November 18, 2013, 10:35 AM — In an economy marked by conflicting indicators, technology companies are looking to hire more employees over the next year, but worry that there will not be enough qualified candidates to fill the vacancies, according to a new survey from the trade group Technology Councils of North America.
TECNA's poll of more than 1,700 technology executives highlighted the contrasting views of the business climate that have marked the shaky economic recovery. Broadly gauging sentiment about the overall business conditions today, the survey reported a score of 56.4 on a 100-point scale, up from 46.3 a year ago. At the same time, respondents cited a lack of confidence and economic paralysis as the biggest impediments to business activity.
"Mixed economic messages have been the pattern for several years now. A few indicators will show positive improvement, while a few will show weakness," says Bob Moore, TECNA's executive director.
"Consequently," Moore adds, "it can be difficult to reconcile conflicting signals."
Where Are All the Tech Pros?
Amid that tepid optimism, tech leaders fret over shortfalls in the talent pool that could stall their hiring plans. Sixty-three percent of respondents said that they intend to add staff in the next 12 months. That figure was even higher among executives at small and midsized business, segments in which more than 70% of respondents are looking to expand their workforce.
But 69% of the respondents bemoaned a "shortage in the quantity and quality" of workers with technology skills.
The results of the survey come as the latest argument advanced by tech sector groups in favor of policies to boost the labor force, including efforts to further education in the STEM subjects of science, technology, engineering and math, and reforms to the immigration system to bring in more skilled foreign workers.
Moore stresses his group's support for comprehensive immigration reform, "in particular the high-skilled aspects that increase H-1B visas for STEM workers."