Tag: tech talent

Great Resignation tech firmas are gettind desperate itj

Great Resignation: Tech firms are getting desperate

Posted on | by TeresaPenafiel | 4 Comments on Great Resignation: Tech firms are getting desperate

Recruiting new employees has never been more difficult or expensive.

A Gartner research found that just 29% of worldwide IT professionals have a “strong intent” to stay in their present positions. Undoubtedly, it becomes evident that the skills shortage is destined to become worse before it gets better when you multiply that issue across different tech positions.

Employers now find it hard to replace the wave of workers who quit in the Great Resignation, which started last year and hasn’t ceased. Statista reports that the number of workers departing in the US has now eclipsed pre-pandemic highs for 8 consecutive months. Due to this widening disparity between demand and supply for tech professionals, firms are now forced to use extraordinary incentives to attract as many of these individuals as possible, but this shouldn’t be the only solution.

Reframing The Great Resignation

Discussion about the Great Resignation has centered around the negative, but what about the present? 

Demand for Flexible Work Has Increased

The pandemic forced a change in the way we work, the likes of which have never been seen before. Workers who had previously been denied remote employment options and flexible work schedules have had a taste of the brave new world. 

Companies that have attempted to force employees to come to the office or workplace have faced a huge backlash, especially when workers believe they can do their duties just as effectively from home. For this reason, hybrid and remote working adoption are the best alternatives. 

Instead of going against the current, take advantage of it.

A major reset

Despite what some may think, as we’ve already mentioned, all is not lost. Many chances may be seized by pausing to consider the “why” behind The Great Resignation and using it as a model for change.

First, we must acknowledge that a new assessment of work is long required. Henry Ford popularized the idea of an eight-hour workday and a forty-hour workweek in 1926. He understood that in order to find applications for and learn about consumer goods, individuals needed to have enough free time. The concept was that downtime should not be considered “lost time” or even a “class luxury” but rather an essential component of daily life and work. The fact is that workers who participate in The Great Resignation don’t necessarily leave their jobs altogether. Instead, people are making efforts to discover occupations and employment that will improve their quality of life and work-life balance. On a broad scale, it is up to employers to meet workers where they are and work with them rather than against them.

Think outside of the border

An ecosystem of specialized companies that are located on both sides of the border is a solution for the tech talent shortage issue. Mexico has the same drive to boost its innovation and tech hubs across different industries and different companies. Nearshoring is a pretty good option.

BOT (Build, Operate, Transfer) model, a model of contracting and then owning a qualified and trained team to operate at fulfilling capacity strengths. More and more companies around the world are coming to know all the advantages they get from adopting a BOT model.

Adopting the Hybrid Work Model

It’s crucial to remember that merely giving this concept lip respect won’t be enough to make it stick. Organizations must establish highly specific policies and support for these models, allowing workers to choose whether they want to work on-site or remotely. Transparent policies and procedures that outline workers’ positions and the parameters in which they have discretionary authority are the first steps in achieving this.

The battle over a dwindling talent pool is getting more heated, and our assumptions as employers must change. Great IT experts and developers can occasionally be found all over the world, and by leveraging them effectively, you can get the most from them.

At this moment, hiring excellent tech talent would seem to be the ideal option, but because the tech environment is changing so quickly that we frequently can’t keep up with it, the best course of action would be to adapt and optimize. Don’t hesitate to contact us to help you get the best software teams in the Americas.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

tech hubs, tech talent, tech in Mexico ITJ

3 Facts That Make The Tech Scene In Mexico A Promising Paradise

Posted on | by TeresaPenafiel | 3 Comments on 3 Facts That Make The Tech Scene In Mexico A Promising Paradise

Formerly renowned for its maquiladoras, low-cost assembly facilities, and affordable exports, Mexico is currently regarded as having the most promising tech scene in Latin America as a result of technological investments.

