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Top 5 Tech Talent Acquisition Trends and Practices In 2024

Amidst the backdrop of ongoing economic uncertainty, intensified talent competition, and tightened hiring budgets, businesses find themselves reassessing their tech talent acquisition strategy. 

The traditional methods of recruitment, once relied upon by companies to fill their tech talent needs, now falter in the face of escalating competition and evolving market dynamics.

As such, this article will delve into seven key tech talent acquisition trends, offering insights to help firms secure top-tier developers in 2024.

 

Top Tech Talent Acquisition Trends In 2024

Trend #1 – AI In Hiring 

The emergence of Artificial Intelligence (AI) marks a pivotal step in tech talent acquisition, accelerating processes for candidate sourcing, screening, and assessment. These tools can analyze vast amounts of candidates and job openings simultaneously, significantly reducing the administrative burden on recruiters without sacrificing quality or efficiency.

  • Automated Resume Screening 
  • Candidate Matching Tools
  • AI-powered Chatbots
  • Video Interview Platforms
  • Skill Assessment Apps

As AI technology continues to advance and demonstrate its efficacy in optimizing various aspects of recruitment, its adoption is expected to become even more widespread. In fact, approximately 65% of recruiters have reported using AI for their hiring processes.

 

Trend #2 –  Remote Working Option

Offering remote working option

Offering remote working option

 

Working remotely, once a necessity for businesses to keep operating amidst the Covid-19 pandemic, has now become the norm. With advancements in technology, connectivity issues are no longer a concern, making remote work more accessible than ever before.

As a result, developers now prefer to work remotely or in a hybrid setup, prompting firms to adjust their hiring practices 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.

 

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. Once they have more confidence in developers or a bigger hiring budget, firms can transition gig workers or freelancers into full-time members.

 

Trend #4 – Beef Up Job Offer 

Increased expectations from skilled developers

Firms need to match tech talent expectations

 

The aftermath of mass tech layoffs in 2023, which extended into 2024, has left a significant impact on tech professionals. They are now more stringent when considering job opportunities, weighing multiple factors from salary and benefits packages to career development paths. 

Developers are no longer easily swayed solely by an attractive paycheck; instead, they seek work-life balance, a positive company culture, and interesting projects to tackle. Thus, we are observing companies attempting to beef up their job offers by incorporating various attractive perks and incentives to align with developer expectations.

Read more: Top 5 Tips On How To Attract Tech Talent In 2024

 

Trend #5 – Hiring Offshore Developers

Faced with the challenges posed by a local tech talent shortage, many firms are strategically adjusting their recruitment approaches, expanding their search beyond domestic borders to tap into a wider talent pool. One increasingly popular strategy involves establishing dedicated offshore tech teams in countries like Vietnam, known for their abundance of skilled and cost-effective tech professionals. 

By setting up offshore teams, firms can harness the expertise of highly skilled developers while benefiting from lower labor costs compared to local hires. This approach enables companies to scale their operations more rapidly and cost-effectively, giving them a competitive edge in the market. Additionally, it allows firms to access specialized talent that may not be readily available in their local area, further enhancing their ability to innovate and deliver high-quality products and services to customers.

Read more: Explore Vietnam’s IT Landscape and Developer Salary Trends In 2024

 

Tech Talent Acquisition Best Practices In 2024

Best tech talent acquisition practices

Best tech talent acquisition practices

 

As the tech landscape continues to evolve, organizations must stay ahead of the curve in talent acquisition. By implementing best practices tailored to developer expectations, companies can effectively attract, engage, and retain top tech talent.

  1. 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.
  2. Increase Your Recruitment Reach: Expand your recruitment efforts beyond traditional methods by exploring diverse platforms, online communities, and talent pools. 
  3. 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.
  4. Streamline Recruitment Process: Utilize technology, such as applicant tracking systems and video interviews, to streamline administrative tasks and expedite decision-making.
  5. 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.

Read More: Best 7 Recruiting Tech Talent Strategies For 2024

 

Conclusion – Firms Need To Up Their Game For Tech Talent Acquisition 

In today’s competitive tech landscape, it’s essential for businesses to not only acknowledge but also adapt to the emerging trends in talent acquisition. By staying ahead of the curve and understanding the shifting dynamics of the industry, companies can significantly improve their chances of attracting and recruiting top-tier developers. 

However, this task can be daunting for businesses that lack specialized expertise or resources dedicated to 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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