3 trends to win the war for tech talent in 2022

3 trends to win the war for tech talent in 2022

The war for tech talent has never been so intense. According to the 2019 PWC annual global CEO report, more than 70% of CEOs expressed concerns over the scarcity of tech talent over the past five years. Singapore is not an exception. The country has faced a lack of technical talent, particularly on the engineering/programming/coding fronts.

Is your company planning to hire software engineers? Here are the 3 tactics that have helped organizations across countries attract and retain their talent.

Tech talents’ top priorities when picking a new job

Work-life balance surpasses even compensation & benefits package for job seekers
Work-life balance trumps even bank balance for job seekers

Flexibility matters

Data from the 2022 LinkedIn Global Talent report shows employees are more likely to feel happy and stay with companies whose time and location are flexible.

To add more, candidates seem to engage 35% more when employers voice their flexible work style in job posts.

Job seekers are more likely to choose employers whose time
& location are flexible
Job seekers are more likely to choose employers whose time & location are flexible

The report also points out Gen Z and Millennials job seekers are more attracted by job vacancies mentioning the company’s work flexibility.

In the past few years, tech companies have made good use of this trend to get the attention of software engineer candidates who are Gen Z and Millennials by building and communicating their flexible working styles in their job posts and social media.

We see a similar result as we hire remote Vietnam software engineers for Singapore-based firms. Aside from compensation, flexible work culture and a people-focused environment are the top reasons that lead candidates to consider a company’s job offer.

Gen Z & Millennials are more attracted by jobs mentioning company’s work flexibility
Gen Z & Millennials are more attracted by jobs mentioning company’s work flexibility

Top candidates usually care about company culture

At times, the reason job seekers choose your job over others’ is not because of handsome packages or attractive bonuses, but just simply because of your company culture.

While top talented candidates are not easy to get, raising their offered salaries may not work all the time. Not to mention it’s not a sound option for the employer side either. It’s when cultural fit can come to the rescue.

Because top performers are always looking for ways to improve. They value constructive feedback and learning cultures. A study from Harvard Business Review shows that 50% of high performers say they expect monthly sit-downs with their managers, but in fact, only 53% of them get the feedback they need. A culture that embraces thorough feedback can help companies not only attract but secure top talent in the long run.

Find and hire great people, and not just that

Software engineering roles are not easy to fill. We hope the 3 trends we’ve just shared above will help ease the process of hiring candidates.

If you’re interested in seeing what we have helped our clients hire and secure the right remote tech talent in Vietnam, leave us a message here and we’ll soon get in touch.

Ready to hire remote software developers in Vietnam with us?
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