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

In: Digital Transformation and Economic Development in Bangladesh

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  • Monzur Hossain

    (Bangladesh Institute of Development Studies)

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.

Suggested Citation

  • Monzur Hossain, 2022. "Human Capital, Labor Market Outcomes, and Skills Gap in the ICT Sector," Springer Books, in: Digital Transformation and Economic Development in Bangladesh, chapter 0, pages 171-194, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-2753-9_9
    DOI: 10.1007/978-981-19-2753-9_9
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