Addressing the Global Technology Talent Shortage
Finding and attracting tech talent is one of the most difficult challenges in recruiting. The U.S. Bureau of Labor Statistics predicts by 2020 there will be more than one million computer science roles without qualified talent to fill them, and by 2024, the number of IT jobs will grow by 12 percent. The unemployment rate for technology roles has also stayed steadily below two percent. And with heavy concentrations of tech talent in major metropolitan cities, enterprise companies must differentiate themselves from competitors by moving from transactional to relationship-based recruiting.
Talent acquisition leaders and recruiting professionals must also recognize that technology talent do not always actively seek new roles, but are open to learning about new opportunities. This means recruiting organizations must develop specific strategies to nurture passive candidates, and start to prioritize these key technology audiences. It also requires recruiters to learn how to speak the language of technology candidates, plug into local and geographic-specific technology networks and communities, and understand what motivates technology candidates to consider new opportunities.