What will it take to attract and retain the best tech talent in 2022? In this blog post, we'll explore some of the key factors that will be important for technology companies to succeed with their recruitment and retention efforts. By understanding what's essential to today's tech professionals, you can create a strategy that meets their needs and sets your organization up for success in the years ahead. So, let's get started!
Offer Flexible and Remote Work
During the pandemic, the world of work went through immense changes. And not only the world of work; people were profoundly changed too. Life decisions around how we live, what we prioritize and value, and what we want our lives to look like were put under scrutiny. The extraordinary circumstances during Covid showed everyone that we could do things differently. And now that the restrictions are gradually lifted, people are unwilling to go back to the old ways. Workers have grown accustomed to managing their time and working on their terms and expect to continue doing so moving forward. Research indicates that nearly half of employees are ready to leave jobs if the employer does not offer flexible working, and even fewer would want to join a company that does not embrace hybrid models.
Focus On Building a Strong Community
When people work more remotely and spend less time together physically, building a sense of belonging becomes even more essential. A strong culture and a team who are proud to be a part of the same mission is the best foundation for a strong employer brand that attracts top talent. Actually, having real friends at work is one of the strongest predictors for retention. Individuals with more than six workplace friends report feeling deeply connected to their workplace, and the correlation with fewer friends and less enthusiasm is evident. In addition, people with friends at work are less likely to accept offers of new jobs outside their company, and the likelihood of them staying increases with each new workplace friend they make.
Prioritize Equality, Diversity, and Inclusion
Diversity, equity, and inclusion (DEI) are not only important from a moral standpoint or because DEI has been proved to increase profitability. It's also an essential part of attracting top tech talent. As many as 86% of job seekers state that workplace diversity is crucial when looking for a job. And prioritizing DEI is also proven to increase retention. When employees feel that their employers treat them fairly, they're 5.4X more likely to stay at the company.
Put Purpose at the Center of Everything
A meaningful mission that goes beyond profits is one of the most important things that will set successful companies apart in the future world of work. Employees, especially millennials and Gen Z, want to align themselves with organizations that promise an impact on things beyond the bottom line. By 2025, according to Deloitte, 75% of the workforce will be millennials, a generation driven and motivated by values and ethics rather than money. Also, 77% of people will consider the company's broader purpose before joining, and 56% consider company culture more important than salary. This means companies need to have a purpose and communicate it clearly in their recruitment processes.
Work With a Talent Partner To Build a Winning Talent Strategy
Given the high pace of change, it is not easy to predict the future of work in the coming decade. But progressive organizations that embrace a flexible and open mindset anchored by a strong company purpose will stand the best chance of attracting and retaining top tech talent in the years to come.
To successfully maneuver these new and uncharted waters, teaming up with an experienced Talent Partner is a great way to stay ahead. Get in touch to explore how Cititec can help you find the talent you need – and keep it!