Amidst ongoing economic uncertainty, intensified competition for developers and tightened hiring budgets, businesses are reevaluating their tech talent acquisition strategies.
The traditional recruitment methods now falter in the face of escalating tech talent competition, no longer effective in attracting and securing the best candidates.
In this article, we will explore five critical tech talent acquisition trends for 2024, providing strategies and insights to help firms stay ahead and successfully recruit top-tier developers.
Top Tech Talent Acquisition Trends In 2024
Trend #1 – AI In Hiring
Artificial Intelligence (AI) is revolutionizing how businesses tackle talent challenges, enabling recruitment processes to be streamlined and more efficient than ever. From sourcing, and screening, to assessing candidates, what may take days to weeks can now be done in minutes with AI.
With AI’s ability to swiftly analyze vast amounts of data, recruiters can make more informed decisions, leading to better candidate matches and improved overall efficiency. Notable AI applications in recruitment include:
- Automated Resume Screening
- Candidate Matching Tools
- AI-powered Chatbots
- Video Interview Platforms
- Skill Assessment Apps
As AI continues to advance, showcasing its efficacy in optimizing various aspects of recruitment, its adoption is expected to become even more widespread across industries. In fact, recent surveys indicate that approximately 65% of recruiters have already reported integrating AI into their hiring processes.
Trend #2 – Remote Working Option
Tech talent now prefers job offers with remote working options.
Working remotely, once a necessity for businesses to keep operating amidst the COVID-19 pandemic, has seamlessly transitioned into the norm for many industries. Today, remote work is not just a temporary solution but a preferred way of working for many professionals and organizations alike.
In other words, developers now prefer job opportunities that allow them to work remotely or in a flexible hybrid setup, prompting firms to adjust their hiring strategies accordingly. It is worth noting that companies also gain great benefits from providing remote work options, as they can broaden their candidate pool outreach and strategically position themselves to attract, engage, and retain top tech talent beyond borders.
Trend #3 – Gig Workforce and Freelancers
Due to the shortage of skilled tech talent, many firms are turning to gig workforce and freelancers for shorter project-based assignments. It allows companies to quickly bolster their tech capabilities while also mitigating the risk of overhead costs associated with full-time employment.
As firms gain more confidence in these developers or have a larger hiring budget, they can seamlessly transition gig workers or freelancers into full-time team members, fostering continuity and expertise within their organization.
Trend #4 – Beef Up Job Offer
Firms will have to up their offers in order to attract the best developers
The aftermath of mass talent layoffs in 2023, which extended into 2024, has profoundly affected tech professionals, shaping their priorities when considering job opportunities. Developers are now more discerning, carefully weighing multiple factors beyond just salary and benefits packages. They also prioritize perks such as work-life balance and career advancement opportunities.
In response, companies are trying to beef up their job offers with various attractive perks and incentives aimed at aligning with developer expectations. From flexible work arrangements and remote work options to career development opportunities and challenging projects, companies are adapting to meet the evolving needs of tech professionals.
More Insights: Top 5 Tips On How To Attract Tech Talent In 2024
Trend #5 – Hiring Offshore Developers
Pressured by local tech talent shortage, many firms are strategically adjusting their recruitment approaches, expanding their search beyond borders to tap into a wider talent pool. One increasingly favored strategy involves establishing dedicated offshore tech teams in countries like Vietnam, renowned for their abundance of skilled yet affordable developers.
Establishing offshore teams also offers cost-effective solutions for companies to scale their tech capabilities. Moreover, it allows firms to operate round-the-clock with teams in different time zones, accelerating project timelines and enhancing productivity.
Read more: Explore Vietnam’s IT Landscape and Developer Salary Trends In 2024
Tech Talent Acquisition Best Practices In 2024
Firms will have to implement different tech talent acquisition practices to secure developers
As tech professional expectations continue to increase, organizations must proactively stay ahead of the curve and adapt to the new landscape. By implementing these tech talent acquisition practices, companies can effectively attract, engage, and retain top developers.
- Proactively Reach Out To Developers: Take the initiative to connect with developers through various channels such as social media, professional networking sites, and industry events.
- Increase Your Recruitment Reach: Expand your recruitment efforts beyond traditional methods by exploring diverse platforms, online communities, and talent pools.
- Create Attractive Job Offers: Tailor your job offers to appeal to developers by highlighting not only competitive salaries but also attractive benefits packages, opportunities for career growth, and work-life balance initiatives.
- Streamline Recruitment Process: Utilize technology, such as applicant tracking systems and video interviews, to streamline administrative tasks and expedite decision-making.
- Partner with recruitment experts: They can provide valuable insights, market intelligence, and assistance in sourcing and screening top talent, ultimately helping you build a high-performing team more efficiently.
More Insights: Best 7 Recruiting Tech Talent Strategies For 2024
Conclusion – Firms Need To Up Their Game For Tech Talent Acquisition
The tech industry evolves rapidly, and so do the preferences and expectations of tech professionals. Companies that remain stagnant risk falling behind and missing out on top tech talent — they must actively adapt to them.
However, this task can be daunting for businesses that lack specialized expertise or resources dedicated to IT recruitment. Alfagomma‘s successful case in building their own tech team in Vietnam is a great example of how they did so even without the required expertise. Check out their story here!
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