Today the ACAlliance released part one of a two-part national survey on skilled immigration. The poll— led by Dartmouth Business School Dean Matthew Slaughter— surveyed 400 American business managers and executives directly involved in their company’s hiring processes.
Respondents report that there exists an unequivocal shortage of STEM and IT skills in the U.S., such that they are spending increased sums every year in a struggle to identify and recruit domestic talent. Meanwhile, the costs of hiring often U.S.-educated but foreign-born professionals— doctors, programmers and scientists— are too high for most of them to afford. This leaves American businesses at a critical crossroads wherein they cannot access the specific talent they need to grow.
Key takeaways include:
- 8 in 10 executives report their company is investing more in STEM recruiting as a result of IT hiring challenges;
- 82 percent of business professionals report hiring a skilled foreign worker costs as much or more than hiring a U.S. worker;
- 3 in 4 professionals say the costs associated with sponsoring and complying with the H-1B visa program are already too high for most American companies.
A slideshow depicting these data can be found below.