There is a cost associated with unfilled vacancies in any industry but this can become even more critical in the digital tech industry. Unfilled vacancies lead to protracted tech product delivery times and slower development of projects which obviously comes with an associated dollar value cost.
The issue of these unfilled digital tech positions has been exasperated by the current global pandemic and according to a study by techUK, the estimated 600,000 vacancies in tech roles cost the nation £63 billion a year. Although this study looked at tech jobs in the UK this picture is reflected across the world in every economy. This picture will not improve either as the number of students taking IT and Computing degrees has fallen by 11% in the last few years.
Undoubtedly there is an acceleration in the demand for companies to transform and adapt to the digital landscape due in part to the changes that have come about because of the COVOD-19 pandemic. Businesses are rapidly moving much of their operations to an online digital environment and to do this they need to recruit the right people. In recent years employers simply recruited from overseas but with the current travel restrictions that has come to an abrupt halt unless hiring companies have the confidence to do the entire recruitment process online.
In broad terms the areas that show the greatest shortage are candidates with experience in these functions:
- Mobile Development
- Artificial Intelligence
- Data Science
- Cybersecurity
- Cloud/Amazon Web Services
- Blockchain
- Virtual Reality
Within these broader categories the most difficult to fill vacancies will be senior positions including advanced roles in data modelling, programming, tech consulting, back-end development, automation and test engineering.
Unfortunately for recruiters and head-hunters they are operating in a super competitive market where job seekers hold the power to a certain degree. This means more use of creative and innovative strategies using new hiring tools to fill specific digital tech roles. Companies with a shortage in digital tech talent will have to balance the inevitable challenge of rising salaries against the requirements to fulfil delivery of business-critical tech projects.
There are a few companies out there who are game changing the face of tech recruitment. Hire Digital is a start-up recruitment company with a global presence that has invested heavily in Artificial Intelligence (AI) to manage the digital tech recruitment process. Their talent management software platform gives digital talent recruiters a strict criterion for posting job adverts and descriptions and their AI works in such a way that it generates a much smaller more targeted candidate list by using up to 40,000 attributes. They key to this is efficiency, recruiters spend less time generating job advertisements and trawling through hundreds of CV’s to get their shortlist, Hire Digital can rapidly access up to 1bn talent globally.
Hire Digital Talent (HDT) is AI with a human touch that is completely revolutionizing the recruitment and selection process. It’s two times faster, 50 % cheaper and ten times more accurate than traditional hiring tech. To find out more speak to Robin Brohl at Hire Digital, he is a real person and would love to engage with you and help you streamline your recruitment processes.