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The Rise of On-Demand Talent

18 days ago by Luigi Muscat Filletti
People working

With digital innovation proposing the implementation of new technologies for companies to invest in, hiring managers must continuously evaluate their workforce to assess strengths and weaknesses with regards to skills needed to innovate.

‘Once outlining objectives, companies must be aware about their current in-house talent, and what additional talent (if any) would be needed for them to progress.’

Outlining Objectives to Identify Talent

To succeed in the digital age, companies must be in the possession of a sustainable workforce, one which secures relevant skills, an aligned vision for success and the drive to achieve goals. Therefore, it is essential for organisations to envision where they want to be in order to then analyse the talent they need to get them there. Once outlining objectives, companies must be aware about their current in-house talent, and what additional talent (if any) would be needed for them to progress. Thus, there must be a sincere consideration about the skills gap of the company, and what expertise would need to be acquired to leverage the company over its competitors.

‘Thus, there must be a sincere consideration about the skills gap of the company, and what expertise would need to be acquired to leverage the company over its competitors.’

Identifying Talent to Source the Right Skills

Attention must first be directed towards what projects or concepts must be carried out, as this will then confirm the type of talent needed. Most of the time, pursuing talent for full-time employment in Malta might not always be the most ideal solution, especially if companies are looking to work on short-term projects which require specific skills. Thus, it would be more practical for hiring managers to pursue an on-demand approach when sourcing talent. This is especially viable for companies who are witnessing a skills gap and require professionals with particular skills to fulfil the tasks at hand. That being said, the gig economy becomes the ideal avenue to tap into for companies seeking specialist skills in particular fields.

‘The gig economy becomes the ideal avenue to tap into for companies seeking specialist skills in particular fields.’

The Gig Economy Providing On-Demand Talent

On-demand talent has become popular through the growth of the freelance economic trend that is referred to as the gig economy, providing a feasible way forward for companies looking to secure top talent. Companies who participate in this stream of recruitment benefit from acquiring talented professionals with work experience in various industries, having taken on different projects and collaborating with fellow professionals in different roles and from different backgrounds. This contribution to company diversity means that an organisation is also adding workplace flexibility - this through the influx of various professionals who are now directly participating in a company’s growth.

‘On-demand talent has become popular through the growth of the freelance economic trend that is referred to as the gig economy, providing a feasible way forward for companies looking to secure top talent.’

Thus, when seeking to attract talent in the gig economy and differentiating between candidates during the recruitment process, a company must focus first and foremost on the hard skills required to satisfy the job description. This is different to recruiting full-time workers who would need to display sufficient soft skills to promise good engagement and involvement with colleagues and clients. Gig workers should be considered through their track record and portfolio, components based on elements of work experience (full-time and freelance), client reviews as well as personal side projects.

‘As this gig working segment of the working population continues to rise, career opportunities in Tech are also shifting towards  a freelance nature, offering both employers and employees greater flexibility and diversity in their companies and careers.’

Securing the Best Gig Worker

Since the vast majority of the gig economy consists of creatives and techies, it is vital for companies to be able to identify the skills of each candidate to make sure that they are able to hit the ground running on their assigned projects. A practice put into effect by many companies who are actively engaging with the gig economy is that of skills tests. To ensure that candidates possess the right skills, the company would prepare a task for each candidate to perform, this task based on the skills required by the company to execute the projects at hand. Upon completion, hiring managers would be able to better differentiate between candidates and identity the right fit for the job.

All in all, companies today have the extended liberty of sourcing specialised talent which works on short-term, project-based contracts, thus allowing companies to form an on-demand approach in their talent acquisition efforts. As this gig working segment of the working population continues to rise, career opportunities in Tech in Malta are also shifting towards  a freelance nature, offering both employers and employees greater flexibility and diversity in their companies and careers.