Corporate Strategies Category Archives - 足球竞彩网 Assembly Blog | Page 3

The Tech Talent Shortage Rages On: Here are 3 Reasons Why (and What You Should Do)

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If you¡¯re tired of hearing about the tech talent shortage: buckle up. Tech layoffs may be making headlines, but the reality on the ground looks different for tech leaders. Tech talent continues to be in high demand, and short supply. According to Gartner, this will continue until at least 2026 based on forecast IT spend. 

The threat of a potential recession has put significant pressure on CIOs, CDOs, CTOs and other technology leaders, who feel crunched to deliver returns on technology and data investments, streamline costs, and modernize business systems. Organizations that are ahead of the curve on digital transformation are more flexible and resilient, meaning they are better positioned to come out of an economic slowdown stronger. 

Every industry today is a tech-driven industry, and without the right talent, it¡¯s impossible to keep up. This widening gap between demand for tech talent and supply of tech talent is costing employers significantly as they compete for a small pool of candidates. 

So what¡¯s behind the persistent tech talent shortage? Three things that are within a company¡¯s control: 

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How to Shift Your Talent Strategy During Economic Volatility

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Today¡¯s talent market is undergoing a major shift, and organizations are rethinking their talent strategies. After a period of massive hiring and growth, some companies are taking a step back and reducing their workforce, such as through layoffs or hiring freezes. Many organizations are taking a more thoughtful approach to hiring, selectively filling only key roles. Other companies still in growth mode see this as an opportunity to recruit top talent in a tight job market. Yet all businesses have one thing in common during times of economic volatility: a desire to shore up and future-proof their workforce against whatever comes next. 

While investments in employer branding and talent development efforts can easily fall to the wayside during economic slowdowns, companies that are in it for the long haul can¡¯t afford to press pause. Here are three things to consider as you evolve your organization¡¯s talent strategy in the face of uncertainty. 

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足球竞彩网 Assembly and LHH Partner to Launch a Hire-Train-Deploy Solution, Further Expanding Access to Diverse Junior Tech Talent for Employers

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In a world where technology is advancing faster than ever before, the demand for skilled tech workers has reached an all-time high. To help businesses keep pace, 足球竞彩网 Assembly and global talent solutions provider LHH have launched Hire-Train-Deploy (HTD), a unique solution to close persistent skills gaps, build diverse and resilient tech talent pipelines, and provide exceptional onboarding experiences that support junior tech workers. 

According to our 2023 ¡°State of Talent Acquisition¡± report, 91% of tech hiring managers are at least somewhat concerned that their recruitment and hiring methods won¡¯t be enough to fill their open tech roles in software engineering, analytics, data science, and UX design. Even if a company has every role filled today, Hired found 57% of first-year tech talent are looking to change jobs within six months.

In times of economic uncertainty, new hiring methods are required to build a more resilient workforce¡ªwhether that¡¯s by providing the proper training to retain new workers and shore up productivity or deepening the pool of diverse, skilled talent that¡¯s ready to shine and scale. 

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The State of Tech Talent Acquisition 2023

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There¡¯s an increasing demand for digital skill sets¡ªwith high-tech employment set to grow 13% from 2020-2030. Yet, as you know, the number of graduates from software engineering, data, and UX design programs isn¡¯t keeping pace. 

What we found in surveying 1,000 global talent leaders in 2022, across 10 countries, is that we still have a long way to go in addressing the deepening tech talent shortage. The courage to tackle talent challenges will require more than commitments on paper¡ªbut new mindsets and strategies that build a more inclusive and resilient workforce, brick by brick. 

In our latest report, ¡°The State of Tech Talent Acquisition 2023,¡± we partnered with Wakefield Research to help tech talent leaders get a data-driven view of what¡¯s happening and how leading companies are navigating the issue.

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Today’s Talent of Tomorrow: How the Skills-First Revolution Can Revolutionize Your Business

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Facing a labor market that has been incredibly tight for years, and a global talent pool where less than half of potential candidates hold a college degree, companies have expanded the search for talent beyond traditional applicants. That¡¯s why some employers are overhauling recruitment strategies and eliminating college degree requirements in favor of skills-based hiring.  

Between 2017 and 2019, employers reduced degree requirements for 46% of middle-skill and 31% of high-skill positions. The pandemic accelerated this trend, especially in hard-to-hire industries like Software Engineering, UX Design and Data Analytics. Major technology companies like Alphabet (Google), Meta, Netflix, Airbnb, IBM and Apple have since dropped degree requirements for many technical roles. 

If you are ready to consider overhauling our approach to recruiting your tech talent, read on for the download on skills-based hiring.?

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GA Apprenticeships, Powered by Interapt

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Apprenticeships are one of the oldest forms of education in human history, but there¡¯s something about them that still captures our imagination. It probably has something to do with their brilliant simplicity: if you want to learn a new skill, the most direct route is to just start practicing it under the supervision of an expert. It makes sense that the best learning happens when you¡¯re developing your skills in a real-world context ¡ª while earning an actual paycheck. 

