In 2008 Howard Schultz returned to Starbucks and steered it through the financial crisis. Last year, Schultz sat down with Inc.'s Lewis Schiff.View the video on Inc.com at: http://www.inc.com/lewis-schiff/howard-schultz-starbucks-founder-chief-executive-what-it-takes-to-win.html
Today, technological innovation impacts every industry, creating massive demand for employees with tech skills. But good candidates are notoriously hard to find, and universities just aren’t producing enough STEM grads.
Enter coding bootcamps: an alternative education model that offers a new way to satisfy the tech talent shortage. Does the rapid rise of these fast-track, high-impact courses indicate that employers now view them as a serious alternative to a traditional four-year computer science degree? And just how prepared are bootcamp graduates to compete for those highly paid tech jobs after only two or three months of training?
To find out the answers, Indeed conducted a survey of over 1000 HR managers and technical recruiters at US companies of all sizes. Here’s what they told us.
72% of employers think bootcamp grads are “just as prepared” to be high performers as degree holders
So just what do employers think about bootcamp graduates? It turns out that they hold them in pretty high esteem.
An impressive 72% of respondents consider bootcamp grads to be just as prepared and just as likely to perform at a high level than computer science grads. Some go further: 12% think they are more prepared and more likely to do better. By contrast, only 17% have doubts.
Little wonder, then, that 80% of respondents have actually gone ahead and hired a coding bootcamp graduate for a tech role within their company. Meanwhile, satisfaction levels are high: The overwhelming majority (99.8%) say they would do so again.
With attitudes as favorable as this, it seems undeniable that bootcamps are an idea whose time has come. So for job seekers with the skills and interest, coding bootcamp is “worth it.” But is the message getting through to candidates?
Applications from bootcamp grads are on the up
In fact, awareness of the opportunities provided by these courses is clearly spreading: 86% of respondents say that applications from bootcamp grads have gone up over the last few years. That’s not all: Since 2010, Indeed has seen a doubling of year-over-year growth of job seekers with bootcamp experience in our resume database.
But bootcamps can do more than just help narrow the supply-demand gap. A recent Indeed survey of diversity in tech found that 77% of respondents considered it “very or quite important” to have a diverse company. Here bootcamps can also play a role: According to respondents, 51% of surveyed companies said that hiring bootcamp grads is a good way to help job seekers from underrepresented groups find work in the technology sector.
Some bootcamps, such as Ada Developers Academy, are designed specifically to address tech’s lack of diversity. Ada’s tuition-free model offers 6 months of full-time classroom training, followed by five months in a paid industry internship at a top employer.
Meanwhile, half of respondents (50%) said they were a good way to retrain workers who either don’t have college degrees or those who have lost jobs and could benefit from re-training.
Yes, employers like bootcamps — but 98% want more oversight
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