Technology is one of the fastest-growing industries in the world, and with this growth comes an increased demand for tech talent. Yet, hiring tech talent can be a challenge as there’s more demand than supply, candidates have more options than ever before, and there are some companies that may have unrealistic expectations about what skills an IT Professional must possess. Let’s take a deeper look into why it can be so hard to find the right tech talent.
More Demand than Supply
The Bureau of Labor Statistics estimates that by 2029, there will be over 1 million new job openings in computer and information technology (CIT). That’s not even counting existing positions that need to be filled. Unfortunately, this demand far exceeds the current supply of qualified tech talent. According to a study by Stack Overflow Insights, only 35% of developers have been coding for five years or less. This same study found that most developers tend to stay in their jobs for an average of only three years before moving on. This means that even if new tech talent does enter the market, it often takes time for them to gain enough experience to qualify for certain roles so you’ll need to consider how your training and growing your current staff so they can help with training new junior staff.
Talented Candidates Have Options
As technology continues to evolve rapidly more and more companies are investing heavily in digital transformation initiatives. This has created an environment where tech talent is highly sought-after and has resulted in candidates having much more leverage when it comes to choosing a job they want, including higher salary expectations, better benefits packages you’ll have to offer and even more flexibility in work schedules. Post pandemic more and more candidates are now expecting to be able to have their jobs be fully remote and will even reject an offer if it’s not.
Another challenge is that talented candidates have options these days. Not only are there many employers competing for a limited pool of talent, but many IT professionals also have their own side projects or businesses they are working on as well. This means that even if you find a candidate who would be perfect for your position, there’s no guarantee they will accept your offer. Especially if you’re not able to offer them something unique or special compared to other potential employers.
Unrealistic Expectations & Budget Constraints
Another common challenge companies face when trying to find top tech talent is unrealistic expectations about what an IT professional must know or be able to do in order for them to be considered qualified for the position. Companies often ask for too much experience in certain technologies or programming languages without considering whether those skills are actually necessary for success in the role they are trying to fill. Similarly, budget constraints can also make it difficult for companies looking for top tech talent as they may not have enough money allocated towards recruiting and hiring efforts in order to attract top tier candidates.
Internal Recruiting Teams Lack Knowledge & Resources
Some companies may have internal human resource teams that lack knowledge or resources when it comes to finding great tech talent since recruiting and hiring isn’t their primary responsibility (or area of expertise). They may not know what kind of questions they should be asking during interviews in order to vet technical candidates properly or which sources are most likely to yield high-quality results when searching for potential hires. When posting about a position, their job descriptions may not be interesting enough or attractive enough for potential candidates which could lead them down an endless path of sifting through resumes from unqualified applicants and wasting a hiring manager’s valuable time.
What To Do?
Given these challenges, how do you solve this issue? One way you can ensure that you find top-notch tech talent for your organization is by working with a staffing & recruiting partner who specializes in finding and vetting technology professionals. A staffing & recruiting partner speaks to candidates every day so they have a pulse on the market and what candidates expect salary wise. They also understand how technology works and what skills and experience each new hire should possess. Additionally, they know how to craft an attractive job description that will entice qualified candidates to apply. This helps eliminate any under qualified applications that could waste time and resources.
Having a staffing & recruiting partner helps make sure you are getting top-notch talent without sacrificing quality or paying too much money. They can provide feedback on salaries and negotiate on your behalf while providing guidance on best practices when it comes to interviewing potential employees. Ultimately, having a staffing & recruiting partner helps streamline the process of identifying, vetting, and hiring talented tech professionals so you can focus on growing your business instead of worrying about filling open positions with qualified personnel.
Finding tech talent is no easy task given the current market conditions but it doesn’t have to be an impossible task either. By partnering with a staffing & recruiting firm who has expertise in identifying top-notch tech talent and negotiating salaries on behalf of their clients, employers can ensure they get the best possible candidates at prices they feel comfortable paying while providing them with peace of mind knowing their recruitment process is being handled professionally and efficiently by knowledgeable experts in their field. So if you’re struggling with finding top-notch tech talent for your organization, then consider working with a staffing & recruiting partner today!
How Can Techbridge Help?
At TechBridge, our goal is to bridge the gap between business and employee, matching qualified workers with the companies who need them. If you have any further questions or you’re interested in our staffing and recruiting process, contact us today!