Recruiting - TOP TECH TALENT AT LOW COST?

It’s possible. The crisis has created a great hiring opportunity for companies, so long as you approach it the right way, through the right channels.

- BRYAN JANECZKO

In some way, every company today is a tech company. No matter the industry you’re in, you’ll likely be hiring developers, engineers, and data scientists—and chances are, it’s becoming harder and harder to find those people.

In 2019, it took companies an average of 66 days to fill tech roles. Three years earlier, it happened faster—just 55 days. (That’s according to a report from iCIMS, an employment recruitment software company.) What changed? Competition, rising salary expectations, and even immigration constraints.

But now you’re in luck. While the current global climate poses many challenges for startups, it has also created a bigger, better pool of tech job candidates to pull from. Tens of millions of jobs have been affected over the past few months—AT&T laid off 3,400 people in June and 54 more in August, Airbnb had to cut 25 percent of its staff, and more. That means top-tier talent has suddenly become available.

These five guidelines will help you secure that talent for your budding business, even when working with a smaller budget.

1 Know what they’re looking for.

Workers today are more likely to accept modest salaries— not just because of the economic downturn but because they’re increasingly interested in the rewards of their next job, rather than simply the paycheck. This is especially true if they’ve been laid off, in which case they’re likely to be reassessing whether they want to return to a corporate lifestyle.