Retiring baby boomers creating high tech talent crisis

Stuart Corner
Monday, 02 July 2007 07:29

IT Industry - Market

CEOs are also casting a global net in their search for new talent. "In their quest for scarce talent, more and more fast-growth technology companies are extending the search beyond their national borders. Nearly half (45 percent) of the surveyed CEOs rate overseas talent as 'critical' or 'very important' to growing their business."

And they are also moving the jobs to where the skills are. More than 40 percent of the Deloitte Technology Fast 500 companies in the United States and Asia Pacific have already moved some of their operations offshore - and the surveyed CEOs expect that figure to exceed 50 percent in the next five years.

This year, 546 CEOs from around the world participated in the global survey, with significant representation from every region. The survey addressed the full range of business challenges, from strategy and marketing, to operations and finance. It also looked at the growth prospects for individual companies and the economy overall- including an assessment of the market's hottest growth areas over a one-year and three-year time horizon.