The Power of Global Sourcing Strategies in Engineering Recruitment
Developed countries like the US, UK, Canada, Germany and Australia need more engineers. However, there is a lack of continuous supply of skilled engineers in their home country.
Every year the USA needs about 400,000 new engineers (BCG). New updated skills are required, keeping key engineering roles unfilled in the US. According to the Bureau of Labor Statistics (BLS), the demand for skilled engineers will increase by 13% from 2023 to 2032.
The US is not the only country with an engineering talent shortage. As per predictions, there will be a deficit of 700,000 engineers in Japan by 2030 (Japan Ministry of Economy). Germany reports a STEM talent shortage of 320,000 as of 2022 (German Economic Institute). 19.5% of engineers in UK currently working will retire by 2026, leaving positions unfilled due to a lack of new-age skills, experience & knowledge gap.
What’s making it hard to hire top engineering talent?
There is a significant gap between the demand for engineering roles and skilled engineering in the market. Many roles remain unfilled or semi-filled due to lack of supply of skilled engineering professionals.
Engineering is one of the professionals that faces issues like insufficient professional training, lack of coordination between industries and formal education in universities. Clearly, there is a mismatch between in-demand engineering skills in industries and available talent.
Article by BCG says that in the next 10 years there will be unfilled positions in industrial, civil, electrical and software engineering amounting to 186,000 open positions in USA alone by 2031.
The Need of the Hour — Global Sourcing Strategy
In the ongoing war for talent, attracting, hiring, onboarding and retaining top talent has become mission impossible!
Or not, if you have the right strategy fit for today’s changing business landscape.
The future of talent sourcing is global!
It is key modern business strategy harnessed by multi-national companies contributing to their growth and new opportunities. It is especially useful for growing businesses and companies expanding their operations beyond borders.
The 5 Tactics to Hiring Top Talent
Overcome Location Restrictions Â
No more limiting your sourcing strategy to local hiring! Time to look beyond borders when it comes to finding and attracting top talent especially STEM / Engineering/ Healthcare. The chance of getting the world’s top talent is higher in talent-rich countries like India.
Target Passive Job Seekers Â
Often times top talent or senior talent aren’t actively looking for jobs. Organizations need aggressive hiring and open to new approaches when it comes to convincing potential candidates (especially when you are looking overseas).
Let Your Brand Be Known Â
Needless to say, potential candidates like to work for well-known organizations and brands. Opening doors to global talent sourcing makes your brand be known GLOBALLY! Also, a perfect way to showcase company values and purpose (gives them reason to join).
Invest In The Best Global Recruitment Agency Â
Partner with IndieTalent for top engineering talent or any expertise you need. With 30+ years in talent management, we know how to find the best candidates. Our innovative strategies, local market insights, and global candidate prep give us the edge over in-house recruitment.
Network and Build Relationships Â
Look for platforms to network and directly communicate with potential candidates. Reach out to candidates and share details about projects, budget etc. and build the initial trust. Then proceed with initial interview. JobsPassport is the best platform to connect with candidates globally.
Google’s Global Talent Powerhouse
Google’s global recruitment of top talent powers its innovation and product development. Its diverse, inclusive workforce is key to its reputation as a ‘happy workplace.’ By offering competitive salaries and a rigorous hiring process, Google continues to attract international talent, driving its sustained success.
Google is able to attract the best foreign talent. This strategic approach to hiring ensures that the company stays ahead of the curve, continuously driving its global dominance and success in the tech industry.
What Makes IndieTalent Unique?
In addition to our proficiency in international placement, we provide the essential assistance required to successfully negotiate the complexities of the worldwide labor market.
Your Benefits:
- Reduced Turnover Costs: With our thorough vetting process, we ensure you hire the right candidates who are committed for the long term, reducing the costs associated with employee turnover.
- Mitigated Hiring Risks: We assess candidates holistically to minimize hiring risks, ensuring that you get professionals who align with your organizational goals and culture.
- Customized Recruitment Strategies: Every company and candidate is unique, and so are our solutions. We design tailored strategies that fit your specific needs.
- Long-Term Partnerships: At IndieTalent, we don’t just fill roles; we build lasting relationships. Our goal is to be a trusted partner that helps you meet your recruitment goals.
Make IndieTalent your international career partner and meet your goals of working overseas a genuine and satisfying reality. Connect with us today!
