August 10, 2023
Following the COVID-19 pandemic of 2020 came the Great Resignation of 2021. Three months into 2023 and the market is still holding 300,000 more vacancies than it did three years ago [1]. This means that organisations across all industry sectors are in fierce competition for the skills that they need, often resulting in the tech industry experiencing project delays.
Keeping projects on track requires the early identification and resolution of red flags. Many project red flags have the same root cause - insufficient resources. A project can only run to time, cost, and quality if it is adequately staffed. Expecting to deliver to stated KPIs without the necessary workforce stands as much chance of success as writing your business case in invisible ink and expecting it to be approved.
It's no secret that right now, there are key skills shortages across the tech sector, and those professionals with the right knowledge and experience are subsequently finding themselves in very high demand. For employers looking to secure this kind of talent, the race is on to beat their rival organisations to attract and retain the people they need in order to make their business objectives a reality.
One way to circumnavigate this particular battle is to rethink the composition of the workforce. Whereas once it was the norm to have a majority of permanent employees, now it could make more sense to bring in a higher proportion of temporary contractors and interim hires. Not only can this allow any organisation to fill any short-term skills gaps, but it can also offer them the agility to quickly move on to the next business challenge, delivering a new roster of candidates with the right knowledge and experience. It goes without saying that in a fast-paced tech market, this ability to pivot can offer an enterprise a distinctive competitive edge over its rivals.
“Research published by Wiley in January 2023 found 69% of companies suffer from a substantial skills gap. To correct this, 41% of the HR professionals surveyed said they use contractors.”(1)
Switching to a blend of permanent, contract, and interim hires can also deliver some significant fiscal savings. Consider the cost of a recruitment drive. In addition to the time involved in finding, screening, and interviewing the right candidates, which will naturally impact on the productivity and efficiency of the affected departments, there is also a very real cost implication in the process.
Contrast this with the ability to simply identify the skills needed in order to achieve a business objective or project, and then have the ideal personnel brought in ready to start work without delay. When the project in question is over, should the skills no longer be essential to the organisation, these personnel can simply be replaced seamlessly with those who are ready to help take the business in its next direction. The result is not only less stress and disruption for all involved, but also greater efficiency, and, ultimately, better results.
Communication issues are a barrier to successful delivery. They must be identified early, and correct lines of communication established and rigorously implemented. Failure to do so can result in extraneous work being performed, tasks being double-tapped or missed altogether.
Communication issues can create morale issues within a team and result in the project outcome bearing no resemblance to its original requirement - and that is in the unlikely event that it is ever delivered at all!
Discover how strategic staffing can transform your organisation by partnering with an expert in delivering high calibre tech talent. At Addition+, we understand the challenge of creating recruitment strategies that work and our commitment lies in matching top-notch individuals with the perfect positions, ensuring optimal career prospects for all.
We are committed to helping you identify and take the right steps to ensure successful project completion. Contact Addition+ today to unlock the full potential of your tech transformation project.
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