MassTLC Truth behind talent crisis

©2012 MASSTLC ALL RIGHTS RESERVED.

The Truth Behind the Talent Crisis

PRELIMINARY SURVEY FINDINGS MASSTLC WORKFORCE SUMMIT

DECEMBER 11, 2013


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


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


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


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

6

Strongly Agree!

Agree!

Neutral!

Disagree!

Strongly Disagree!


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%)

7

Strongly Agree!

Agree!

Neutral!

Disagree!

Strongly Disagree!


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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9

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!


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%)

10

Strongly Agree!

Agree!

Neutral!

Disagree!

Strongly Disagree!

CXO Survey Data


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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%


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

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MassTLC Truth behind talent crisis