America's got talent, but not enough IT talent

U.S. colleges and universities are churning out more than 40,000 graduates in computer and information sciences each year, according to the National Center for Education Statistics. Apparently, it’s not enough.

In a new CFO Research survey, conducted in collaboration with RSM, 49 percent of senior finance executives at middle-market companies say their businesses are being adversely impacted by their ability to attract and retain qualified technology talent.

Within that group, these executives say the business functions most severely impacted are operations (cited by 64 percent of those reporting talent woes), finance (36 percent), and IT (36 percent). Clearly, the fallout from the talent shortfall extends far beyond the IT department. (Chart shows business functions most severely impacted by a technology talent shortage.)