According to ‘Tech Hiring & Technology Adoption Trends 2019’ report by Mercer Mettl explains 42 per cent companies find sourcing top tech candidates as the biggest challenge.
“Rapid digital transformation across domains has resulted in a steep rise in the demand for quality technology professionals the world over. However, as everybody is onboarding the automation bandwagon, companies are finding it increasingly difficult to recruit and retain quality tech talent. This is mostly on account of inadequate knowledge regarding tech-driven best practices and widening demand-supply gap,” Mercer Mettl CEO Siddhartha Gupta said.
The report further reveals that a competitor firm offering better pay package contributed to more than half of the reasons (60 per cent) for a candidate to decline a job offer.
Recruiters also reported to having conducted rehiring for the same position 23 per cent of the times in a financial year, it said.
The main reasons (85 per cent) that lead a candidate to accept a job offer include the pay and the quality of work, it added.
Regarding the channels used by tech recruiters to source candidates, more than one-fifth (23 per cent) of the respondents said they depend on employee referrals while 22 per cent used job portals and forums.
On the other hand, organisations (12 per cent) that conducted campus hiring reported to having the highest success rate by closing tech positions 67 per cent of the time.
The report is based on a survey of 350 industry leaders from over 200 companies of different sizes.
Further, the report revealed that one-fifth (20 per cent) of the respondents cited the time taken to close a tech position as the primary reason causing the potential engagement to fall through.
For Further Info: Mercer Mettl