“Despite Tech Layoffs, Competition for Talent Remains Fierce”
In today’s fast-paced and ever-evolving tech industry, building a strong and healthy tech hiring pipeline is essential for any company looking to stay competitive and stay ahead of the curve. However, with the constant growth and expansion of the tech industry, finding and hiring the best and brightest in the field has become increasingly difficult, making it essential for tech recruiters and HR directors to find new and innovative ways to source, attract and retain top talent.
One solution that has proven to be highly effective in the tech recruiting industry is coding competition-based tech events. At DevOlympics, we specialize in providing inbound tech recruiting services through tailored coding events that are designed to build, and maintain outstanding employer branding and build a healthy long-term tech hiring pipeline.
In this article, we will explore the six main reasons why coding competition-based tech events are the only scalable way to achieve this.
Cost-effective and efficient recruiting
One of the biggest advantages of coding competition-based tech events is that they are a cost-effective and efficient way to identify and evaluate candidates. Unlike traditional recruiting methods, such as headhunters, coding events do not require a significant investment of time or money. Furthermore, they allow companies to assess a candidate’s skills and problem-solving abilities in a short period of time, making it easier to identify the best candidates for the job.
Building a strong employer brand
In today’s competitive job market, building a strong employer brand is essential for attracting and retaining top talent. Coding competition-based tech events are an excellent way to showcase and share your company’s culture and values, as well as the skills and abilities of your current employees. This not only helps to attract top talent but also helps to retain current employees by making them feel valued and appreciated.
Attracting passive candidates
Given the shortage of qualified talent applying to job vacancies, recruiters need to get creative about sourcing candidates. One tactic is tapping into the vast pool of passive candidates who comprise 70% of the global workforce. Devoting time – and considerable effort – to researching, identifying, and engaging with professionals who aren’t actively looking for a new job may seem counterintuitive to recruiters. However, coding competition-based tech events are an excellent way to attract and engage passive candidates, as they provide a fun and interactive way for candidates to showcase their skills and connect with potential employers.
Building a long-term tech hiring pipeline
One of the biggest challenges facing tech recruiters today is building a long-term tech hiring pipeline. Organizing coding competition-based tech events used to be the privilege of ‘Big Tech’, because it is an outstanding and niche way to reach a very critical and specific technical audience. It provides a unique and engaging way for companies to connect with highly skilled and motivated individuals who are a perfect technical fit for their teams. Furthermore, by building relationships with tech professionals who may not be a fit for a job today but could be tomorrow, companies can establish a positive association with the employer’s brand, making it easier to fill their hiring pipeline in the long run.
Scaling your recruiting efforts (when you need it)
As the tech industry continues to grow and expand, scaling your recruiting efforts in the right moment becomes increasingly important. Coding competition-based tech events provide an excellent way to scale your recruiting efforts, as they allow companies to connect with a large number of candidates in a short period of time. As an added bonus, they provide a cost-effective and efficient way to identify and evaluate candidates, making it easier to scale your recruiting efforts as your company grows.
Improving the candidate experience with Artificial Intelligence
In today’s job market, the candidate experience is more important than ever. Coding competition-based tech events supported by AI candidate management provide an excellent way to improve the candidate experience, as they offer a unique and engaging way for all candidates to showcase their skills, and connect with.
DevOlympics specializes in AI-assisted inbound tech recruiting and tech events. Reach out to discuss your needs: