Scroll Top

4 Tips for Leaders Navigating a Global Talent Shortage

The world has gone through some incredible changes lately. The effects of these changes are most evident in the talent shortages that have affected job markets across the globe. Today’s business leaders must adjust their hiring strategy to match a radically altered employment landscape.

But these talent shortages are putting many leaders in a tough spot: They can’t run their business without adequate staff, but they don’t have the time and resources to focus on hiring.

We’ve put together four tips for business leaders trying to understand and adjust to global talent shortages in a candidate-driven market.

1. Offer Remote Work Options 

The traditional on-site workplace is going virtual. Remote work has become more prevalent across multiple industries, allowing employees to enjoy a more flexible work environment. And luckily, there are many industries like information technology in which employers don’t need employees on site to function. 

While remote work options remain a hot topic for many employers, businesses are increasingly discovering the many benefits to opening their ranks to remote employees beyond the notable overhead costs that can be avoided. 

By offering remote positions, you’re widening your pool of potential applicants beyond the borders of your local area. However, if you go this route, you will need to consider occupational tax and benefits requirements wherever your newest tech-tethered employees live. Employers should take the time to learn the tax and labor laws of their home state and any states where remote employees are based.

2. Take Advantage of a More Involved Interview 

Resumes are getting harder to interpret. They indicate little about your candidate’s needs or what they’re actually looking for in an employer. The best way to ensure that your next recruit will be a solid placement is to take a more involved approach to your interview process to get to know them. Even evaluating candidates virtually will help you better understand their motivation to work and determine the kind of personality they have.

Conducting more involved interviews could be as simple as avoiding generic or unfocused conversations. For example, you’ll be more likely to discover whether your candidate will be well suited for your company culture and, if low turnover is your goal, whether they’ll be more likely to stick around for the long term. By relying less on a strict interpretation of the resume and taking the time and attention to really get to know your candidate, you’ll make better placements overall.

3. Provide a Roadmap to Growth 

Thanks to talent shortages across a multitude of industries, the professional world is more oriented than ever before toward catering to the employee. With the available talent being devastatingly low, businesses must make their open positions as appealing as possible to attract top talent. 

Given that very few professionals are interested in careers with little job security, they want to know that they will have the opportunity to grow with your organization. Therefore, providing a breakdown of the opportunities for financial and professional advancement as time goes on offers them more clarity into the future of their role. It makes working with your organization a much more attractive prospect for professionals looking not just for a job, but to stay, grow and build a career.

4. Work With a Recruiting Firm 

As we mentioned, many business leaders can’t run their businesses without adequate staff, but they don’t have the time and resources to focus on hiring. So, what if you took the primary burden of recruiting and hiring off your plate? 

 Recruiting agencies like ITAC Solutions can be transformational allies in staffing your business. They can tailor their search parameters to the qualifications and experience you’re looking for while relieving the burden of recruiting and hiring. Especially with today’s talent shortages, partnering with a comprehensive recruiting expert allows you to find career-ready candidates far more efficiently than you ever could on your own. 

 It’s typical for recruiting agencies to handle background checks, assessments and administrative tasks to quickly evaluate and verify a potential candidate’s skills without creating extra work for employers. This means you can use your time exclusively to focus on what you do best—serving your customers—while saving you and your company the extra stress of finding qualified talent in a limited job market. 

 If you opt to work with a recruiting firm to handle your hiring needs, it’s important to go into the partnership with open communication. The benefits of working with a recruiting agency go beyond just finding a candidate with a suitable skill set and experience. You’re seeking someone whose character and values align with your company’s. By openly sharing plenty of insights on your company’s culture and what it’s really like to work there, you’ll better equip recruiters to identify the best candidates for your organization. 


Take the Lead in The Hiring Race 

We know that hiring for technical roles is highly competitive and that you want the best. If you’re willing to give a recruitment firm a chance, our team at ITAC Solutions can help. We’ll take the time to understand your company’s specific needs to find the best fit for your open roles and company culture. Together, we can power through today’s talent shortages. To get started, contact the team at ITAC Solutions today.