The Challenges of Tech Talent Recruiting and Retention
In today’s rapidly advancing digital landscape, companies across industries rely heavily on technology to drive growth. However, there are significant challenge companies striving to recruit and retain top-notch tech talent must overcome. These challenges include: 1. The Tech Talent Deficit The United States (and world) is currently facing a significant tech talent deficit. According to […]
In today’s rapidly advancing digital landscape, companies across industries rely heavily on technology to drive growth. However, there are significant challenge companies striving to recruit and retain top-notch tech talent must overcome. These challenges include:
1. The Tech Talent Deficit
The United States (and world) is currently facing a significant tech talent deficit. According to recent studies, the demand for tech professionals far exceeds the available supply. The U.S. Bureau of Labor Statistics projects a growth rate of 21% for computer and information technology occupations, far outpacing the average for all other occupations. This scarcity of developers poses a substantial obstacle for companies looking to build a capable internal tech team.
2. Intense Competition for Top Talent
The limited pool of qualified tech professionals has created intense competition among businesses vying for the same talent. Established industry giants and emerging startups alike are constantly seeking skilled developers, engineers, data scientists, and other tech specialists. This heightened competition not only drives up salaries and benefits, but also necessitates innovative approaches to attract and retain talent. Exelaration has known for a long time that in order to address this competition, it’s essential to tap into non-traditional talent pools.
3. Evolving Skill Sets and Specializations
As technology continues to evolve, so do the skills required to stay at the forefront of the industry. New programming languages, frameworks, and technologies emerge, leading to a constant need for upskilling and reskilling of tech professionals. Identifying candidates with the right skill sets and aligning them with specific project requirements can be a complex task.
4. Retention Obstacles
Once a company successfully recruits top tech talent, retaining them becomes equally crucial. The market’s competitiveness often leads to professionals receiving enticing offers from other organizations, making retention a considerable challenge. Companies must prioritize employee development, growth opportunities, and a supportive work culture to nurture and retain developers.
5. AI and Low-code Takeover
As AI and low-code environments become more and more popular, many speculate they will eliminate certain tech jobs. However, history has shown that innovation leaps often result in increased demand for new tech roles. While some jobs may evolve or become automated, the need for skilled professionals to harness the power of these tools will only grow. Embracing emerging technologies can lead to exciting opportunities for those who adapt their skillsets.
How Exelaration Addresses the Tech Talent Crisis
Exelaration offers a revolutionary solution to the challenges of tech talent recruiting and retention. For more than a decade, we’ve has served as the training ground for the next generation of technologists.
Originally an experiential learning supplement to traditional classroom learning at Virginia Tech, Exelaration has expanded to help businesses and communities build their own supply of talented tech professionals. Through our accelerated tech training, businesses gain vetted and trained engineers ready to integrate into their workforce while participants gain a meaningful career.