A Shift In The Technology Talent Landscape
Written by Gareth Fleming.
As market stability and growing economic confidence returns to the EU, things are changing in the technology sector for those of us trying to hire in this space.
Not so long ago when the recession was at its height strong tech talent from those regions hit worst by the downturn was in demand with huge salary increases and a better lifestyle on offer abroad.
There was huge demand for this talent, nowhere more-so then here in Ireland as we became somewhat of an R&D hub for the EU attracting every pillar name there is in the tech world. The demand remains of course but those regions hit hardest by recession are returning to former glory and now that those most sought after candidates can earn a good living at home they are less inclined to leave.
Tech talent has over the last 2 years become less motivated to move by money and increasingly motivated by the opportunity to work in leading edge environments with new tech, with strong peers, stronger management teams and in great collaborative environments.
Employers hiring tech talent successfully right now are the employers who were early adopters of this notion, they have become brilliant at tapping into these large passive pools of candidates offering not just a strong package but a stronger workplace.
There is the obvious talk of a massive IT skills crisis in the EU right now, to a certain extent this is true particularly in terms of home-grown talent here in Ireland, but this is predominantly true only for those companies not willing to embrace this new reality.
In tech, money is no longer king, however it does still play an important part. Tech talent moving to economically superior parts of the EU have higher rent costs, higher taxes, increased living expenses and as a result less available cash. Some companies have begun to counter this by opening their virtual doors to remote talent. With the evolution of remote technical work companies in high cost regions now have the ability to attract and most importantly retain stronger tech talent living in low cost areas.
Because of this, vast amounts of tech people who moved abroad during the recession are returning home. They return home to a better standard of living with increased technical skills and excellent English under their belts. As this exodus happens further tech hubs have begun to pop up across the EU in Poland, Spain and Italy, Portugal’s tech presence continues to grow, now the proud hosts of the superb Web summit.
As people return home from the likes of Ireland and the UK, and with a skills shortage in place, countries like ours are now opening their doors to those candidates from outside the EU. The Irish government continues to welcome people from all over the globe, most IT candidates from outside the EU qualify for the much lauded Critical Skills Permit, an easy enough process for those companies willing to hire on this basis.
With the revised Visa process, employers can increasingly dip into a global talent pool and bring in talent form the likes of Brazil, India and North and South Africa.
With this new development and a massive shortage of available property to rent or buy particularly round the major cities here in Ireland companies are also now willing to offer great relocation assistance to those moving from abroad ensuring the transition is as easy and cheap as possible.
Even with all of the above change, demand continues to increase as technology permeates every area of life. An already stretched supply means those of us recruiting on a global stage need to stay ahead of the curve and embrace anything we can to attract and retain the best technology talent.
Gareth Fleming, Director
01 874 6770