While most signs of a recovering economy are welcomed with open arms, certain effects can be challenging. As of August 2016, the unemployment rate among technology professionals settled at 2.4 percent. The lack of skilled employees available to fill vacancies has increased the intensity of hiring efforts across the sector. These hiring efforts can lead to higher rates of turnover, and also mean that companies must invest more money to find a suitable candidate.
To be better prepared for the hiring challenges of today, consider the following points.
Recruiting Costs Will Rise
As the nation creeps ever closer to full employment, companies need to be prepared to spend more money to recruit qualified candidates. Anticipate that you will need to pay more to advertise openings, and dedicate more staff-hours to searching for potential applicants. If you don’t have the internal resources necessary to commit to the search, you should consider getting outside assistance to help with your hiring needs.
Positions Must Offer Competitive Compensation Packages
If you haven’t recently reevaluated your compensation packages, now is the time. It is critical that your offerings stand up to those of competitors within the marketplace. When the job market is favoring the employee instead of the employer, you need to have a comprehensive pay and benefits package to entice potential applicants. Companies that offer subpar compensation will find turnover rising while recruitment efforts flounder.
Consider Remote Workers
The number of tools available for easing collaboration has increased significantly. Some of the most user-friendly and feature-rich options are available for little or no cost, allowing most businesses to use them for simplified communication. With all of these options available, it may be time to consider hiring remote workers, especially if you have yet to make that leap.
Tech employees are capable of making the most of the various online tools, and many can perform their work efficiently without having to be onsite. This also allows you to open recruitment efforts to professionals outside of your local area who have no intention of relocating. Through the strategic use of chat rooms, video conferencing, instant messaging, and document sharing, you can have a team of remote employees perform at the same level as those sitting in a room together.
Make Your Mission Clear
One area that today’s employees focus on is the idea of making a difference in a meaningful way. This means that your company needs to have a mission outside of only making a profit. Help employees attach to other ideas about how their work serves a greater good, and you will increase the appeal of your company to those who like to work towards a cause in which they can believe.
The professionals at ITStaff have the industry knowledge necessary to help your company recruit the best IT professionals available. Contact ITStaff and put their experience to work for you.