How have the talent dynamic in the tech industry changed?
Over the years the talent dynamics in tech have changed considerably. There is a gap between available talent and the demand for talent with a particular skill set. According to a survey conducted by McKinsey, 3.5 million job postings in these tech trends of the skills in greatest demand have less than half as many qualified practitioners, for each posting as the global average. According to the report, “In the coming decade, 20 to 30 percent of the time that workers spend on the job could be transformed by automation technologies, leading to significant shifts in the skills required to be successful.” Job postings in fields related to tech trends grew 15% between 2021 and 2022 even though overall global postings decreased by 13%. Applied AI and next-gen software development collectively posted over one million jobs between 2018 and 2022.