We have known about the tech talent shortage for quite a while now. But recent studies suggest that it might be far worse than anyone expected.
According to a recent survey of over 3,000 technology leaders, a staggering 65% stated that hiring challenges hurt the industry. As a result, you can expect a significant impact on innovation and the industry’s ability to scale.
The tech talent gap is bigger than any specific role. This is because the skills shortage isn’t limited to the technology sector. The shortage is experienced across industries.
While corporate giants have the resources to poach the best minds in the business, the rest of us have to contend with a fiercely competitive job market.
So what do startups and SMEs do to ensure business continuity and relevance?
Companies can attempt to fill the talent gap by investing in their employees. They can also target universities and get a commitment from future software engineers before they graduate. They can also offer these individuals internship opportunities to get them in through the door.
Another option is to run hackathons to identify individuals with the talent and skill sets, but not necessarily the required experience.
These are, of course, long term solutions. In the short term, enterprises can outsource their immediate development needs. One way to do this is by offshoring development to established technology hotspots in Eastern Europe and South Asia.
However, this approach will come with the challenges related to significant time differences, language barriers, cultural barriers, and more. That’s why more and more companies are starting to nearshore their development needs to Mexico.
STEM Education Drives the Technology Industry Forward
For decades, Mexico has been a valuable outsourcing partner for North American manufacturers. As a result, Mexico might not be the first nation that comes to mind when it comes to software development (but it should).
For years, Mexico has been growing consistently to become a powerhouse within the technology field. This is because the government has invested heavily in areas such as Science, Technology, Engineering, and Mathematics (STEM).
According to David Williams, Director of Organizational Development at Quanta Services, “the United States has become a global leader, in large part, through the genius and hard work of its scientists, engineers, and innovators. Yet today, that position is threatened as comparatively few American students pursue expertise in the STEM fields – and by an inadequate pipeline of teachers skilled in those subjects. Only 16% of American high school seniors are proficient in mathematics and interested in a STEM career. Even among those who do go on to pursue a college major in the STEM fields, only about half choose to work in a related career.”
The Mexican government’s investment in STEM fields has been fruitful in regularly producing computer science and engineering graduates. In fact, thousands of IT professionals graduate every year from leading institutions in the country.
STEM Education Consistently Produces Top Tech Talent
The government also continues to promote STEM education programs, so enrollment continues to increase in computer science-related fields (much more than in the U.S.). The government is also now actively encouraging female students to enter STEM-related fields.
In fact, this has resulted in strong technology hubs in cities like Guadalajara. So you can bet that these highly skilled software developers are on par with Silicon Valley-based developers. In some cases, they are even better than their counterparts north of the border.
At the same time, Mexican software engineers make four times less than their counterparts in tier-two cities in the United States. This makes nearshoring your development needs to Mexico a highly cost-effective approach that guarantees quality.
Top technological expertise that Mexico is known for:
- Internet of Things (IoT)
- Mobile Development
- Web Development
Intersog is a leading nearshore and offshore software development provider. We are in the business of helping you achieve the highest possible value from your outsourcing investment.
When you partner with us, we will work closely with you from concept to deployment to ensure that you have the best minds working on your project to deliver high-quality products on time and on budget.
If you have any questions about nearshoring your next development project to Mexico, reach out now!