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Competition for tech talent is fierce. Is the trend temporary?

Jennifer Van Grove, The San Diego Union-Tribune on

Published in Science & Technology News

NO: The Bureau of Labor Statistics projects that employment in computer and information technology occupations will grow 11 percent from 2019 to 2029, much faster than the average for all occupations. BLS also projects that the occupations of computer and information research scientists and information security analysts will experience even faster growth. With strong demand for tech talent over the next decade, employers will be under pressure to offer more attractive compensation and employment terms.

Ray Major, SANDAG

NO: This trend will be with us for the foreseeable future. As the economy continues to advance and become more technology-driven, the demand for technical positions will continue to outpace the supply of technically proficient candidates in innovative areas like drone technology robotics, AI and biotech. Talented employees will write their own tickets as employers roll out creative offers, perks, and signing or retention bonuses to lure the best candidates.

Lynn Reaser, Point Loma Nazarene University

NO: At least for some time, competition for various IT specialist categories will remain intense. Demand will continue to climb as more advanced technology extends through all economic segments and aspects of society. As awareness of the opportunities grows, more people will pursue technology degrees and schools will expand their programs. This will take time. In the near term, science, technology, engineering, and mathematics (STEM) skills remain subpar and foreign visa restrictions will limit international talent sources.

 

Kelly Cunningham, San Diego Institute for Economic Research

NO: At least for the foreseeable future, demand for engineering jobs and wage growth will be much stronger than average. Unlike other job sectors, engineering jobs were barely impacted by the pandemic shutdown, and have since more than rebounded to record levels. Engineering jobs in San Diego are anticipated to grow twice as fast the next ten years as other jobs, with wages more than double the countywide median according to California Employment Development Department projections.

Phil Blair, Manpower

YES: Talent at any level will always be as a result of supply and demand. Hot new skills that few people have will drive salaries up dramatically. Even causing bidding wars. It doesn't matter if it is white-collar or blue-collar, or anything in between. Our obligation to ourselves is that we keep our skills and talents up to the highest standards we can. This usually involves lifelong learning in every occupation.

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