We weren’t surprised to see the recent unemployment numbers in tech coming out of the US, since it’s becoming increasingly apparent that Canada is experiencing the same war for talent.
At Eagle’s permanent placement division, we have had an increased number of requests for developers. While the usual niche skills are in very high demand (Data Science, Machine Learning, Security), clients seem to be struggling to secure solid tech talent in more common areas. There seem to be more opportunities out there, particularly for experienced Java Developers, than there is talent.
Many developers choose to work as independent contractors. The appeal is obvious with the flexibility of projects/work. High rates are also a primary factor for choosing to work on a contract basis rather than full-time. But with some clients wanting to build out high performing engineering teams and keep this talent in house, they are having to come up with new and interesting ways to attract them.
Clients are now having to offer very competitive and comprehensive compensation packages. This is not unlike the trend we have seen in the US with unlimited vacation days, flexible working hours, remote work, and much higher base salaries. What may surprise some is that one of the key factors to attracting great candidates is offering them the opportunity to work with leading edge technology. A recent Forbes article states that “40% of employees had already left a job because they didn’t have access to the latest digital tools.”
We have experienced some scenarios in the past few weeks where employers have lost candidates because they failed to move through the process quickly enough and gained additional clients because internal recruitment efforts just can’t keep up with the demand. Solid developers are highly sought after and if they are considering a career move, they will typically be considering multiple offers in a very short period of time. Clients who expect candidates to go through multiple interviews and hope they will still be available 2-3 weeks after being presented, inevitably results in staffing agencies being on the losing end of this war for talent.
Working with an agency is becoming more essential as the market heats up. At Eagle we work closely with clients to:
Ensure that they have a carefully (and accurately) crafted an Employee Value Proposition
Give them unparalleled access to the ‘passive job seeker’ market
Provide detailed market data so that they can stay ahead of market trends and ensure their compensation is competitive
Keep in close contact with candidates throughout the entire process so that everyone is aware of competing offers before the candidate is off the market
With this new war for talent, it’s time for hiring organizations to start asking themselves if they’re ready to compete and what they’re going to do to attract and keep the best talent. On the flip side of the coin, with so many options available, it’s a good time for IT professionals to evaluate their own careers, develop a plan and decide where they want to be!