Killing the Talent Scarcity in IT services companies

Not through force, but with empathy and care...

Talent Scarcity In IT Services
Talent scarcity is a real thing” - Anonymous

“The market is no longer driven by corporates.”, one of the Senior Recruiters told me. “It is driven by the candidates now.”

When I asked her to elaborate, she said, “A few years back, there was a scarcity of jobs in the IT Service industry. And hence, the candidates were desperate to get a job in an organization. The organizations had an upper hand. But now, it is the other way round.”

My job requires me to talk to Recruiters, Senior Recruiters and sometimes even the Thought Leaders in this industry. And somehow, the same pattern kept repeating.

Candidates seem to be driving the market.

I decided to dig a little deeper into this.

A quick introduction first.

My name is Pranav. I am an Interview Mochaite and I contribute in areas of Product Marketing and Communication.

Let's take a look at what these reputed sources are saying about Talent Scarcity...

  • 1. Old reality was “Jobs are scarce”. The new reality is “Talented people are scarce." - Paweł Wójcik in his paper, Shortage of Talents – a Challenge for Modern Organizations
  • 2. “72% of CEOs in PwC’s latest survey say they are worried about the availability of key skills.” - PwC Canada says
  • 3. “In 2030 that talent shortage could result in about $8.5 trillion in unrealized annual revenues.” - Korn Ferry Institute.

There were many. But I think you get the point.

Can Hiring Managers and the Talent Acquisition team be best friends?

You may say I am a dreamer.

But is this possible? Can the 2 departments get along? In fact, can the departments help each other progress?

How often do we hear the Hiring Manager complaining about the fact the Talent Acquisition team is not filling in the job roles within their deadline?

How often does the Talent Acquisition team gets frustrated because of the unrealistic requirements from the Hiring Manager?

A lot has been said about the friction between the Hiring Manager and the Talent Acquisition team, and rightly so. It is certainly something that affects the performance of the Talent Acquisition team...

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