Everybody knows hiring tech talent is hard. The race to get to talent is on, and those with aggressive hiring goals are scrambling to get to candidates. The unique aspect of tech talent is that companies lack innovation and creativity without them, negatively impacting their bottom line. So the question stands, what can HR professionals and recruiters worldwide do to ensure they meet their hiring targets? This article will dive into the challenges, the top hiring stats and teach how to hire the best tech talent in this ever-changing recruitment landscape. 

Challenges of Hiring Technical Talent

Hiring tech talent is a struggle for all companies and HR professionals. According to Indeed’s survey, 86% of the respondents in a study accounting for every nine out of 10 companies say they are struggling with this. The challenges they face are as follows:

  • There is a shortage of talent in general.
  • The landscape and technology are always evolving and finding someone who can remain up-to-date with their skillset.
  • The candidate wants a too high of a salary & benefits since they are in high demand. 
  • Competitors are getting to talent first, making it harder to make a placement. 
  • The suitable candidates are not in your geographical area, solved by remote working, but it is not yet efficient.

Technical and Developer Statistics

The top hiring statistics in the world right now are:

  1. Stack Overflow Developer Survey in 2019 shows that only 6.4% of developers are unemployed and looking for a job among the 90,000 population surveyed.
  2. From the Indeed survey mentioned above, 86% of companies say they find it challenging to hire technical talent, whereas 36% of the same population say it is complicated to find technical skills.
  3. The Bureau of Labor Statistics predicts that by 2028, the need to hire software developers will increase by 21%.
  4. Stack Overflow Research found out that 73% of developers are interested in looking for new job opportunities.
  5. Codility reports that 55% of developers feel that professional development is more critical when choosing an employer. Salary seekers were second at 52% of the reasons for selecting an employer, and third place at 43% was an opportunity to work on exciting projects.
  6. Dice carried out a survey and found that most tech job seekers are looking for two things: excellent healthcare benefits and the ability to work remotely.

How to Attract Great Tech Talent

Around 70% of today’s workforce is not actively looking for new employment, tech talent is no exception. Currently, many of the top performers have positions and are not looking to make any changes. Subsequently, this leaves the recruitment firm responsible for attracting them to their clients. Here are some tips for attracting the talent your clients need. 

  • Understand the skills you want: tech positions are varied, and you need to be very specific about the skills and experience you require from the tech employee. After that, craft a well-detailed job description and use it for fishing for the right person.
  • Understand our candidate: You can find the right talent you need by understanding who they are and what they are looking for. You need to know who the ideal candidate is to guide you into convincing them to join your organization.
  • Know your tech talents’ goals and motivations: Hiring is two-sided. Also, Ensure you understand what your candidate wants to be sure if you can offer them or not. 

Automate Your Hiring Process and Uncover Talent Before the Competition

Loxo, is revolutionizing the way recruitment firms find and place tech talent, with half a billion people within our candidate database, we ensure to help you find the perfect fit candidate in half the time. Moreover, you can simply enrich your candidate’s personal contact information to get in touch with them directly. Lastly, you can drop them into a quick recruitment cadence that is multichannel for the best results.

 

Learn more about how we are helping our clients place tech talent and more!