The way people perceive work and its significance in their lives has dramatically changed, resulting in the most substantial talent crisis of our time. Presently, 41% of global employees are contemplating resigning from their positions, and 36% of them leave without having secured their next job. Although many engineers prefer working for global corporations, attracting top-quality engineers is possible for companies that aren't household names. [In fact, it’s your secret weapon, just not enough amazing people know about you yet]
Previously, job security, reasonable compensation, or a tangible career opportunity were enough to draw people to organizations.
Now a massive number of engineers not only want to feel invested in the work they do, but they also want to see that their employer is invested in the same things they value and believe in. With so many companies competing for the same talent pool, a well-thought-out strategy is crucial to set your company apart. This article will show you how you can overcome these
challenges and attract top-quality engineers.
1. Strong Employer Brand – we see A LOT of them, the good the bad and the ugly!
A strong employer brand is essential in attracting top talent to your company. It refers to how people perceive your organization as a place to work. Showcase your company's culture, values, and mission. Highlight your team's achievements and positive workplace
experiences on your website and social media channels. Share your company's story and vision to attract individuals who align with your values. This should help you stand out as an employer of choice and is key to retaining top engineers in today's competitive job market. If you want a free employer brand assessment and learn how to showcase what really matters most to a candidate, we can show you what you need to be presenting online, in interviews, in a job description, in offer letters, the list goes on!
2. Competitive Compensation Package – what does that even look like these days?
A comprehensive salary and benefits package not only helps attract the best candidates but also keeps them engaged in the long run. While budget constraints are common in startups, offering competitive compensation can help you stand out. Moreover, equity options can be a compelling incentive for many engineers. Being a part of a growing company and earning a stake in its success can be a powerful motivator.
SHAKE YOUR MONEY MAKER! Emphasize equity options in your job postings and explain how they can benefit employees in the long term. This can help attract candidates who are not only looking for immediate compensation but also long-term growth opportunities. Day in day out we speak to ~90 candidates every day across engineering in hypergrowth tech. If you want feedback on whether you’re paying enough, too much, not enough, industry- specific salary trends, equity structuring models, schedule a call with us today.
3. Hire anywhere – globally.
It’s tragic that so many hypergrowths are missing out on exceptional talent, because they’re not physically able to employ people in certain areas of the world. By leveraging the expertise of skilled individuals globally, businesses can improve and expand more rapidly, surpassing their rivals. It’s easy, when you know how. Click here to get more info.
4. Emphasis on DEI
(Hint - you can probably get help with this from point 3!)
Diversity, equity, and inclusion (DEI) have become critical factors that potential employees consider while choosing their workplace. Nowadays, potential employees consider these factors while choosing where to work. To ensure that your DEI initiatives are authentic, consider clearly outlining anti-discrimination policies in your employee manual, conducting regular meetings and seminars to educate employees on the benefits of inclusivity and multiculturalism, and encouraging employees to offer suggestions on increasing DEI in the workplace. It's crucial to be transparent and authentic in your approach. When potential employees see a company's commitment to DEI, they're more likely to join the team.
5. A World Class Candidate Experience
(High value tip: get the most senior person in the decision-making process involved early)
Providing a top-notch candidate experience sets a positive tone for the company's culture. Candidates who feel valued and respected are more likely to form a positive perception of your company, regardless of the outcome. Our team at Org3D specialize in creating a seamless and exceptional candidate experience from start to finish. We recognize the significance of regular and timely communication and feedback throughout the recruitment process, ensuring that candidates receive regular updates on their application status. With our expertise, you can rest assured that your candidates will have a positive and memorable
experience with your company.
In conclusion, the race to hire top engineering talent in 2023 is already heating up, and you don't want to be left behind. Your startup needs to stand out from the rest and offer a competitive edge to lure in the best and brightest engineers.
At Org3D, we understand what it takes to build a successful tech team, and we're committed to helping you achieve just that. With our Scale3D talent solution, we use proven assessment tools and unique sales profiling insights to identify the top candidates
for your team, giving you the edge over your competitors.
Get in touch today so we can help you grow your business and achieve your goals.
P: +1 (646) 980 6760
E: hello@org3d.com