Poll of 580 tech leaders suggests a return to the office is on the way

3. The traditional recruiting model is failing in the new hybrid world of work

As the talent market remains highly competitive, tech leaders are growing frustrated with the traditional hiring process — which stands out as analog and outdated in a new world of work where tech leaders are under pressure to scale their teams and build faster than ever .

In our survey, 67% percent of respondents said the traditional hiring process is broken and needs to be overhauled. And 70% said it’s too long and too expensive.

This is most pronounced when it comes to hiring product and engineering talent—62% percent of founders and tech executives say it takes four months or more to fill new product and engineering roles, on average.

With many tech founders prioritizing growing their revenue to get to the next round of fundraising—see our full report for more on that—waiting that long to build your team just isn’t an option.

4. Tech leaders embrace a mixed freelance and FTE workforce

The Great Resignation has created an important new workforce trend that we wanted to study: the growing pool of highly skilled freelancers and independent workers, which has been recorded everywhere from Wall Street Journal to Harvard Business Review at McKinsey.

How do tech leaders view this growing talent pool?

They’re big fans, especially in the context we’re in right now:

  • 71% say that hiring freelancers gives their business more flexibility during times of economic uncertainty.
  • 70% said the move to remote work made them more likely to hire freelancers.

These workers don’t just handle individual outsourced tasks. They are now integrated into mixed teams with full-time employees — 73% of respondents said they have integrated teams of full-time employees and freelancers. A further 11% plan to do so soon.

5. 80% of tech leaders would hire someone without a college degree for any role

Tech leaders aren’t just more open to the freelance workforce—they’re also becoming more flexible in their criteria for great talent.

In April, Elon Musk made headlines for saying that a college degree is not required for a job at Tesla, and our respondents agree. Eighty percent said they are willing to hire a candidate without a degree for any role if they have the right skills and experience.

It’s a clear sign that the traditional career—four years of college leading to a full-time job—may be fading faster than we realize.

This is just the beginning of what we learned in our comprehensive research. Watch the full report to find out:

  • Why upgrading technology is becoming a critical area of ​​investment—and key to employee retention.
  • How tech leaders rank their biggest priorities over the next six months.
  • Why the majority of founders plan to raise funds next year, despite VC warnings not to plan to raise another round until 2024.

This story originally appeared on A team and republished here with permission.

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