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The Essential Guide To Hiring At Pace In 2023
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3.6 million

In the US, there were 3.6 million tech jobs posted in 2021 — a figure that’s projected to grow twice as fast as the national jobs rate over the next decade.

64%

A recent Gartner report found that IT executives considered the talent shortage to be the most significant adoption barrier to 64% of emerging technologies.

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The Competition For Tech Talent Has Never Been Tougher

With new innovative tech startups springing up every week, the best candidates have more opportunities in front of them than ever before. And since many tech roles can be done remotely, these opportunities are often not limited by geographical area — meaning top candidates have their pick of thousands of roles across the world.

According to a Tech Nation report from June 2021, tech hiring was at its highest level in the past five years, with tech roles making up 12% of open positions in the UK. In the US, there were 3.6 million tech jobs posted in 2021 — a figure that’s projected to grow twice as fast as the national jobs rate over the next decade.

A shortage of talent could have a massive effect on the market. A recent Gartner report found that IT executives considered the talent shortage to be the most significant adoption barrier to 64% of emerging technologies — a staggering rise from just 4% in 2020. Companies that aren’t able to make the tech hires they need will fall behind, unable to compete with organizations that can deploy new technologies more quickly.

These figures make for worrying reading. But many ambitious, fast-growing tech companies are still managing to attract great talent and fill their open roles.

The Challenges Facing Recruiters & Hiring Managers

With a record number of open tech jobs, those recruiting for technical roles have their work cut out. Here are some of the main challenges that you need to overcome if you have tech roles to fill this year and beyond:

Sourcing the right talent in a tough labor market

With new technologies emerging every day, you need to be sure you’re sourcing the right people for your open tech roles. But many of the usual channels are oversaturated, and the best candidates receive multiple InMails with lucrative and exciting job opportunities every day. To give you the best chance of finding the right talent, you need to have effective sourcing strategies in place — which sometimes means thinking outside the box.

Setting up strategies to attract top talent

In an ideal world, you’d have your pick of high-quality candidates lining up to work for your company. Today, it’s not enough to post a virtual sign on the door in the form of an ad on LinkedIn or Indeed. This means that you need to set up your employer branding and market your EVP in such a way that great candidates will come to you.

Hiring tech talent in a way that’s engaging and professional

Even if you can attract top candidates for a role through your sourcing or attraction efforts, you still risk sending them running for the hills if you haven’t optimized your hiring process. Proactive companies need to give serious thought to everything from the application stage through to interview and offer — or the best candidates will simply go somewhere else.

Retaining and reskilling current employees

In this competitive market, you can’t risk losing the best asset you have: your current employees. However, with so much effort going into recruiting and hiring new talent, it’s easy to let your retention strategy slip. You’ll also lose high-performing employees if you’re not giving them the chance to grow within your organization by helping them
to develop their skills and putting them forward for open roles.

The Complete Guide To Sourcing, Attracting & Hiring Tech Talent

Are you doing enough to put your business ahead of the competition in pursuing the best tech talent?

In this guide, we share key insights from our talent experts on how to source, attract and hire top-quality tech candidates and achieve your goals as an organization, even against the background of the War for Talent.

Download the guide to find out:

  • How to source top tech talent effectively.
  • Ways to build a meaningful employer brand to attract high-quality talent.
  • How to optimize your candidate experience.
  • Top tips on retaining, retraining and upskilling current employees.
  • How high-growth tech businesses Lyst, Asana and Simply Business scaled their tech teams efficiently.
Download Guide

Talentful: Your Tech Hiring Partner

Recruitment is about more than just filling roles. It’s about building sustainable processes that enable ambitious companies to grow and achieve their goals — even against the backdrop of the War for Talent. At Talentful, we’re experienced in helping the world’s best tech companies to overcome countless obstacles to scale. We take a holistic approach to recruitment and bring our experience and ideas to make sure your organization is set up for long-term success.

Speak to a member of our team today and find out how Talentful can help you scale your business successfully.


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