In today’s world, more and more people are relying on technology to stay connected. As such, new businesses in the digital space are cropping up left and right while traditional brick-and-mortar enterprises are looking to digitalise, considering digital transformation no longer a luxury but a necessity.
According to a survey by Gartner, over 90% of businesses reported having implemented some form of digital applications in their organisations and made digital transformation their main priority. Moreover, 56% of surveyed CEOs claimed that the digitalisation process has had positive impacts on their operation, increasing profitability and customer satisfaction.
Additionally, the emergence of the COVID-19 pandemic has accelerated the move towards digitalisation around the world as businesses and governments spent billions of dollars on building robust digital infrastructures to address social distancing and remote working measures, paving the way for seamlessness in communication and collaboration.
It is also worth noting that for business owners, this transition towards an increasingly digital world not only means keeping up with the ongoing industry trends but also opens new opportunities for growth. With digital infrastructure automating processes and digitalising end-to-end user experiences, businesses can mostly eliminate geographical boundaries and reach out to potential customers across continents — ultimately opening their doors to fresh markets.
The rising demand for tech talents and hiring challenges in the sector
As a result of the overwhelming need for digital transformation, the demand for hiring software engineers and related professionals has been on the rise in the past years. Software developers can work with businesses to facilitate their digitalisation process, building and incorporating digital tools, catalysing changes at a more rapid pace, and shaping the future business landscape.
In 2023, the new job openings for programmers and software developers increased by 25% compared to 2021 with flexible options for on-premise, remote, and hybrid positions. Coupled with the chronic skill shortages in tech sectors, this increase in demand means an even more competitive recruitment war for the top talents.
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Indeed, hiring and retaining top talents in the tech sector is very challenging for several reasons. In the first place, the turnover rate in the technology sector is among the highest compared to other industries, staying at 13.2% according to a survey by LinkedIn, posing a lot of risks, especially for startups due to potential disruption to their operation and high associated costs. Moreover, many companies are willing to significantly raise the salary and compensation packages to attract desirable talents, making the hiring market become even fiercer.
Second, technical skills and requirements for corresponding positions change constantly as new skills and tools emerge frequently, disrupting the existing industry incumbents. Hence, both tech talents and employers have to continuously adapt and acquire new skills to stay in the game. The recruitment process has also become trickier since recruiters must act fast to win the deal but still maintain the appropriate candidate qualities.
How WAOHire fills in the talent gap and empowers both developers and businesses
Based in Vietnam, WAOHire, a leading HR solution provider with an international reach, offers a range of services to help companies find and retain top talents with special expertise in the IT industry. With over 8 years of experience in the market and a team of more than 60 talented members who have years of experience in the IT sector, WAOHire has successfully consulted and built offshore development teams for more than 15 leading global clients. It has also actively founded or contributed to the local tech communities to develop competence and networking opportunities and collaborated with various educational institutions and universities to support and mentor students.
Through these initiatives, WAOHire can help address the talent gap and equip job seekers and employees with the technical and soft skills necessary for their jobs.
WAOHire currently provides two main services that can be customised to the specific needs and preferences of the clients. First, Talent Sourcing & Recruiting Services are designed for employers who need help finding qualified candidates for open positions in their organisation. The service includes job postings on multiple platforms, extensive candidate sourcing and screening process among WAOHire’s vast pool of talents, and effective testing and interviewing process to find the candidates with the right skills and culture fit.
On average, clients start receiving candidate CVs after 5 days, alleviating their burden of sourcing and selecting candidates and enabling them to focus their efforts on day-to-day business operations. Moreover, thanks to WAOHire’s strategic vetting process and industry connections, its pool of candidates covers all major technological stacks including the latest and most sought-after skills such as blockchain and data analytics.
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In addition, the second service offered by WAOHire is HR E2E Service which provides end-to-end HR solutions that streamline the entire employee lifecycle management from onboarding new hires, managing all legal paperwork, engaging them during their employment period, to terminating the employment. This includes payroll processing, attendance tracking, performance reviews, benefits administration, etc. WAOHire also goes to great lengths to ensure legal compliance in accordance with both Vietnamese and international laws.
WAOHire’s HR E2E service can help companies save up to 50% in costs compared to establishing a legal entity and hiring an in-house HR team. Their team of experts will take care of all HR needs, from recruiting top talent to managing teams and ensuring compliance with local laws and regulations. WAOHire’s end-to-end HR services offer unparalleled flexibility, allowing businesses to effortlessly scale their teams up or down as needed, without being burdened by legal complications and administrative woes, enabling companies to concentrate on their core strengths: driving business growth and accomplishing long-term goals.
Additionally, WAOHire’s pricing scheme is very competitive, with charges made based on actual successful hiring. With its innovative HR solutions, WAOHire hopes to empower both businesses and developers, matching the right talents with the right employers in the shortest possible time — ultimately enabling them to focus on cutting-edge technologies and meaningful projects.
To learn more about WAOHire and its services, you may visit their official website.
About WAOHire
Founded by Phat Nguyen and Van Nguyen, a team dedicated to providing exceptional HR services to tech companies, WAOHire is a leading HR solution provider that offers a range of services to help companies find and retain top talent. WAOHire prides itself on taking a humanised approach to hiring and working with developers. Their services include Talent Sourcing & Recruiting Services that guarantee results after 5 days of kick-off and HR E2E Services.
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Phat Nguyen has previously worked as a freelancer for numerous startups with global clients, putting him in the unique position of understanding the challenges faced by tech companies today. Moreover, he is able to offer a wide range of tech-focused services, from managing development teams to recruiting top tech talent. On the other hand, Van Nguyen has extensive experience in building communities and organising events, with her own community being one of the largest in the industry.
With Phat Nguyen’s wealth of technical expertise and project management skills and Van Nguyen’s deep knowledge of HR skills and talent acquisition, the duo provides an invaluable asset to WAOHire’s suite of tech services, enabling them to solidify their commitment to providing the best possible HR services.
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This article is produced by the e27 team, sponsored by WAOHire
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