masstlc truth behind talent crisis
TRANSCRIPT
©2012 MASSTLC ALL RIGHTS RESERVED.
The Truth Behind the Talent Crisis
PRELIMINARY SURVEY FINDINGS MASSTLC WORKFORCE SUMMIT
DECEMBER 11, 2013
©2012 MASSTLC ALL RIGHTS RESERVED.
Project Objectives
! Purpose – ID short/long-term solutions to address tech sector talent needs
! Develop insights around: – The extent of perceived talent crisis – How tech leaders are addressing it – Possible public-private interventions
! Participants – CXOs; Talent Directors; Hiring Managers – YOU! Please take 3-5 min to share your views!
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©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
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Startup (<$1M)
3% Small (<$5M)
17%
Medium (<$10M)
9% Large
(<$100M) 30%
Enterprise (>$100M)
44%
Company Size
Boston 19% Cambridge
12% 128
Corridor 37%
495 Corridor
20%
Outside Metro Region
12%
Company Location
President/ CEO/GM
62%
HR/Talent Acquisition
12%
Other Executives
14% Anonymous
12% Respondent Titles
CXO Respondent Company Demographics
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
0 2 4 6 8
10 12 14 16
*Other includes: Technology Recruiting, Research University, Consumer Internet, Clean Tech, Aerospace & Defense, Energy, IT Services, Finance, Semiconductor, Hardware
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CXO Respondent Demographics By Sector Note: data in this presentation is from the CXO group/survey
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
0
1000
2000
3000
4000
5000
6000
7000
8000
Open Global Jobs! Open MA Jobs!
Open Requisitions
All Open Jobs!CS Jobs!
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Non CS Jobs!51%!
CS Jobs!49%!
Total Employment CS Jobs vs Non-CS
CS jobs represent about half of the tech workforce and half the open requisitions
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
Cannot hire sufficient tech talent, period!!
Cannot find sufficient tech talent in local marketplace!!
Local schools are not producing sufficient tech talent!!
There is too much competition locally for tech talent!!
Talent exists locally but is too expensive!!
Strong competition for tech talent locally
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Strongly Agree!
Agree!
Neutral!
Disagree!
Strongly Disagree!
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
We hire recent grads primarily from top tier schools (ie, MIT, Harvard, Yale, etc.)!!
We hire recent grads from any quality programs (ie, MIT, WPI, UMass, Wentworth)!!
We hire recent grads from community colleges!!
We partner with schools to develop targeted training programs and look to hire those graduates!!
We look outside the region and/or in other sectors to find talent!!
Sourcing: Quality (77%); Outside (70%)
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Strongly Agree!
Agree!
Neutral!
Disagree!
Strongly Disagree!
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
Talent acquisition/retention is the number one barrier to company growth
Talent acquisition/retention is one of our top three barriers to company growth
Lack of financing/investment options is a barrier to company growth
Lack of reasonably priced housing for our employees is a barrier to company growth!
Lack of access to public transit options for our employees is a barrier to company growth
Growth: 76% say talent is a top 3 barrier
Strongly Agree!
Agree!
Neutral!
Disagree!
Strongly Disagree!
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©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
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PhD/Masters level computing/ engineering/programming skills are in greatest demand!!
Bachelors level computing/ engineering/programming skills are in greatest demand!!
Associates or community college level computing/engineering/programming skills are in greatest demand!!
Hybrid of computing skills with vertical business knowledge is in greatest demand!!
Non technical skills are in the greatest demand!!
Skills: 78% Bachelors; 67% Biz knowledge
Strongly Agree!
Agree!
Neutral!
Disagree!
Strongly Disagree!
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
We have no problem hiring student interns!!
We have no problem hiring recent college graduates!
We have no problem hiring talent with 3-5 years experience!
We have no problem hiring talent with 5-10 years experience!
We have no problem hiring talent with 10+ years experience!
Experience: interns (85%); recent grads (63%)
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Strongly Agree!
Agree!
Neutral!
Disagree!
Strongly Disagree!
CXO Survey Data
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
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We need to increase the number of high school students taking computer science classes!!
We need to address immigration reform to retain more highly skilled foreign workers!
We need to increase the number of college students retained in the region after graduation!!
We need to increase skills training for our current workforce!!
We need to increase the amount of talent we attract from outside the region!!
Increasing talent pool
Strongly Agree!
Agree!
Neutral!
Disagree!
Strongly Disagree!
85% 76% 85%
65% 76%
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential
Collaboration between industry and academia (adjuncts, interns, competitions, etc.)!!
Integration of computer science/ programming into grades 6-12!
How would you invest $100 million?
Marketing of Massachusetts outside the region to attract tech talent!
Improve skills training for your current workforce!
Transportation improvements to extend commutable !talent pool!
Increase availability of reasonably priced (market rate) housing units!
0
5
10
15
20
25
30
Mill
ion
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CXO Survey Data
©2012 MASSTLC ALL RIGHTS RESERVED. Preliminary Findings – MassTLC Confidential 13
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