"You need to be investing in educating and growing the talent you've got — that will pay off for you down the road, instead of putting all your eggs into the hiring basket," says Sani.
For more information on building a culture of learning read, How to Build a Culture of Learning (and Why You Need to)
Not Paying Enough to Compete
Cappelli's research also uncovered an interesting trend. In the Manpower survey, for example, when asked what was driving the shortfall of applicants for available jobs, almost 20 percent of respondents say that the job seekers were not willing to accept positions at the rate of pay being offered, yet only five percent report that they were planning to raise pay in order to deal with difficulties in hiring.
"It's not 2008 anymore. Businesses have to wake up and realize if they want to get talent with these in-demand, hot skills, they're going to have to pay the market rate, which has increased," says Leung. In Silicon Valley, the Pacific Northwest and other tech-heavy cities, software engineers and developers are demanding top dollar — and they're getting it because smart, innovative companies understand the need to pay a premium for these skills. "If you're not willing to pony up, you're going to lose out," says Leung.
Exacerbating the Problem Through Outsourcing and H1B
The demands from companies to hire talent using H1-B visa quotas are just exacerbating the skills mismatch problem, according to CareerGlider's Sani.
It's great you've got someone there to do the job and solve the short-term problem but what then? "One of the issues is bringing in external talent that can get a warm body in a seat, but then you're not able to promote, you're not able to grow that talent — it's a temporary fix. Why not invest in training and education for the talent you've got here at home instead?," says Sani.
Organizations that go this route aren't helping fix the skills gap problem if they're not looking internally at how they can grow their own much-needed talent skills.
Look Within to Bridge the IT Skills Gap
If your business is struggling to fill open positions, it's tempting to lay blame at the feet of candidates, or to assume that the "invisible hand of the market" is responsible. However many times those excuses don't hold up under close scrutiny. If you want to attract and retain great talent, it's up to you to take the first steps.
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