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Break Down The Barriers Report: Microsoft Launches New Research

Robyn Foyster by Robyn Foyster
23 August 2023
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A new report shows that we need to tap into a more diverse pool of employees to address the tech skills shortage.

Microsoft’s report, Break down the barriers, developed by Accenture, shows how important it is to unlock a more diverse talent pipeline. This includes women, people living with a disability and First Nations people.

Yet 90 per cent of ads for STEM roles still require a bachelor’s degree or higher. This means many companies overlook historically under-represented groups and the value they bring to businesses.

The report has set a target for organisations to hire 20 per cent of early-career tech workers through alternative pathways by 2030. This would unlock an more 31,000 workers from diverse backgrounds and have a significant impact on business performance and Australia’s economic outlook.

Key findings and highlights :

By increasing support for alternative employment pathways into Australia’s technology sector could help close the talent gap and unlock a potential pool of 1.1 million workers.

By hiring 20 per cent through alternative pathways, the impact on business performance and Australia’s economic outlook include:

😍 Five times more applicants for each advertised tech role, expanding the talent pool $250 million in more tax revenue for the government as Australians shift to more productive segments of the economy

😍 Businesses can increase worker productivity by 14 per cent, save $800,000 from improved retention rates, and grow annual revenue by $2.3 million.

Tags: newstechnology
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Robyn Foyster

Robyn Foyster

A multi award-winning journalist and editor and experienced executive, Robyn Foyster has successfully led multiple companies including her own media and tech businesses. She is the editor and owner of Women Love Tech, The Carousel and Game Changers. A passionate advocate for diversity, with a strong track record of supporting and mentoring young women, Robyn is a 2023 Women Leading Tech Champion of Change finalist, 2024 finalist for the Samsung Lizzies IT Awards and 2024 Small Business Awards finalist. A regular speaker on TV, radio and podcasts, Robyn spoke on two panels for SXSW Sydney in 2023 and Intel's 2024 Sales Conference in Vietnam and AI Summit in Australia. She has been a judge for the Telstra Business Awards for 8 years. Voted one of B&T's 30 Most Powerful Women In Media, Robyn was Publisher and Editor of Australia's three biggest flagship magazines - The Weekly, Woman's Day and New Idea and a Seven Network Executive.

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