- Organizations need to proactively engage in strategic planning to attract and retain top talent in the tech industry.
- Companies need to plan strategic hiring initiatives to address the tight candidate-driven market today.
- Through strategic initiatives in the candidate experience and investments in the workplace culture, companies in the tech industry can hire, mentor, train, and retain top-notch talent.
In the aftermath of the Great Resignation of 2021, 2022 is setting itself up to be a very candidate-driven market, especially for the tech industry. Today, top talent are in no hurry to take the first job offer that comes their way. They have the luxury of stepping back to evaluate their employment options.
In a Forbes article, Kim Bozzella, the Global Head of Technology Consulting at Protiviti, shared her thoughts regarding the competition to attract and retain qualified tech professionals in 2022.
The article noted that in today’s tight market, top-notch talent in tech is more critical than ever before; and there’s less of it. “I have found that people mainly move companies for three drivers: compensation, culture, and work. Understanding a candidate’s ideal role inclusive of these three drivers is a key to success,” Bozzella told Forbes.
With the increasingly competitive job market, especially in the tech industry, traditional incentives such as salary and benefits alone are not going to be enough to attract the best candidates. To differentiate your company from the rest of the industry players, you need to have the right strategies in place to make the organization stand out among others.