{"id":3307,"date":"2024-11-15T13:33:20","date_gmt":"2024-11-15T05:33:20","guid":{"rendered":"https:\/\/arc.dev\/employer-blog\/?p=3307"},"modified":"2024-11-15T15:03:20","modified_gmt":"2024-11-15T07:03:20","slug":"tech-talent-evolution-report","status":"publish","type":"post","link":"https:\/\/arc.dev\/employer-blog\/tech-talent-evolution-report\/","title":{"rendered":"The Tech Talent Evolution: Find Specialized Skills with Global Hiring"},"content":{"rendered":"\n

We\u2019re still in a tech talent shortage\u2014and yes, we know that sounds crazy with all the recent layoffs<\/a>. But even as tech jobs are cut, the demand for specialized skills keeps climbing. Hiring managers everywhere feel stuck in this gap between talent availability and the expertise companies actually need.<\/p>\n\n\n\n

Our latest Tech Talent Evolution<\/em> report, which we created with our EOR partner Multiplier, digs into why this is happening and how global hiring is stepping up as a powerful solution. Here’s what we learned and why it matters to your hiring strategy.<\/p>\n\n\n\n

Why It\u2019s Not Just About \u201cMore Talent\u201d<\/strong><\/h2>\n\n\n\n

As Jeff Lam<\/a>, Arc\u2019s Director of Recruiting, puts it: \u201cThe current hiring challenge is not a general talent shortage, but a high demand for specialized expertise that has intensified over the past two years.\u201d So, even though companies like Intel, Cisco, and Apple are laying off thousands, tech companies are still struggling to find people with critical skills in areas like AI<\/a>, cloud computing<\/a>, and cybersecurity<\/a>.<\/p>\n\n\n

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The Rise of Global Hiring<\/strong><\/h2>\n\n\n\n

One trend from our research is the shift to global hiring. With remote work now the norm, companies can source talent from anywhere, not just in their local markets. And we\u2019ve seen this open up a huge opportunity for tech companies to find the right skills faster and more affordably by tapping into emerging markets.<\/p>\n\n\n\n

As Jeff explains, \u201cCompanies need to turn to specialized talent marketplaces like ours to source skills from around the world. They cannot find these people on job boards alone because of the overwhelming amount of generalized talent.\u201d<\/p>\n\n\n

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According to the report based on data from Multiplier, US-based companies are hiring from India, the Philippines<\/a>, Canada, Indonesia, Brazil<\/a>, Pakistan, and the UK.<\/p>\n\n\n\n

Why Remote and Freelance Talent Work<\/strong><\/h2>\n\n\n\n

Hiring globally isn\u2019t just about getting more resumes but finding the right match. It allows companies to hire remote talent<\/a> working from regions with lower living costs, making hiring more budget-friendly. It also allows companies to scale up or down with freelance talent<\/a> based on project needs, a massive advantage in this unpredictable market.<\/p>\n\n\n\n

\u201cCompanies often opt for this option before hiring full-time tech talent,\u201d Jeff adds. \u201cThere\u2019s a lot of uncertainty in the market, so it\u2019s hard for companies to predict their budget. If they have a project requiring specialized skills, it\u2019s difficult to know whether it is enough to satisfy a full-time hire.\u201d<\/p>\n\n\n

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Key Takeaways from the Report<\/h2>\n\n\n\n

Here\u2019s a quick look at the insights from our Tech Talent Evolution<\/em> report:<\/p>\n\n\n\n