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How to Find and Keep Tech People When the Market Is So Hot (Hint: Hire Tech Leaders)

January 7th, 2020

The market shortage for software engineering talent is severe right now, and it is only intensifying as we go into 2020 and beyond. However, with the right approach recruiting top tech talent doesn’t have to be a struggle. Hiring tech leaders will both expand your network and encourage other industry experts to follow. Here are 3 things to consider when hiring Senior Management and Executive-Level Technical talent.

1. There Is a Lack of Top Software Engineering Talent

Whether your company is based in one of the major hubs such as London, New York City, Hong Kong, Silicon Valley or Toronto, there simply are not enough top-notch software engineers to go around. Not even by a long shot.

There is no escaping the realities that:

1) Truly great software engineer candidates are in short supply and they know it.

2) You can be creative, responsive and extremely diligent in your approach; however, you cannot invent people.

3) If you are holding out for the very best software engineering talent, be prepared to wait it out and woo them away through whatever means necessary (money, perks, vacation time, etc.) from a host of other firms doing the exact same thing.

This is the harsh truth.

2. The Market for Senior Technical Leadership Roles Is Good

Meanwhile, the market for hiring Senior Technical Leadership roles is quietly humming along. Our Toronto technology recruiters have placed more Engineering Managers, CIOs, Technical Directors and other similar positions in the past 24 months than in the previous 16 years combined, and there are no signs of this slowing.

One of the benefits of hiring a top-notch leader is that great people usually know other great people. Quite often, these technical leaders will have other people in their networks whom they can recommend for Software Engineer or other team-based roles.

Toronto technology recruiters give tips on hiring top tech talent in a hot market

3. Getting a Hiring Edge with Executive Search

In today’s competitive market, top tech candidates often have multiple job offers within a day. Headhunters can provide more opportunities for your company’s executive search. Recruitment agencies and consultants can help uncover top talent and provide access to the best passive candidates through their expansive network.

Get More Insights from Our Executive Search Blog

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IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.

Gary Hinde

Gary is a Partner and Practice Lead of one of Toronto's most respected team of IT recruiters. He has a strong background in building and managing teams, and specializes in contract and permanent placements within the IT space. With over 15 years of IT Sales and Recruitment experience, Gary is committed to customer service and has a genuine love for working with people and solving business problems.

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