According to a recent study by global staffing firm ManpowerGroup, 77 percent of employers around the world are experiencing difficulties in filling job vacancies - marking the highest talent shortage in 17 years.
The IT sector is facing the most significant talent crunch, with 78 percent of employers in the industry encountering hiring challenges.
This shortage in tech talent is a growing concern for many organizations in today's digital age. As companies continue to embrace digital transformation and rely more heavily on technology, the demand for skilled IT professionals is only increasing.
With this shortage of qualified candidates making it difficult for organizations to fill open IT positions, what can organizations do to combat the tech talent shortage, access high-quality talent and gain a competitive advantage?
In this blog, we’ll look at five key ways your business can combat the tech talent shortage with a focus on contingent workforce IT staffing solutions.
Why the Contingent Workforce is Key
One of the most effective IT staffing solutions is the use of a contingent workforce. A contingent workforce is a staffing strategy that uses non-permanent workers to fill open positions. This can include temporary workers, independent contractors, and freelancers.
The contingent workforce provides a flexible and agile solution to the talent shortage problem, allowing organizations to quickly and easily fill open positions with skilled IT professionals.
There are a range of advantages to using a contingent workforce for IT staffing needs:
✅ Flexibility and Scalability: Organizations can quickly and easily scale their workforce up or down as needed, without the overhead costs of hiring full-time employees. This is especially useful for IT projects with fluctuating staffing needs, such as software development or system upgrades.
✅ Access to Top Talent: A successful contingent workforce program can provide organizations with access to top IT talent that may not be available through traditional staffing methods. The contingent workforce can help organizations quickly fill open positions with skilled professionals who can hit the ground running.
✅ Cost Savings: By using non-permanent workers, organizations can reduce overhead costs such as payroll taxes, benefits, and other employment-related expenses. Additionally, contingent workers are typically only paid for the hours worked, allowing organizations to manage their labor costs more efficiently.
✅ Agility and Innovation: Contingent workers bring fresh perspectives and ideas to the organization, and can help drive innovation and growth. Additionally, by using a contingent workforce, organizations can quickly respond to changes in the market or industry, allowing them to stay competitive and adaptable.
How to Combat the Tech Talent Shortage With Contingent Workforce IT Staffing Solutions
#1 - Use the Contingent Workforce to Expand Your Talent Pool
Expanding the talent pool is critical to combatting the tech talent shortage. Organizations can expand their talent pool by tapping into non-traditional sources, such as remote workers or talent from other industries. This can be facilitated by partnering with a contingent workforce MSP who has access to a broad and diverse pool of IT talent.
#2 - Leverage Technology to Gain Valuable Workforce Insights and Improved Control
A vendor management system (VMS) will help your business manage its contingent workforce more efficiently and effectively. Not only will it save your internal team time by automating repeatable processes, VMS will help you gain visibility and control over your contingent workforce program so that you can better track performance, manage contracts, standardize processes for all hiring managers and streamline the invoicing process. This will save your business time and money, as well as improve your access to IT talent.
#3 - Build a Brand That Workers Want to Work With
Creating a positive employer brand is critical to attracting and retaining top IT talent. Organizations should showcase their values, culture, and benefits to potential candidates, and engage with their current workforce to create a positive and supportive work environment.
#4 - Provide Competitive Compensation
Attracting and retaining top IT talent requires competitive compensation. Organizations that offer market-competitive pay will ensure that they are able to beat their competitors to attract top talent. With contingent workers having the ability to take on the projects and work for the companies they want to, this is incredibly important.
#5 - Partner With the Right Staffing Agencies
Partnering with the right staffing agencies will help your organization tap into a broad and diverse pool of IT talent. The right staffing agencies can help you to find the right talent for your organization's specific needs and workforce requirements, helping you to find the best candidates for your open positions.
Interested in learning more about Vendor Management Solutions?
Whether you are looking for a new VMS Solution, or just getting started, we are here to help. See how easy Conexis is to use by taking a quick 2 minute Self-Guided Tour. Contact Us for a Free No-Obligation Consultation to discuss your workforce challenges (and get immediate actionable insights) or Book a Personal Demo Today!
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