Castille’s CEO, Matthew Camilleri, was part of a panel discussion at the 2018 Malta DELTA Summit. Panelists were discussing the overview of the current local ecosystem and initiatives to boost Malta’s attractiveness as Blockchain island, and how to attract and retain talent to build a skilled and qualified in-house team.
Mr. Camilleri began to discuss two main points, the first related to what Castille is currently seeing in the market, and the second relevant to what Castille feels are the most important drivers in terms of attracting people to the industry.
Firstly, Mr.Camilleri began by mentioning how Castille has been and continues to meet a lot of Blockchain investors, allowing the agency to realise that human capital is being built in two areas - that of the Blockchain investors themselves, and the other being that of advisors such as consultancy businesses, who are looking to offer their services to Blockchain clients.
He went on to mention that the investors which would usually be seeking talent for roles in operations and finance would generally be searching for roles at a very senior level. Clear synergies can also be noticed within the Financial Services sector, as plenty of investors are appreciating not only past Blockchain experience, however experience in middle to back office, as well as Financial Control.
On the other hand, investors who are looking for developers would be looking for requirements which would naturally be a lot higher. Mr. Camilleri went on to discuss how the main investors Castille has spoken to are mainly looking for developers with skills in Python and possibly skills in Java, rather than requesting that they specifically have Blockchain experience. However, once at Software Architect level, they would be requiring candidates whose expertise is Blockchain specific - this being straightforward to understand, with higher roles demanding greater knowledge and proficiency in this field.
When asked about what the supply for talent is like in Malta, Mr. Camilleri mentioned how he recognised that there are significant synergies between the clusters already onshore and the requirements of the Blockchain investors present. Taking a look at developers, Mr. Camilleri added that Malta is no different to other countries with regards to shortage of talent, somewhat hinting that supply is outweighing the demand. However, when combining what Malta already has available onshore from a talent perspective, with the attraction and pull that the island is currently witnessing as a jurisdiction, Mr. Camilleri said he feels cautiously optimistic that there are enough people to build core teams onshore.
In addition, Mr. Camilleri mentioned that the next step now would be for companies to embrace modern working trends for scaling effectively up in different areas. This could be relevant to key factors such as company culture and working initiatives like flexible and remote working, as well as other employee benefits. However, Mr. Camilleri also added that the candidates who Castille is speaking to are very passionate about Tech, so it is a must for organisations to remain on the cutting edge of Tech, with this high-achieving aspect sometimes even rated above monetary considerations for the candidate.
Furthermore, Mr. Camilleri stated that another pull for Malta is the attractive and desirable lifestyle it promotes, especially valuable in recruitment, particularly when considering that Castille is dealing with Millennials who nowadays do not consider career and lifestyle as two different things, however as one in the same. Mr. Camilleri expressed that targeting the Millennial mindset means protecting our lifestyle, and as Malta is as progressive as any other nation, we as a country must protect the lifestyle which makes Malta quite unique.
On a final note, Mr. Camilleri spoke from a Visa point of view, which he feels has seen a huge improvement since the last six to twelve months. The following stage now would be to work on making the migration process, or as he called it the “ABC’s” of coming to Malta a whole lot easier.
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