As one of the greatest economies in the world, Mexico is predicted by financial experts to enter the top 10 in the next few years. Indeed, by 2050, Goldman Sachs predicts that Mexico’s economy will rank as the world’s fifth most prominent.

Mexico is making good progress toward achieving its goal of becoming a major world power, and here are the 3 facts that make the tech scene in Mexico a promising paradise:

1. Mexico’s Tech Hubs

Mexico was the first nation in Latin America to enact legislation governing the fintech industry. Meaning a law that prevents money laundering and corruption was enacted. Also, the law dispels misconceptions about cryptocurrency and crowdfunding technology. Now, because of the significant yearly expenditures made in the technology sector, Guadalajara, Monterrey, and Mexico City now have stronger tech ecosystems than the rest of the country.

There are now 238 new fintech companies operating in Mexico, a 50% increase from 2016. With this statistic, Mexico surpasses Brazil, which typically dominates Latin America’s IT industry. Mexican fintech has advanced due to a number of variables, including the country’s expanding economy, low banking penetration, and an undeveloped lending system.

2. Mexico’s Tech Talent

It is no secret that engineers graduate at a higher rate in Mexico than in the US. 

Mexico’s top institutions are working hard to provide the skills the country needs to grow its digital sector. Indeed, three million individuals are enrolled in school in a nation where more than 33% of the population is under 25. And more than 160,000 new specialists in computer science graduate from universities in Mexico each year. 

Mexico is making great progress toward achieving its goal of becoming a major world power and dominating most of Latin America’s digital sector in the next few years thanks to a youthful, particularly related mass that is migrating to the middle class.

3. Mexico as a Start-up Accelerator

Successful businesses are being produced through accelerators in Mexico. The 500 Startups: Latam initiative offers investment and mentoring to Latin American startups, so they expand their companies across a range of sectors. So far, startups that have completed the accelerated program have earned more than $300 million in capital. Additionally, there are now 45 active funds, and the number of companies is rapidly increasing. Over the next ten years, Mexico’s IT economy will surely be one to watch.

In conclusion, one of Latin America’s burgeoning digital powerhouses is Mexico. More multinational businesses seek south of the border every year to accomplish their business objectives thanks to the elements that make up Mexico’s tech sector, which combine to form the ideal balance.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

Tech hiring is still outrageous ITJ article

Tech Hiring Is Still Outrageous

Posted on | by TeresaPenafiel | 1 Comment on Tech Hiring Is Still Outrageous

Anxiety rises as each day brings news of a tech business or startup laying off staff or putting recruiting on hold. Nowadays, the job market for technology businesses and people with high-tech skills is in flames and is expected to remain so.

Currently, the unemployment rate for high-tech occupations in the United States ranges from low to non-existent. In addition, their hiring spree is otherworldly. These are exciting times for data scientists, Java developers, and cloud computing gurus. For the firms who are interested in hiring them? Not at all.

According to a research of over 4,000 information technology leaders conducted by Harvey Nash Group Ltd. and KPMG LLP, the IT skills crisis has been the worst since right before the Great Recession of 2008. Consequently, the market for tech expertise and workers of all sorts at digital organizations is so competitive that even job recruiters are constantly being headhunted.

There are two major reasons why professionals are still in high demand, according to the NYT: there has been a long-term trend of corporations seeking to hire more tech workers and the number of skilled individuals has not kept pace. Furthermore, recruiting at many technological firms is still catching up from the early months of the pandemic, when many companies stopped hiring or fired off employees, only to have to hire staff members when their companies did not collapse.

How to cope with this shrinking tech talent pool? Adopt a digital transformation business model, regardless of your industry. 

The silver lining is that by using cloud, agile, scrum, and lean manufacturing strategies, businesses are bettering themselves and, as a result, becoming the greatest alternative for candidates.

If you are interested in learning more about digital transformation for your company, this article can be helpful: Using cloud to accelerate customers’ digital transformation.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.