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IT Companies Willing to Go the Extra Mile to Attract Talent

IT Companies Willing to Go the Extra Mile to Attract Talent
From Recruiter - October 19, 2016

While the general unemployment rate hovers just under five percent, the technology sector is markedly lower at 2.7 percent, according to a reportfrom the Bureau of Labor Statistics. Which such a low unemployment rate, talent in the tech field is in very high demand, and the advantage in the job market lies with the employee. As such, 32 percent of technology employers would offer a 10-to-15 percent salary increase in order to attract top talent, according to Tech Trends: IT Leaders and the Employment Market, a survey of 500 IT professionals responsible for key hiring decisions by Modis, a global provider of information technology staffing services.

The salary increases arent the only trend the study found. Thirty-five percent of employers were also willing to rehire talent that had left the company within the previous three months, and 33 percent would be willing to hire previous talent no matter how long theyd been gone, the study shows.

Todays employers need to be open to negotiation, and todays candidates need to be prepared to negotiate, says Jack Cullen, president of Modis.

Loyalty Above All

With such tight competition for talent in the IT field, its easy for any talented employee to jump ship at any given time. With that in mind, its unsurprising that employers value company loyalty in the tech sector very highly. Recruiting, hiring, and onboarding new recruits is expensive enough without having to do it every six months. Hiring managers in IT are likely to look more closely at a candidate who has demonstrated loyalty in the past.

Related: Jobless Claims Hit 43-Year Low

While the grass is always greener mentality tends to be a common perception among highly skilled and employable tech workers, loyalty is a trait that IT decision-makers view most positively, Cullen says. Its been found that candidates with tenures of five or more years at their previous posts aremore attractive applicants.



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