As years fly by we rarely think about what’s coming. Soon the entire IT sector will need to take a breather and think about its future.
May IT sector be in trouble?
As it turns out we are about to enter the era of a major senior talent shortage. The majority of elder employees, usually born during baby boom after WWII, are said to be leaving.
The number of people in their pension age is to rise from almost 4 million to 14 million by 2020, whereas the number of younger potential employees fell by 700,000 according to Ros Altmann, who is the Pension Minister in the UK.
Why is this such a problem?
Employees retire, which creates a skills gap. In the IT industry this very gap is quite noticeable. However, this is not the end, since many of the baby boomers plan to step down even earlier. Tech specialists decide to do so, due to the fact that they experience huge pressure and work in a stressful environment on a daily basis.
This is why, the industry should introduce precautions and all the possible measures to make them want to stay.
There are already changes to be made.
Senior staff is already able to work flexible hours, with the possibility of remote working. They can adjust their careers to fit into their schedule, so they can take care of their families or meet medical appointments. Also, there is focus on changing the perception of these senior workers.
Rumour has it they are to become mentors for younger employees, sharing their experience and knowledge, and introducing them to the ever changing IT market trends.
The IT industry is without a doubt in a tough situation and if something isn’t done, precious talent may go to waste. Only time will show how this problem will be solved.