Without a doubt, Information Technology has become one of the most important aspects of business operations in various industries. The dire importance of technology has fuelled and sustained innovation in order to cater to the ever-changing needs of different organizations and consumers. The rate of innovation, however, highlights the current shortage in graduates that specialize in software design and testing or even Information Technology (IT) in general. Gartner projects that there will be 1.4 million job openings for computer specialists by 2020, but universities can only supply at most 420,000 graduates who are qualified for these positions. One way to avert from these issues presented by the global IT skills shortage in the future is to consolidate an effective internal training program for their IT specialists. Although this may be effective in the long-run, the most potent solution to the global IT skills shortage is IT Outsourcing (ITO).