In October 2020, the Ukrainian IT industry could have received less than US$12 million over a lack of qualified specialists.
According to the research, the demand for specialists in the IT sector has grown by 50% compared to the previous quarter. Over the past five years, the number of open positions has been growing by about 30% annually, as reported by ITC with reference to a study by GlobalLogic.
Research says the market is experiencing shortage of qualified employees since the number of specialists is growing annually by only 18%.
750+ open vacancies / GlobalLogic
The reasons for such shortage include the need for systematic training and the difficult process of finding the right specialists. At least nine candidates must be considered per position. It is also noted that large investments are required for internal training for employees to develop their hard and soft skills.
The highest demand for IT specialists is seen in the capital city of Kyiv – it is for the capital that half of the general vacancies are posted. Another 27% of positions are open in the city of Lviv, and 21% in the city of Kharkiv.
What's happening in IT industry
According to the research by DOU, a web portal on the IT industry, the number of vacancies at jobs.dou.ua, a job search service in the IT sector, increased by 21% in June 2020 against May, from 3,506 to 4,245.
As of July 16, 2020, about 52.6% of Ukrainian IT specialists were preparing or thinking about labor migration to other countries, and only 8% had no plans to leave the country.
On July 21, 2020, Ukraine started accepting applications for labor migration permits from foreign IT specialists within the framework of the national program for attracting foreigners to the development of the Ukrainian IT sector.