The digital skills gap

With the skills gap across technology continuing to have an impact on those in the NetSuite community, we look at the impact the problem is having and how it affects organizations around the world.

Over two-thirds (69%) of hiring managers believe there is an IT skills gap in the NetSuite community, and 48% of those respondents say that the skills gap has increased in the last 12 months.

What is the biggest challenge you face in closing the digital skills gap?

Among those who believe there is an IT skills gap, 48% say that attracting talent with the right industry skills is their main challenge in bridging the gap.

Attracting candidates with the right skills for our industry is difficult

48%
Finding the right talent is time-consuming

44%
There is a lack of qualified/experienced candidates in the marketplace

39%
Technology innovation is outpacing skills development

28%
Too much competition for talent

25%
Over-inflated market rate for candidates

21%
Other

4%

To what extent is the skills gap affecting organizations’ strategic objectives?

8%
Extremely
46%
Considerably
39%
Moderately
1%
Slightly
4%
Minimally

How is the skills gap impacting on strategic objectives?

Increased workload of current staff 48%
Increased costs due to hiring contractors 38%
Less growth than expected 35%
Increased turnover (e.g., as a result of employee burnout or losing staff to competitors) 33%
Difficulty keeping up with demand for services 30%
Decreased profitability 25%
Missing project deadlines 19%
Other 1%

How are organizations looking to address the skills gap?

Building skills in-house

62%
Hiring new permanent staff

45%
Hiring contractors

32%
Not sure

10%

Need help navigating the hiring market in the ongoing skills shortage?

Finding NetSuite talent in the middle of a digital skills gap can be tough—but thankfully Anderson Frank is on hand to help you find your next hire. We have the largest database of NetSuite professionals anywhere across the globe, and can connect you with the world-leading professionals you need immediately.

Find your dream hire today with Candidate Search.

Conclusion

With two-thirds of hiring managers confirming that the digital skills gap is a problem, one that affects 50% of them significantly, it’s safe to say that it’s an issue that continues to dominate the ecosystem. As the platform continues to grow and bring value to more and more organizations, ignoring the gap is not an option.

The effect of not addressing it is self-destructive in many ways. Being unable to find NetSuite talent for your own team means existing employees are overworked and stressed, which tends to end up one way. People leaving your organization then puts more pressure on existing talent, which can strangle your business’s growth.

Closing the skills gap isn’t a short-term fix, nor is there only one solution. Whether you choose a contractor with the skillset to add immediate muscle as well as helping upskill your existing team, or helping to train them yourself (either internally or externally), the simple fact is that the skills gap is a problem affecting most of the community, and so fixing it will take a collective effort.

Our key findings report contains highlights from this year’s Careers and Hiring Guide, plus our salary tables allow you to compare your salary or benchmark your teams’ salaries no matter their role in the NetSuite ecosystem.

Download the key findings report