Traditional companies with internet divisions could have a head start in recruitment over the average dot.com.
According to a recent report in the New York Times, the recent wave of dot.com failures means that start up companies are no longer able to lure prospective talent to work for low salaries, in exchange for stock options and promises of being in on a revolution.
And the pool of talent they’re drawing from is shrinking. UK government surveys indicate that there is a current shortage of at least 100,000 IT workers in the country. IDC, the international research organisation, predicts that across Western Europe, the shortage will rise to 1.7 million by 2003.
Industry has been criticised for not acting to improve the situation by investing enough in training. Speaking to silicon.com, Bill Mather, CEO of TS2K, a government backed training initiative, said industry was more guilty of failing to address the UK skills gap than the government.