With employers facing a historically tight labor market and an economy still recovering in the wake of the pandemic (not to mention declining college enrollment and mounting skepticism about the value of the four-year degree), workers and employers alike are in search of new solutions to these persistent problems ¡ª and are turning to apprenticeships. 

To help address these workforce challenges, we¡¯re launching GA Apprenticeships, Powered by Interapt, a tech apprenticeship solution designed to fast-track high-potential, overlooked talent into careers in software engineering, data, and cybersecurity. With the launch of GA Apprenticeships, employers will gain a derisked opportunity to onboard entry-level tech talent ¡ª while also enabling apprentices to earn a salary as they learn alongside senior-level developers. 

Read on to get a taste of what¡¯s involved. 

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The Top 3 Talent Challenges Facing Enterprises Going Into 2023

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We¡¯ve been hearing it for over a decade: there isn¡¯t enough tech talent to meet rising workforce demand. This story is nothing new¡ªenterprises have struggled since well before the pandemic to attract and retain technically inclined candidates, let alone diverse technical talent. In a to-come study, we found that 90% of HR leaders are concerned that they won¡¯t be able to fill their open tech positions.  

Hold on, we know what you¡¯re thinking: we¡¯re entering a global recession. This may be true, but the fact remains: the tech skills required to stay afloat¡ªlet alone compete¡ªare on the rise, without talent to fill the gap. And the gap is substantial, with nearly seven times as many current job openings there are annual computer science graduates. In fact, as of October 2022 Comptia reported 317,000 tech job vacancies in the US alone. 

But businesses aren¡¯t the only ones struggling to connect the dots. According to a recent study from LHH, 77% of workers are aware that they have a skills gap. The shortage is particularly prominent in individual contributor roles¡ªwhere only 36% say their company invests in the skills employees need to get the job done. These workers are often left either feeling stuck in undesirable positions¡ªor forced to seek opportunities to grow elsewhere. 

As we enter a new year with new challenges, what will technology and talent leaders have to look out for in 2023? 

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How ServiceNow is Building a Talent Pipeline to Meet DEI Goals

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We know that diversity in the workplace is not only the right approach¡ªbut a sure path to greater innovation and profitability too. Diverse companies are 35% more likely to outperform their competitors and 15% more likely to perform above industry medians. In the United States, for every 10% increase in senior team racial and ethnic diversity, there is a corresponding 0.8% rise in earnings. Inclusive companies are 1.7 times more likely to innovate and are 70% more likely to capture new markets. 

And yet¡­ only 44% of companies have a clear, actionable diversity, equity, and inclusion (DEI) strategy. Even when a program is in place to attract and train diverse candidates, it can be difficult to find the right talent to take part. 

We checked in with Kurdin Bazaz, Staff Design Program Manager at ServiceNow, a cloud-based workflow platform based in San Diego, to discuss how 足球竞彩网 Assembly built a talent pipeline that helped her organization meet its DEI goals. If your company is struggling to make diversity a reality, her experience may help illuminate the path forward.??

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Bridging Tech Talent Shortages: How Upskilling and Reskilling Can Help

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When it comes to tech talent, we¡¯re facing a supply and demand problem of unprecedented proportions. In the U.S. there are five jobs for every one software developer. In 2020, 4% of emerging technologies could not be implemented due to a tech executive shortage; today, that percentage has increased to 64%, according to Gartner¡ªhighlighting the impasse global enterprises face when it comes to accelerating innovation. The trend is set to continue¡ªone report indicates 85 million tech jobs may go unfulfilled by 2030 due to lack of skilled talent. 

As a result, HR and technology leaders are increasingly searching for new ways to fill their open technology roles. Depending on organizational goals, businesses have started to leverage reskilling and upskilling to ramp up the tech skills they need. 

These strategies have not only proven effective, but they¡¯re also helped increase employee retention and loyalty. Today¡¯s top talent wants to work for businesses that invest in them. In fact, 74% of employees say they¡¯re eager to learn new skills outside of work hours to improve their job performance.  

Upskilling and reskilling are often lumped together, but the two terms have very different meanings and different business use cases. Let¡¯s take a look at what distinguishes the two¡ªand how each applies to your organization.

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Is Quiet Quitting Here to Stay? 3 Employee Engagement Strategies to Beat the Quit.

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Hybrid and remote work ushered in a new era for the relationship between employers and employees. As workers reassessed their priorities and where work fits in, millions joined The Great Resignation. For employees who stayed, many opted for ¡°quiet quitting¡±¡ªa newly coined term for disengaging, or putting in the bare minimum at work. 

The percentage of engaged workers was on the decline before the COVID-19 pandemic, and the fallout from The Great Resignation and economic uncertainty has driven engagement levels to all-time lows. For example, a recent Adobe study found that employees¡ªworried about the economy¡ªare spending around two hours during each workday consuming news instead of getting tasks done.? Disengaged employees can cost organizations millions of dollars in revenue due to lower productivity. According to a Gallup poll, each disengaged employee costs their employer $3,400 to $10,000.?

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