Software engineers and IT pros are in high demand.
The International Data Corporation (IDC) has predicted a global shortfall of 4 million developers by 2025. This fierce competition makes talent development mission-critical.
Help software engineers and IT pros (“technology pros” for the purposes of this report) gain both hard and soft skills, and your organization will retain them and grow them into leaders who will advance your business.
The skills required for many jobs have changed by 25% since 2015, and that number is expected to reach at least 65% by 2030, according to LinkedIn's latest report on AI at Work.
Training your talent on emerging technology and new skills will help your company and your employees keep pace — and will attract and retain the employees who will drive your business.
And although compensation has long been the top-ranked factor in attracting and retaining technology pros, today career development is just as important.
89% of L&D professionals agree that proactively building employee skills will help navigate the future of work, according to LinkedIn’s 2023 Workplace Learning Report.
“The average shelf life of technical skills is 5 years, and the average shelf life of deeply technical skills is 2.5 years. We need to be thinking about holistic, continuous development, especially for our technical talent.”
Investing in soft skills such as communication, teamwork, and problem solving creates well-rounded, agile employees. This holistic approach to skilling increases retention, helps employees develop their careers, and helps companies meet and exceed financial targets.
These tech employees are not only doing great work today — but have the skills to lead teams, solve complex problems, and make a bigger impact on your business tomorrow.
LinkedIn platform data sheds light on just how powerful holistic upskilling that leads to internal advancement can be:
Building soft skills leads to over 13% faster advancement
Technology pros who have developed one or more of these soft skills — Communication, Teamwork, Problem Solving, or Leadership — in addition to hard skills get promoted over 13% faster than employees who have only hard skills.
Courses unlocked through December 31, 2023.
Doug Conant and Amy Federman
About 51% of U.S. executives are excited about AI advancements, but do not yet know how they will leverage AI tools and skills, according to LinkedIn's latest report on AI at Work. However, they are confident this new technology will increase productivity and even unlock some revenue opportunities.
And a recent survey found that workers across generations would “rather undergo training to reskill for a new role at their current company than pursue a different position if their job was at risk.”
"Businesses need new skills at a rate faster than I’ve ever seen before — which means they need to help their employees evolve via upskilling and internal mobility. In years past, companies might have relied more on talent acquisition to “buy” the new skills they needed, but that strategy no longer works in isolation for today’s labor market and business environment."
The analysis on skills leading to advancement examines the aggregated and anonymized LinkedIn data from members employed full-time who added skills explicitly to their profile and were promoted internally between July 1, 2019, and June 30, 2023. As defined by LinkedIn Taxonomy, soft skills primarily affect a person’s behavior, thinking, or knowledge while hard skills primarily affect an object and include specialized domain knowledge and technical know-how. The time to promotion is measured by the difference in the start dates between an employee’s previous role and the role they were promoted into.
Additional resources to help you drive upskilling and career development for tech pros