Insights from Gravity’s LinkedIn Polls on Tech Hiring Trends and Challenges in 2024
Each month on LinkedIn, we facilitate a series of LinkedIn polls to gauge the current state of a popular topic amongst our customers and industry. This month featured survey questions around tech hiring, the challenges companies face, and the strategies they employ to source top talent. The results provide valuable insights into the ever-evolving landscape of tech recruitment and in this case, how Gravity’s staffing services and hiring models can help organizations navigate these challenges.
Tech Hiring Challenges in 2024
Our first poll revealed that the biggest challenge companies faced in tech hiring this year was adapting to remote and hybrid work environments (35%), followed by employee retention (24%), finding candidates with the right technical skills (23%), and the competitive talent market (18%). These findings underscore the need for flexible and innovative hiring solutions that can help companies attract and retain the best tech talent in a rapidly changing world.
Prioritizing Tech Roles
When asked about the tech roles companies are prioritizing in 2024, data scientists and data analysts topped the list (29%), closely followed by AI/ML engineers (27%), cybersecurity specialists (23%), and full-stack developers (21%). This highlights the growing importance of data-driven decision-making and the need for robust AI and cybersecurity capabilities in today’s digital landscape.
Gravity’s poll from week #3 – Tech Hiring Budgets
Tech Hiring Budgets
Interestingly, despite the high demand for tech talent, 51% of respondents indicated that their tech hiring budgets had decreased slightly compared to 2023. Only 21% reported an increase in their budgets, while 29% said their budgets remained the same. This suggests that companies are looking for cost-effective solutions to meet their tech hiring needs without compromising on quality.
Sourcing Tech Talent
Our final poll for May explored the primary ways companies are sourcing tech talent in 2024. Internal referrals and networking emerged as the most popular method (39%), followed closely by posting on job boards (37%). Partnering with staffing firms came in third at 24%, while attending job fairs received no votes. This underscores the importance of leveraging existing networks and specialized recruitment services to find the best tech talent in a competitive market.
How Gravity Can Help
At Gravity, we understand firsthand the unique challenges companies face in tech hiring and have developed a range of staffing services and hiring models to address these needs. Our extensive network of highly skilled tech professionals, combined with our deep industry expertise, allows us to quickly connect organizations with the right talent for their specific requirements.
Moreover, our flexible hiring models, including contract, contract-to-hire, and direct placement, enable companies to adapt to the changing demands of the tech landscape while optimizing their hiring budgets. By partnering with Gravity, organizations can tap into a pool of pre-vetted, experienced tech professionals who can hit the ground running and deliver immediate value.
Recognizing the budgetary constraints that many companies face, Gravity also offers nearshoring solutions that can help organizations access top-tier tech talent at a fraction of the cost of onshore resources. By leveraging our global network of skilled professionals aligned with your timezone, companies can realize cost savings of up to 40% compared to hiring onshore talent, without compromising on quality or expertise. This approach allows organizations to stretch their hiring budgets further and build high-performing tech teams that can drive innovation and growth.
What Next?
The insights gleaned from our LinkedIn polls paint a picture of a dynamic and challenging tech hiring landscape in 2024. As companies grapple with the need to find the right technical skills, adapt to remote and hybrid work environments, and retain top talent, Gravity stands ready to support them with our comprehensive staffing services and hiring models. By leveraging our expertise and network, organizations can stay ahead of the curve and build the tech teams they need to thrive in the digital age.
If you’re looking to close skill gaps, save time and money, and support your organization’s digital transformation and 2024 goals, we invite you to connect with one of our practice area subject matter experts. Our knowledgeable team is dedicated to understanding your unique needs and tailoring our solutions to help you achieve your objectives. Whether you’re seeking to build a cutting-edge AI team, enhance your cybersecurity capabilities, or drive data-driven decision-making, Gravity has the expertise and resources to help you succeed. Don’t hesitate to reach out and discover how partnering with Gravity can propel your organization to new heights in the fast-paced world of tech.
About Gravity IT Resources
Gravity is a Human Capital Management company headquartered in Fort Lauderdale with offices across the country including Atlanta, Austin, Charlotte, Columbus, Cincinnati, Salt Lake City, San Diego and Tampa. Our company has been recognized by Inc. Magazine as an “Inc. 5000” award winner and one of the fastest growing privately held companies in the United States for the last 5 consecutive years (2019, 2020, 2021, 2022, 2023).
Gravity helps prominent clients like Salesforce, Chewy, Carnival Cruise Lines, AutoNation and hundreds of other big and small companies to identify, recruit and hire IT professionals for their most critical projects and jobs. Our recruitment spans across various roles, including artificial intelligence (AI) specialists, software engineers, cloud engineers, project managers, data engineers, business analysts, security engineers and more.
To serve clients effectively, Gravity offers a range of delivery models and services, encompassing:
- Contract, Contract-to-Hire & Direct Hire of US-based Resources
- Nearshore Staff Augmentation
- Managed Team Services
To learn more about Gravity IT Resources practices, career opportunities and culture, visit https://www.gravityitresources.com/.
