The Canadian IT industry is short 54,000 jobs, IDC Canada reports.
IDC defines the skills gap as what is needed to "get the right resource at the right time and at the right price."
In 2014, the IT skills gap amounted to 54,000 people and cost Canadian organizations close to $1 billion, according to the report.
Mark Schrutt, IDC Canada's Research Vice President, Services and Enterprise Applications, told the CBC that he was surprised when a majority of businesses told IDC that they did not consider an IT skills gap a major issue.
"I didn't take that at face value. I wanted to dig deeper," Schrutt said. "Basically, from what companies are saying, it's not an issue because they've found workarounds."
With a high demand and a low supply of workers, human resources firm Mercer predicts that high tech will take the wage-growth crown from Canada's oil industry in 2016, with salary growth of 3 per cent.
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