According to Dice, December 2015: Special Report, Hiring Survey, “finding highly-skilled tech talent will be a top hiring priority for companies in 2016.”
So as an IT manager, you can expect fierce competition in finding the best and the brightest IT talent on the recruitment market.
Here are some further stats from Dice to give you a clear picture of the hiring marketplace in 2016:
- A record 78 percent of hiring managers anticipate more hiring in the first half of 2016 compared to the second half of 2015.
- More companies are building upon their current tech infrastructures; thus, the requirement for tech professionals is growing—71 percent of companies looking to bolster their tech teams by 11 percent or more in the first six months of 2016.
- Nearly half (49%) of hiring managers said the time to fill open positions has lengthened relative to last year.
- Finally, the ability to recruit IT professionals has become increasingly more difficult as the demand and level of competitors has increased.
The President of Dice, Bob Melk, stated, “The environment for a talent crisis in tech has been growing over the past few years, and as the level of interest in technology professionals rises, it doesn’t appear the challenging recruitment market will lighten any time soon.”
Sourcing and Forecasting
Melk further stated that “Sourcing, in particular, continues to serve as a top strategic recruiting initiative, as companies are thinking more long-term and building out an on-demand talent pipeline rather than focusing on one-off hires.”
Our Recruitment Services, which have been gaining significant market share in the US, offer solutions that not only provide contract options for both short and long-term hiring strategies, but also help companies forecast future IT workforce requirements. This forecasting lengthens the time required by your company to either fill open full-time positions, or to build an on-demand talent pipeline.
Hiring candidates with less experience
The recruitment landscape is shifting quite drastically with the interest companies are taking in candidates with less experience. The Dice Special Report also found that:
- 27% of hiring managers said they plan to hire entry-level candidates, up nine points from last year
- 62% said they want candidates with two to five years of experience, up eight points from 2014
To entice talent, recruiting tactics that are being offered more frequently today than a year ago include:
- Free lunches and gym memberships (cited by 53% of respondents)
- Sign-on bonuses (cited by 48%)
- Paying relocation costs (cited by 48%)
- Free medical and dental insurance (28%)
- Company-paid mobile or car plan (20%)
- Unlimited vacation (13%)
Factoring in compensation
Another factor that plays a major role in the challenges IT hiring is facing in 2016, is compensation: 64 percent of hiring managers and recruiters saying salary guidelines have prevented positions available now from being filled, a jump from the 58 percent who said this last year.
About the Dice December 2015: Special Report, Hiring Survey
The data is based on a November survey of human resource managers, recruiters, consulting and staffing companies. Among 397 respondents, 37% said they recruit for their own corporate needs. Nearly a quarter (23%) work for companies with more than 500 employees.