It’s no secret that the IT market, especially software development, is very much candidate led. Demand for skills within software development is continually high, with challenges to recruit skilled developers including mobile, iOS, Android, Ruby and PHP. Alongside growth in existing software houses, there have been a number of US and UK based high tech software start-ups enter the Northern Irish market in 2016. The ‘Millennial Generation’ (those born between 1980 and 1996) makes up almost half of Grafton’s candidate base. With new technologies continuing to emerge, millennials come with a fervour for technology and innovative ideas which inspires companies to excel.
Not surprisingly, financial reward is important to millennials, but an opportunity to learn and develop is also key to attracting new talent. Research has shown that millennials move due to lack of opportunity with their current employer. Millennials need to be challenged, to be engaged, and to feel they play an important role in developing the company they are with.
Leadership is a key motivator; millennials want to work in a business with great leaders who they can learn from but they also want to ensure their value as future leaders is recognised with the opportunity to develop these skills and receive relevant training and have a clear career progression path.
Millennials have seen first-hand the impact of the last recession and are alert to changing economic conditions in the marketplace and its potential impact on the businesses they work in. While they certainly wish to see a greater focus on the needs of the individual, they understand it must be financially viable for the company to do so.
A recent study by Deloitte has shown that Millennials represent an increasing share of the workforce, and a growing number now occupy senior positions. “They are no longer leaders of tomorrow, but increasingly, leaders of today—as such, their views on how business does and should conduct itself are of more than academic interest.”
So how do we retain these vital resources in our businesses?
Grafton’s Specialist IT Team believe it’s essential for organisations to differentiate themselves via their culture and work environments and benefits on offer. Getting the offer right is much more than financial reward. Investing in development programmes, stimulating growth within the team and truly understanding the different motivations across your workforce is vital. This will lead to a proactive approach to future business and company hiring plans, which can truly make organisations across Northern Ireland flourish.