Businesses will need to get the most talented people on board, but they also need to rethink how to re-train and up-skill their current employees because the technology field has been getting faster, more flexible, more reliable, and more secure. It's time for companies to ask themselves: "How do I find the people who can build these technologies?"
A lot of firms are struggling to compete for top tech talent because the largest technology companies and tech start-ups have begun recruiting these candidates left and right. Last year, while many companies were cutting staff because of the economic fallout from the Covid-19 pandemic, Facebook announced that it wanted to hire 10,000 additional product and engineering, staff members. Amazon has announced that they intend to hire more than 10,000 new employees. Over the past decade, tech start-ups have been increasing the size of their software engineering and developer staffs by nearly 60% each year, the fastest hiring pace among tech and non-tech companies, according to our analysis.
Attraction and recruitment of tech talents are, without a doubt, quite challenging. The tech job market is becoming increasingly competitive as the demand for technical workers often outstrips supply. When you're a hiring company, you need to know the details of the candidates that you're looking for. So that, knowing the critical factors in tech recruitment can help you build a good action plan for recruitment.
To become successful in the tech-talent recruitment battlegrounds, businesses will need to utilize a series of tactics to help themselves effectively—hiring, re-skilling, up-skilling, re-allocating, and sourcing. They need to know which strategies are suitable to pursue depending on their starting point and specific needs.