report, by Senior Vice President Tim Herbert, “ tech employment in the U.S. has risen to 7.3 million… 6.9 million are in the ‘traditional information technology’ industry… a positive sign that companies.. are hiring…”
Herbert continues by noting that “… CompTIA found that that there were more than 625,000 (posted) job openings in the fourth quarter of 2016, alone… Considering that tech workers earn double the national average… at nearly $109,000 annually… prepare… to write some big checks to get the talent you need to satisfy existing customers …”
“If you thought competing for tech workers… (in) social media, cloud computing and the IoT was tough before the rise of big data… imagine how difficult it’s going to be… (as you) compete with every organization for digitally savvy workers,” says Herbert.
The Doyle Report goes on to say that, while tech jobs can be found coast to coast in places such as Detroit and Cleveland, employment is taking off in a handful of tech hubs that are giving stiff competition to more established tech centers.
And, a new report from TechNet and the Progressive Policy Institute (PPI) concludes that other up-and-coming technology will similarly challenge more traditional areas of digital innovation. TechNet CEO Linda Moore says, “Start-up culture began in the garages of Silicon Valley, but has spread nationally in hot spots such as Nashville, New Orleans, Denver and Charleston, S.C.”
CompTIA found, in its study on managed services last year, that “80-plus percent of MSPs said they lost at least one technician to an internal IT department in some industry, likely unrelated to the tech industry”
Concluding, the report points out that, with organizations from other industries desperately looking for talent to fill their open positions, they will naturally come looking to you for help. If you cannot win their business, they will try to steal your workers.
For more about the report from MSPmentor, please visit here.