Tech companies are shifting to low-code developers to solve the talent gap

Tech companies are shifting to low-code developers to solve the talent gap
  • Home
  • Articles
  • Tech companies are shifting to low-code developers to solve the talent gap

Management consulting company Gartner said that as many as 37.4 million people are expected to quit their jobs in 2022. Many of those are Millenials and Gen Zers. 

Meanwhile, Los Angeles-based management consulting firm Korn Ferry stated that a projected human talent shortage of 85 million people could result in about $8.5 trillion in unrealized annual revenues by 2030.

The stakes are higher within the tech industry as companies move to digitize and prepare their systems for the future. The answer? In-house upskilling and reskilling, as well as other non-traditional approaches to finding new talent such as hiring low-code developers.

Low-code development to the rescue

With the scarcity of skilled developers, more organizations are turning to low-code software development. This refers to tech analysts with little formal coding experience in developing applications.

Just last year, the global market for low-code development technology hit $13.8 billion in revenue. By 2023, low-code development is expected to be adopted by more than half of all medium- to large-sized companies as it grows by over 20% annually.

Though a bit underwhelming in name, Adam Glaser, Senior VP of Engineering in cloud computing company Appian, said that low code development has its benefits. For one, low-code applications can evolve quickly as they can be customized by every user.

It is also great to accelerate the release of any business app. Forrester Research said that 30% of the professional developer community uses low-code in some form to create apps in a short period.

For low-code developers, this field gives them a competitive salary with less training time. 

Low-code developers can also get a competitive salary with less training time. 

According to the company review website Glassdoor, the starting salary for low-code developers falls around $100,000. Appian added that more low-code users earn base salaries of $100,000 or more compared to high code-only developers. 

“…Even how low-code apps get used within different major financial services organizations varies widely,” Glaser said. 

“One uses it to power a call center. Another uses it for their credit card registration system. Another uses it for fraud detection. And another uses it for know-your-customer applications.”

Read more here.

Start your
journey today

  • Independent
  • Secure
  • Transparent

Access fantastic talent at world-leading prices

Scale your business fast while reducing costs —
the average all-in employment costs in the
Philippines are typically 70% less than its
Western counterparts

Philippines United Kingdom Australia United States
Software Developer
$7,221
$39,913
$62,653
$81,994
HR Manager
$9,506
$46,669
$66,518
$78,007
Team Leader
$7,152
$31,174
$45,428
$75,823
Accountant
$5,959
$58,479
$67,190
$72,923
Copy Writer
$4,767
$52,088
$56,600
$62,653
Customer Service
$3,337
$22,137
$29,717
$35,275
Virtual Assistance
$2,285
$39,066
$42,240
$31,797
Select a role to view salaries
Philippines $7,221
United Kingdom $39,913
Australia $62,653
United States $81,994

Avoid guesswork. Talk to the experts, free.

Get 3 free quotes

You can save 70% on staff costs, whilst driving quality & growth. Connect with an outsourcing expert to see how outsourcing can transform your business.

Why choose us?
  • Independent and unrivalled expertise
  • We carefully match you from 4,000+ leading suppliers
  • Access to Outsourcing Savings Calculator & Report

Get Started

How many staff to outsource?

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 4,000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.