MORE IDEAS FROM How to Attract Top Tech Talent
Software and technology are becoming a critical component for businesses throughout the economy, not just tech companies.
This trend is growing. Before Covid-19, more than 40% of software engineer and developer hires were made by non-tech companies. During the first few months of the pandemic, while many companies were cutting staff, Facebook announced it would hire 10,000 additional product and engineering staff members. Amazon plans to surpass that.
Companies recognise that they need to seek people from a more diverse pool with a broader set of desired capabilities. Technical skills remain critical but are less needed for specific jobs such as customer success and product managers.
Companies could find a person who has the ability most predictive of success in a role such as collaboration, stress management, and self-confidence, and the rest can be learned on the job through training.
Online applications can take hours of candidates' time when applying for a job. While some firms are moving away from these online systems, many companies move towards them.
A recent survey states that 73% of businesses of all sizes use talent acquisition software to source, track, analyse, and onboard new recruits. 99% of the US Fortune 500 companies use applicant tracking system (ATS) providers, allowing them to customise questions and set filters, and automate the bulk of the filtering labour.
There is a significant relationship between competitive profit gains and diversity.
Companies with gender, ethnic and racial diversity are at least 15 percent more likely to experience above-average financial returns.
Companies involved in a long, drawn-out interview process forget that the best candidates only briefly surface on the job market and don’t stay there forever. Surveys indicate that most candidates lose interest in the job if they are kept waiting in line for longer than two weeks.
Recruitment should not be delayed, and if it is due to a valid reason, it has to be communicated to the candidate waiting for a reply.
❤️ Brainstash Inc.