In today’s world, the tech industry is at the forefront of innovation and growth, but thanks to this rapid change, it’s no secret that finding and hiring tech professionals can be a daunting task. With the evolving industry landscape and the increasing demand for skilled professionals, employers face many challenges in tech recruitment.
After years of boom, the tech industry has shrunk considerably in recent times, losing hundreds of thousands of jobs every year, a number that only continues to rise. From industry giants like Microsoft down to tiny startups, everyone is feeling the pinch.
However, change brings opportunities for those who are willing to adapt and stay ahead of the curve. In this article, we will explore 7 key trends in tech industry recruitment that can significantly impact your hiring process. Understanding and leveraging these trends will help you attract, hire, and retain the top tech talent your organization needs.
Labor Shortages in the Tech Industry
Despite the seemingly contradictory shrinking nature of the tech industry, one of the most pressing tech recruitment challenges facing employers is the shortage of skilled labor. As technology continues to advance, the demand for tech professionals is soaring. However, the stock of qualified candidates isn’t keeping pace.
In the semiconductor industry alone, there are thought to be 67,000 jobs going unfilled in the US in 2023 due to mismatched skills and qualifications. This kind of number puts huge pressure on HR departments, companies in need of employees, and the economy at large.
A talent shortage can make it difficult to find the right people for your organization, no matter the industry. To address this issue, it might be time to consider investing in training and development programs that can work to fill gaps in the short term, relieving pressure on HR. In the long term, being open to remote or global hiring by expanding your search beyond local boundaries can help provide new tech talent pools.
A Lack of Diversity in Tech Recruitment – Female Applicant Numbers Remain Low
Diversity in the tech industry is not only essential for meeting the modern focus on ethical work practices, but it’s also a way to boost creativity and innovation within a team. Unfortunately, tech recruitment still struggles with gender diversity even while improvements are made in other ways.
The number of female applicants to tech jobs remains disproportionately low, so, in response to the issue, there are more and more programs aimed at targeting potential female applicants in education. However, the effect on tech recruitment remains to be seen.
To address this particular imbalance, companies should actively work on creating inclusive cultures and providing equal opportunities for all. These changes should happen at all levels of the company and at each stage of the hiring process. Tech recruitment initiatives to attract more women to roles should, therefore, also be met with adaptations to workplace practices that will allow you to retain the talent you hire.
The Enduring Importance of Job Advertisements as the Main Source of Candidates
While technology has transformed the way we communicate, job advertisements still play a crucial yet stagnating role in tech recruitment. Platforms like LinkedIn, job boards, and career websites continue to be primary sources for hiring. However, there is an increasing view that traditional methods of job advertisement are drifting further out of touch with today’s tech applicants who rarely visit these sites.
Either through a need for greater diversity in the posting process or because of the uncertainty that AI poses to the concept of job posting itself, there is a feeling that change is just around the corner. That’s why recruiters are looking for ways to maximize the use of tools like social media to meet younger talent on their terms.
To maximize your success, craft compelling job ads that clearly communicate your company culture, values, and growth opportunities. Also, highlight the unique aspects of your tech projects and the impact potential candidates can make. Finally, consider how you can make your posts adaptive to suit new avenues of approach to future-proof your recruitment channels.
Remote Hiring is Booming Around the World
The pandemic accelerated the adoption of remote work worldwide, and this trend is without doubt here to stay. Many tech professionals now prefer remote or hybrid work arrangements, though there are dissenting opinions, with key players claiming that this practice kills engagement among employees.
Especially for international companies, embracing remote hiring allows you to tap into a global talent pool, offering a competitive advantage in securing top talent. This can help to make up for labor shortfalls while also boosting the diversity of candidates, though preparation needs to be made in order to ensure these global workers are properly integrated into existing teams.
Be ready to adapt your onboarding and management processes to accommodate remote employees effectively. Also, ensure that your existing teams are provided the same opportunities as new hires to avoid favoring one type of worker over others.
Professional Certifications Being Preferred Over University Degrees Qualifications
The traditional emphasis on university degrees and formal education is shifting. Even leaders like IBM have opened up many jobs to those with lesser or no degrees. Many tech recruitment experts now prioritize specific skills and certifications over traditional education channels, though the argument is by no means settled.
Candidates with industry-relevant certifications often possess practical knowledge and experience that covers the growing range of industry needs better than university degrees. Well-rounded employees are also more readily adaptable to evolving technologies.
When hiring, hiring teams should focus on identifying candidates who have the right skills, regardless of their academic background. This kind of hiring practice could open up access to previously untapped resources from new backgrounds.
Web Development & AI Learning as In-Demand Skills
Web development and artificial intelligence (AI) are currently the most in-demand skills in the tech recruitment industry. Hiring professionals with expertise in these areas can significantly impact your organization’s capabilities and help to future-proof your teams, thanks to the evolving nature of these talents.
AI, in particular, is set to so thoroughly revolutionize so many different aspects of work that its direct and indirect benefits are yet to be fully understood. However, this means that what hiring staff are looking for can also often be difficult to place.
Consider offering training or development programs for current employees to upskill in these areas or actively seek candidates with the required expertise. This may mean first working with AI or computing experts to properly identify the exact skills or qualifications necessary to display mastery before you begin to look for the personnel to provide them.
Companies are Investing More in Up-Skilling and Internal Mobility to Fill Gaps
Finally, to address many of the above developments and improve retention, more and more companies are investing heavily in upskilling and internal mobility programs. In fact, by some estimates, over 60% of tech companies are practicing this form of “quiet hiring” in order to fill short-term needs.
These initiatives not only help you fill gaps with existing employees but also improve morale and loyalty. Tech professionals value employers who invest in their growth. Implement such programs to attract and retain top talent.
However, be careful to ensure that these techniques are not long-term solutions. Hiring new tech talent should always form a part of a global tech recruitment strategy.