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What Makes Tech Talent Tick?

The problem is crystal clear. But the solution is not as obvious.

In today’s digitally driven world, skilled IT professionals are in short supply. It’s tougher than ever for employers to build the tech teams they need for successful innovation. But just how tough is it?

Tech Hiring By The Numbers

According to research by Microsoft, the IT labor shortage is alarming. A 2012 survey on the state of U.S. technical talent estimates that the number of new jobs requiring a bachelor’s degree in computer science grows each year by 122,300 openings.

In a tough economic climate, that kind of healthy job growth seems like good news. But here’s the rest of the story: The average number of computer science graduates each year is only 59,731. That’s less than half of new job demand.

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See infographic at Dice.com

The survey also uncovered discrepancies between what employers think engineers find attractive in a job, and what engineers actually want. For example:

 89% of software engineers said they applied for 2 jobs or less in the 5 years prior to the survey. This relatively low turnover rate helps explain why it’s so difficult to find and engage experienced software engineers. (Although, in 2014, the picture is no longer as stable. According to a recent Dice.com survey, more than 40% of companies say they’ve lost tech staff in the past 6 months, compared to 30% a year ago.)

  64% of recruiters believe that the opportunity to work with interesting technology is the primary reason software engineers are motivated to consider a new job. But engineers disagree. In fact, less than 10% of those surveyed say cutting-edge technology is a key reason to accept a new position.

  Top reasons engineers respond to recruiter outreach:
45% — Position is relevant to their background;
13% — Interest in the company;
10% — Competitive compensation.
(These priorities also seem to be shifting in 2014. According to Dice.com research, 75% of tech workers who changed jobs recently were motivated primarily by higher compensation.)

To learn more about what motivates technology professionals, consider this snapshot from a Dice survey conducted in 2011:

What Tech Professionals Want in Current Job

Motives Matter For Acquisition and Retention

Knowing what matters to technical professionals is vital to the recruitment process. But it’s just as important for successful workforce retention.

Technical Talent Employer Retention strategeis

 

 

Building Tech Teams That Last

What’s the best approach to finding, hiring and retaining a technical team that will help your business scale? Chris Lea outlined a time-tested 3-step path at the 2011 Future of Web Apps Conference:

Step 1: Find Talent

  Determine the skills you need
  Spend time on social media to see who shares advice and insights. Build relationships
  Review email lists and attend tech meetups to locate and connect with attractive candidates
  Maintain a dedicated ‘tech blog,” separate from your company’s primary blog

Step 2: Hire Talent

  Can they do the job?
  Are they the right fit for the company?

Step 3: Keep Talent

  Commit to a trial period, so both parties have a chance to determine the fit
  Make sure people take vacation periodically — preferably away from a computer

Chris Lea’s retention “must haves” are echoed by other tech recruiting experts in 5 Smart Ways to Retain Top Tech Talent:

  The more closely your job requirements match the employee’s skills, goals and values, the more likely employees will want to stay. Hire for fit, and retention will follow.
  Start strong. Retention efforts should begin during onboarding.
  Avoid burnout. Evaluate project workflows and organizational structure. Set clear expectations about duties and develop equitable workloads. Actively encourage work-life balance.
  Regularly assess employee engagement and motivation. Gather insight to guide development paths and workforce strategies.
  Commit to sustainability at a corporate level. The connection between innovation, community and the environment is very important to many technology professionals.

What Works For You?

As the hiring landscape grows increasingly competitive, creative acquisition and retention strategies can give your organization an advantage.

Is your company struggling to hire new tech talent? Are you losing IT employees you want to retain? Have you tried new approaches? What works for you? Share your comments below.

(Editor’s Note: To discuss World of Work topics like this with the TalentCulture community, join our online #TChat Events each Wednesday, from 6:30-8pm ET. Everyone is welcome at events, or join our ongoing Twitter conversation anytime. Learn more…)

Image Credit: Pixabay

Finding Tech Talent to Fuel the Future #TChat Preview

(Editor’s Note: Looking for full highlights and resource links from this week’s #TChat Events? Read the #TChat Recap: “Tech Recruiting: Skilling Up to Fill the Middle.“)

Recently, we’ve seen the rise of the “digital detox” — when individuals temporarily go “off the grid” to reconnect with life apart from technology.

But of course, it’s impossible to escape fully anymore. Technology is now deeply embedded in daily life — its pervasiveness reaches far and wide. And not surprisingly, as innovation continues at full speed, competition for skilled technical talent is more fierce than ever.

How can employers stay ahead of that curve? And what should recruiters do to help lead the way in attracting technology rockstars?

That’s the topic we’re tackling at #TChat Events this week, with Shravan Goli, President of Dice, The Career Hub For Tech, and Sara Fleischman, Senior Technical Recruiter at Concur.

Sneak Peeks: Facing Tech Recruiting Challenges

To frame this week’s events, I spoke briefly with both Shravan and Sara about how businesses can recruit effectively in today’s environment. Shravan suggested three success factors in an audio hangout:

And Sara added her perspective as a technology recruiter:

Is your organization feeling the impact of the tech talent shortage? How are you addressing this? What does this trend mean for business innovation, overall? Join us this week to discuss your ideas and opinions with the #TChat crowd.

Publication1Share Your Insights, Win a Smartwatch!

As extra incentive to submit your best ideas, everyone who participates in #TChat Events this week will be eligible to win a cool Pebble Smartwatch from Dice! After the the #TChat Radio Show and #TChat Twitter Dice shared details about how to enter before the Feb 7th deadline. See details now!

#TChat Events: Tech Recruiting In a World of Pervasive Technology

#TChat Radio — Wed, Jan 29 — 6:30pmET / 3:30pmPT

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Tune-in to the #TChat Radio show

Our hosts, Meghan M. Biro and Kevin W. Grossman talk with Shravan Goli and Sara Fleischman about critical tech recruiting issues and trends. Tune-in LIVE online this Wednesday!

#TChat Twitter — Wed, Jan 29 7pmET / 4pmPT

Immediately following the radio show, Meghan, Kevin and our guests will move to the #TChat Twitter stream, for a live discussion with the entire TalentCulture community.

Everyone with a Twitter account is invited to participate, as we address these 5 related questions:

Q1: How do tech recruiters stay skilled up and “in the know”?
Q2: Why is finding tech talent so difficult?
Q3: How do recruiters tap into high-tech hot spots to find tech talent?
Q4: How do employers create a culture that attracts skilled tech talent?
Q5: What recruiting technologies appeal to high-tech professionals?

We look forward to hearing your ideas and opinions, as talent-minded professionals who care about recruiting issues and trends.

Throughout the week, we’ll keep the discussion going on the #TChat Twitter feed, and on our LinkedIn Discussion Group. So feel free to drop by anytime and share your questions, ideas and opinions.

We’ll see you on the stream!