Summary Results | June 2022
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Trends in Technology Talent Acquisition
SURVEY SUMMARY
Between April and June 2022, Gatepoint Research invited selected executives to participate in a survey themed Trends in Technology Talent Acquisition.
Candidates from several industries were invited via email and 93 executives have participated to date.
Management levels represented are all senior decision-makers: 13% hold the title CxO or are VPs, 31% are directors, and 15% are senior departmental or global managers, and 15% are functional managers.
100% of responders participated voluntarily; none were engaged using telemarketing.
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Summary Results | June 2022
EXECUTIVE OVERVIEW
While overall unemployment is at an incredibly low rate, technical employment was even lower—below 2% in early 2022. High demand and competition among hiring organizations has led to a tremendous increase in candidate leverage, with salaries, benefits, and perks skyrocketing. Hiring from within seems reasonable, but attrition rates have increased as embedded talent throw their hats in the hiring ring. Are companies changing their technical talent acquisition strategies to keep up?
This survey asks respondents to report:
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Summary Results | June 2022
There is room for improvement when it comes to successfully acquiring software professionals. More than half of those surveyed rate their ability to do so as less than effective.
How effective is your current ability to acquire software engineers and developers?
(Rate 1 to 5: 1=Not at all effective, 5 = Very effective)
1
Not at all effective
Very Effective
2
3
4
5
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Summary Results | June 2022
When you think about the capability for your organization to source software development resources, how do you feel?
Two thirds of respondents are"excited:" or "confident" about sourcing dev resources, but a significant 31% say they are worried.
Empty text
Excited
Confident
Worried
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Summary Results | June 2022
Uninterested
What have your most successful tactics been for the acquisition of technology talent for your organization?
Hiring from within and training internally are the most successful tactics for the majority of those surveyed. Alternatively, 33% acquire technical talent through an RPO partner, and 28% use a staff augmentation partner. The minority (12% to 15%) supplement technical staff using more specialized or niche hiring/training/placement partners.
Internal Hiring
Internal Hiring + Internal Training
Recruitment Process Outsourcing (RPO) Partner(s)
Medium/Large Multi-Disciplinary Staff Augmentation Partner(s)
Utilization of Systems Integrator Partner(s)
Internal Hiring + Training Partner(s)
Boutique/Small Specialized Staff Augmentation Partner(s)
Hire - Train - Place Partner(s)
Other
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Summary Results | June 2022
What are the day-to-day challenges that you experience when attempting to acquire technology personnel?
The technology talent pool has shrunk, creating the most commonly cited acquisition problem. Nearly half struggle with increased salary demands or low-quality candidates. Two more recent issues; candidates want to work from home (37%) and it's hard to retain talent (34%).
Lack of candidates
Can't keep up with pace of salary increases
Low-quality candidates
Candidates attracted to remote work vs. onsite
High attrition rate
Long, resource-intensive onboarding of new hires
"Exciting" tech/brand/location companies
are attracting the talent
Internal and 3rd party partners not meeting needs
Missed hiring goals for business-critical projects
Other
Copyright ©2022 Gatepoint Research. All rights reserved. This report is the sole property of Gatepoint Research and may not be used, reproduced or redistributed in any form including, but not limited to, print & digital form without express written consent of Gatepoint Research.
Summary Results | June 2022
Copyright ©2020 Gatepoint Research. All rights reserved. This report is the sole property of Gatepoint Research and may not be used, reproduced or redistributed in any form including, but not limited to, print & digital form without express written consent of Gatepoint Research.
Copyright ©2020 Gatepoint Research. All rights reserved. This report is the sole property of Gatepoint Research and may not be used, reproduced or redistributed in any form including, but not limited to, print & digital form without express written consent of Gatepoint Research.
Summary Results | April 2020
Working remotely, de rigueur during the pandemic, has become the new normal for 77% of respondents, allowing them to hire from a much wider candidate pool than just their local geography.
Since the start of the pandemic, and on an ongoing basis, have you turned to a more remote model in which you have been more willing to hire from non-local areas?
Unsure
No
Yes
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Summary Results | June 2022
If you have been hiring from non-local areas, how successful have these efforts been?
82% of those surveyed have had success hiring non-locally, but most (55%) only qualify those efforts as "moderately successful".
Empty text
Successful
Hiring local
only
Unsuccessful
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Summary Results | June 2022
Moderately successful
What are your key initiatives when it comes to improving your acquisition of technology talent?
Work from home options are included in 65% of respondents' technical talent acquisition initiatives, followed by salary (55%) and/or compensation (49%) increases.
Most respondents are missing an the opportunity to work with partners who specialize in finding, training, and placing technology talent.
Allowing remote and work-from-home options
Increasing salary
Increasing equity/bonus compensation
Increasing development/training opportunities
Reduced workweek or flex work
Increased workplace perks & benefits
Partnering with candidate screening providers
Partnering with training/bootcamp providers
Partnering with hire-train-deploy providers
to acquire custom-trained tech teams
Other
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Summary Results | June 2022
When do you plan to reevaluate your current technology talent acquisition strategy?
56% of respondents are either currently evaluating or plan to evaluate their technology talent acquisition strategy within the year.
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Summary Results | June 2022
What is your role when considering your organization’s technology talent acquisition strategy?
Those responding to this survey are strategic decision makers, influencers, or users and other specialists.
Empty text
Decision maker
User
Influencer
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Summary Results | June 2022
Other
JOB
LEVEL
44% of survey respondents hold director or executive-level positions in their organization.
CxO
VP
Director
Senior
Manager
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Summary Results | June 2022
Manager
Smoothstack builds the custom high-performance technology teams that organizations need to transform our world for the better. Smoothstack hires aspiring software, cloud, and data engineers as W-2 employees prior to upskilling them to client specification in an immersive training program designed to ensure they are ready to work on day 1. A trusted partner with large public, private, and government organizations, Smoothstack delivers top-notch talent, low project turnover, high predictability, and reliability through proprietary selection and immersive training.
Copyright ©2022 Gatepoint Research. All rights reserved. This report is the sole property of Gatepoint Research and may not be used, reproduced or redistributed in any form including, but not limited to, print & digital form without express written consent of Gatepoint Research.
Summary Results | June 2022