If you face difficulties hiring tech talent, you’re not alone. Tech job vacancies in the UK have grown to over 191%. Still, the skill shortage continues to be at its highest, increasingly hampering recruitment outcomes.
Despite the rising competition for qualified candidates, firms’ inability to fill critical tech roles due to poor hiring practices is proving to be very costly.
As the talent crisis continues to impact every aspect of the tech industry, companies in the UK are having a tough time finding enough qualified individuals to support the work required – a challenge exposed by the acceleration in digital transformation necessitated by COVID-19.
So, why exactly is the UK tech skill shortage at its highest? And what can recruitment teams do to fill this widening gap? Let’s explore.
The tech industry is one of the most dynamic in the UK, causing the demand for IT professionals to skyrocket. As the need for high-calibre tech specialists surges, companies struggle to fill critical roles. In fact, over 70% of technology employers have been experiencing skills shortages for the past few years.
A recent Gartner survey revealed talent shortage as the biggest barrier (64%) to emerging technology adoption, far more than other barriers such as implementation cost (29%) or security risk (7%). So, what is causing this talent shortage?
As businesses are drastically forced to rethink the way they work, digital transformation has become a top priority. The increase in emerging technology investments has led to a sudden demand for qualified staff, which unfortunately isn’t readily available – causing the challenge of skill shortage.
There were more than 64,000 vacancies for UK tech jobs in the third quarter of last year. One of the primary reasons for this dramatic increase in job vacancies is that most organisations froze all hiring during the COVID-19 pandemic due to uncertainty and disruption.
Another repercussion of the pandemic was the sudden and widespread shift to hybrid working. As companies began adapting to this new model, they pushed forward with long-term transformation projects and needed digital experts to adapt to the new normal.
Employee attrition is another reason companies in the UK are facing a constant shortage of tech skills. Limited opportunities for career progression, non-flexible work hours, a lack of remote working options, job burnout, and poor training are common reasons for employee dissatisfaction. These cause companies across all sectors to compete for talent.
Companies that manage to source highly qualified tech candidates face the issue of candidates receiving multiple job offers, thanks to fierce industry competition. Such candidates expect higher salaries and better growth and upskilling opportunities, which, when not provided, can cripple the tech business.
Hiring tech talent is a complex and time-consuming undertaking. When done manually, it can cause tech firms to miss out on quality hires due to human errors and bias. Manual approaches can not only delay time-to-hire, but they can also add to the overall cost of hiring while impacting objectivity in identifying the best-fit candidate for each role.
Plugging vital skill gaps requires recruitment teams to opt for tools that allow them to build a talent pool to meet tech hiring demands while providing the necessary training to bring on skilled workers and specialists.
Modern technology platforms like X0PA AI can help organisations in the UK overcome the widening skills gap and bring much-needed objectivity and intelligence to the hiring process.
Using advanced technologies like AI and automation, these platforms can:
As companies in the UK struggle to bridge the growing tech skills gap, relying on modern hiring automation tools is a great way to establish and maintain an updated talent pipeline.
Such a pipeline can ensure the right employees are hired for the right jobs at the right time, thus, curbing the challenge of tech skill shortage across the UK.
At the same time, since these platforms eliminate manual efforts and infuse intelligence into the hiring process, they allow for quick and objective hiring while making sure tech jobs are filled quickly and accurately.
Stuck on which recruitment software to choose? Check out this in-depth review and comparison of leading recruitment technology providers. Make […]Read More
As the pace of technology innovations gets increasingly rapid, IT companies often find themselves struggling to hire the right talent […]Read More
As a hiring manager, you want to find and onboard the best talent for the role. But you also want […]Read More
Learn how to automate your recruitment and hire the biggest talent objectively! Get in touch to try our smart SaaS tool for free!