Tech Layoffs & A Large Talent Pool Mean It's More Important Than Ever to Work With A Recruiter
In recent times, the job market has witnessed a significant shift, especially in the tech industry. The current economic downturn, inflation, higher interest rates, overhiring, and COVID-19 pandemic job correction has resulted in many tech companies laying off employees.
As a result, there is currently a surplus of tech talent in the job market. Since the beginning of this year, 128,202 tech employees have been laid off, according to Layoffs.fyi. However don’t be fooled, tech companies are still hiring and are overflowing with job applications due to the large talent pool.
Leaders in talent acquisition, marketing, and sales alike have all expressed to Sloane Staffing recruiters that they are flooded with talent applications and urgently need help to narrow down which candidates are going to be a good fit for their company. In this blog post, we'll explore why tech companies should work with recruiters, even during times of surplus tech talent due to layoffs.
Narrowing down an overflowing pool of candidates
While it may seem that there is an abundance of tech talent available, it's still challenging to find the right candidates. Tech companies are overflowing job applications, and recruiters who specialize in tech can identify the best fit for your company's needs. They are experts in sourcing and screening candidates and can save you valuable time and resources by presenting you with the top candidates for the job.
Expertise in matching candidates with company culture
A Sloane Staffing recruiter's job isn't just to find a candidate with the right technical skills, but also to find someone who will fit into the company culture. Cultural fit is crucial in ensuring that new hires will be productive and happy in their roles. Recruiters are experts in matching candidates with company culture, which can lead to long-term employee retention and job satisfaction.
Quick and efficient hiring process
Hiring can be a long and tedious process, especially when you have to sift through countless resumes and conduct multiple rounds of interviews. We often hear from hiring managers that their job openings will be open for 3 months because they can’t sift through all of their applications.
Working with a recruiter can streamline the hiring process and help you find the right candidate quickly. Recruiters have already done the legwork of finding qualified candidates, and they can present them to you in a timely manner, allowing you to make a hiring decision faster.
Saving money with cost-effective hiring
While it may seem counterintuitive, working with a recruiter can be a cost-effective way to hire new employees. Recruiting and hiring can be a time-consuming process, and the cost of recruiting, screening, and interviewing candidates can quickly add up. Working with a recruiter can help you save time and money by finding the right candidates faster and streamlining the hiring process.
Competitive advantage
In a market where there is a surplus of tech talent, it's crucial to have a competitive advantage. Working with a recruiter can give you that advantage by providing you with access to top talent that may not be actively searching for jobs. Recruiters can also help you sell your company to potential candidates, highlighting your company's unique culture, benefits, and growth opportunities.
In conclusion, even with a surplus of tech talent due to layoffs,there has never been a smarter or more urgent time to work with a recruiter, especially those who specialize in tech talent. Recruiters can sift through overflowing job applications, expertise in matching candidates with company culture, a quick and efficient hiring process, cost-effective hiring, and a competitive advantage. By partnering with a recruiter, tech companies can find the right talent for their company quickly and efficiently, leading to long-term employee retention and success.
