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2022 | OriginalPaper | Chapter

9. Human Capital, Labor Market Outcomes, and Skills Gap in the ICT Sector

Author : Monzur Hossain

Published in: Digital Transformation and Economic Development in Bangladesh

Publisher: Springer Nature Singapore

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Abstract

This chapter assesses the human capital and skills gap in the ICT sector in Bangladesh. Currently, the estimated number of IT professionals is about 0.30 million, which is expected to reach 0.44 million in 2025. The current rate of supply of IT graduates, which is over ten thousand, may not be enough to meet the demand of the IT industry in the next five years or so. Moreover, a substantial proportion of IT graduates lack the required skills. The skills gap in the sector impedes the industry’s expected growth and foreign investments in the sector. Establishing some centers of excellence in IT education, strong industry-academia linkages, and public–private partnership in IT human capital development programs may unlock the growth prospect of the IT sector and digitalized economy.

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previous chapter Cluster-Based ICT Industry Development in Bangladesh: National and International Perspectives
next chapter Transformative Impact of Digitalization on Selected Sectors
Footnotes
1
Of the surveyed firms in 2020, 58% were the same one we surveyed in 2009. Therefore, including the newly surveyed firms, the ownership pattern of the ICT industry, remained almost unchanged.
 
2
The export volume for 2019–2020 is not included as there has been an unusual fall in exports due to the unforeseen circumstances of COVID-19.
 
3
The estimates of the projected IT professionals are based on information provided by the industry associations. No database of professionals is available based on an in-depth survey as of yet.
 
Literature
ADB. (2019). Bangladesh: Computer and software engineering tertiary education in 2018. Asian Development Bank.
BIDS Survey. (2009). Assessment of the impact of clustering on IT industries. Bangladesh Institute of Development Studies (BIDS).
BIDS-SEIP Survey. (2020). Labor market study for skills for employment investment project (SEIP)—IT sector. Bangladesh Institute of Development Studies.
Capelli. P. (2015). Skill gaps, skill shortages, and skill mismatches. Industrial and Labor Relations Review.
Hossain, M. (2016). Labor market and skills gap in the ICT sector in Bangladesh. In BIDS study report: Labour market and skill gap in Bangladesh (Macro and Micro Level Study). Dhaka. Skills Employment Investment Program, Ministry of Finance, Government of Bangladesh.
Hossain, M., Shinkai, N., Yunus, M., & Bakht, Z. (2012). Integration of ICT industries and its impact on trade and market access: The case of Bangladesh and India. In Rahman, Brunner and Khatri (Eds.), Regional integration and economic development in South Asia. Edward Elgar.
Hossain, M., Chowdhury, T. T., & Shashi, N. A. (2022). Analysis of skills gap in the ICT sector in Bangladesh. Bangladesh Institute of Development Studies, Unpublished.
Metadata
Title
Human Capital, Labor Market Outcomes, and Skills Gap in the ICT Sector
Author
Monzur Hossain
Copyright Year
2022
Publisher
Springer Nature Singapore
Book
Digital Transformation and Economic Development in Bangladesh

Print ISBN: 978-981-19-2752-2

Electronic ISBN: 978-981-19-2753-9

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-981-19-2753-9_9

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