A recent article in the New York Times once again draws attention to the challenge CIOs and IT leaders face as they work to implement new initiatives that support emerging technologies. That is, there simply are not enough skilled technology workers to meet growing demand.
As the article Companies Say Trump is Hurting Business by Limiting Legal Immigration points out, the Trump administration’s proposal to reform immigration policy, particularly the H-1B visa program is only exacerbating the employers’ challenge. There are also new efforts to limit legal arrivals from foreign nations by denying visas, seeking more information from applicants, and delaying approvals. Key points from the article include:
- Executives are worried about the long-term impact of losing talented engineers and programmers to countries like Canada that lay out a welcome mat for skilled foreigners. An initiative that began last year, Canada’s Global Talent Stream lets companies in innovative fields like AI quickly secure visas for workers with vital skills.
- Businesses say all the red tape makes it harder to secure employment-based visas, adding to the difficulty of finding qualified workers with the unemployment rate at 3.9%.
- Experts say a sustained reduction in immigration could dampen growth over time as more baby boomers retire, leaving big gaps in the job market.
- The Business Roundtable, a group of CEOs from some of the nation’s leading companies, recently wrote to the Secretary of the Department of Homeland Security about changes in immigration policy causing anxiety for employees while threatening to disrupt company operations.
- Inconsistent government action and uncertainty undermines economic growth and American competitiveness.
In providing strategic advisory support to our clients, the overwhelming reaction to proposed immigration reform has shifted to managing risk and uncertainty. Companies that have relied heavily on contractors who require visa sponsorship often are supporting highly technical or specialized projects. They pursued different avenues to engage resources to meet their needs because they were not able to find the talent locally. Now the issue is while they still have to get the work done, a new risk is introduced that has to be managed and there still is not enough talent. And it doesn’t seem that it will be resolved in the foreseeable future at least for such highly sought-after skill sets like software developers. The Bureau of Labor Statistics projects employment of software developers to grow 24% through 2026, faster than the average for all occupations. For one role, application software developer, the BLS projects that there will be more than a quarter of a million vacancies by 2026.
So, where do we go from here?
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