A recent Gartner survey reveals that only 19% of HR leaders are prepared to bridge the recruitment gap, even though the shortage of critical talent is the No. 1 trend impacting organisations. As employee lifestyle preferences and career goals continue to evolve, companies find themselves competing with peers to fill headcount. We’re breaking down three recruitment and retention challenges that are successfully overcome by leveraging Elastic Teams from the Distributed Talent Cloud. These are flexible, curated teams of highly skilled software engineers from the Distributed talent community.
Traditional recruitment can be expensive and time-consuming
According to Gartner, the time to fill a role increased by 18% from 2020 to 2021. Even before an onboarding, filling a role spans lengthy timelines that include sorting through applications, handling interview rounds, making offers, and negotiating benefits. Due to inevitable slow-downs in the process, rapidly scaling companies may struggle to increase their headcount while maintaining business momentum.
Elastic Teams within the Distributed Talent Cloud help leaders cut down on those timelines by securing the right talent for mission-critical projects. Unlike public talent pools, which anyone can join, members of our Elastic Teams are carefully vetted to ensure they have the necessary skills. Additionally, they have the freedom of being freelance while still receiving benefits such as holiday pay and regular payments. This means less hiring logistics that can get in the way of business impact.
Local talent pools limit your potential
Hiring locally can be a challenge for businesses located outside major cities. Even within major cities, competition between companies hiring from the same talent pool can add unnecessary blockers to progress. To stay competitive on a global scale, companies need access to top global talent, regardless of location. With 58% of organisations already employing “borderless tech talent,” there’s immense opportunity for leaders to engage with freelancers around the world who can offer unique perspectives and skill sets.
Elastic Team members at Distributed are part of a thriving community of tech talent who learn from each other every day. They also graduate directly from our Academy program, which offers continuous learning and professional growth, guaranteeing expert knowledge among talent in the community. Elastic Team members also span across various regions, offering flexibility when it comes to time zone coverage.
Retaining tech talent is challenging in today’s ecosystem
The average tenure for developers is 14–18 months. This means that each year, there will be new roles to fill. Losing team members can negatively impact a business’s performance and goals. As a result, many companies invest a significant amount of time and resources into retaining staff, though there are no guarantees that these efforts will be successful.
When an employee does leave unexpectedly, the company must redirect resources towards filling the vacancy and team morale can suffer. Team members may have to take on extra work in the short term and risk burnout.
Due to the adaptability of Elastic Teams at Distributed, retaining talent isn’t an issue that partnering companies have to face. Elastic Teams allow for a sustainable relationship between freelancers and the companies where they’re embedded. Elastic Team members are able to stay engaged with projects that excite them while participating in a larger culture cultivated by the Elastic Teams community. With the heavy lifting of management taking place on the side of Distributed, leaders at ambitious companies are able to focus on larger impact, not retention.
It’s time to free up your internal resources
Elastic Teams solve for many of today’s recruitment challenges by offering the flexibility and stability needed for growing companies to do their best work. Leveraging Elastic Teams in today’s tech ecosystem means accessing thousands of vetted, fully-qualified individuals who are ready to hit the ground running on your projects.
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