Overcoming the tech talent shortage is an important challenge for businesses whether in Europe or North America. Developers and technical skills, in general, are in short supply. This has led many CEOs to inquire about hiring an offshore team.
Part of this is due to the proliferation of new technology such as mobile computing, the blockchain, and artificial intelligence. The other factor generally blamed for the shortage of highly skilled developers is the inability of the education system to churn out tech graduates fast enough. Whether one or the other is more to blame, this post will show you excellent strategies for hiring tech talent.
The Tech Talent Gap of Demand and Supply
The acceleration of tech development touches almost every country in the world. This has seen the demand for developers generally outstripping supply, incidentally raising technical recruiter salary. In Western countries, statistical data is available that attempts to put numbers on the challenges of tech pro-research.
In Germany, for example, news site DW reports that there could be a shortage of 3 million skilled workers by 2020. Meanwhile, ComputerWeekly reports that 60% of German businesses are short of I.T. workers, especially software developers. According to the report, the situation is similar in the Netherlands.
Globally, a research report by Korn Ferry finds that there will be a progressively more severe talent of skilled labor from 2020 to 2030. This will include a shortage of developers and tech talent, threatening the leadership of tech centers such as Silicon Valley. The countries affected include the US, UK, France, Germany, Japan, most of the EU, and countries in Asia.
Hiring Freelancers Can Solve Shortage of Skilled Human Resources
Many businesses turn to freelancers to solve their talent shortages. This is particularly true for development talent where the lack of developers can hold up important projects for months. With freelancers, you can select the developer much like you would your own office employees. Tech businesses are attractive to freelancers since they are some of the best companies to work for. Unfortunately, big projects are harder to handle for freelancers since you will need larger human resource systems.
Offshore Team as a Solution to Tech Talent Shortage
You can also outsource entire software development projects to teams in various countries. This has the advantage that you can often lower your costs by selecting a lower-cost country and outsourcing your work there. Finally, a major advantage is the ability to get complete tech jobs with little time input of your own. There are downsides, however, which you have to watch for. For example, quality control is a major challenge for outsourcing engagements.
Hire Dedicated Developers and Solve Talent Headaches
With a dedicated team, you can hire a complete team that works with you every step of the way. You can work with recruitment agencies in countries with a high developer concentration such as Poland, Czech Republic, and Ukraine.
Ukraine, in particular, offers you a combination of lower development costs and world-class development standards. Ukrainian companies like Mobilunity offer dedicated developer teams that you can screen and manage just like your own in-house employees. Since Mobilunity pre-selects the developers, you do not have to spend the same time and resources on technical hiring that you would on your own. Once you are happy with the makeup of the team, you can get your project started right away.
3 Solutions to Shortage of Skilled Human Resources
To recap, you can opt for any of these powerful solutions to the problem of finding developers for your company’s software projects. In order of preference:
- Dedicated teams/IT outstaffing – These give you lower cost combined with finer control over the work of the team, improving project quality.
- Freelancers – You can manage freelancers much like your own office employees, but larger projects are difficult to coordinate with many independent freelancers.
- Outsourcing – Outsourcing reduces your time investment in managing projects. However, the final product quality can be hit or miss.
With these, you can firmly put the global tech talent shortage behind you and begin making progress like never before.
