Recent accounting-related legislation is having a significant impact at a time when the pool of qualified prospects is declining due to the 150-hour rule instituted by most states. As a result, many hiring managers have more work than they can handle with current staffing levels and cannot find enough capable new hires.

With experienced IT workers retiring and too few highly skilled workers to replace them, training and retention efforts will be critical. Businesses need to move immediately to search for and screen qualified applicants, and technology professionals with the right skill sets will be well positioned to capitalize on emerging opportunities.