Recently, the crypto market witnessed a crash that has done very little to deflate the demand for various blockchain skills. Many tech, retail, finance, and consulting companies have actively started recruiting employees and developers with special training in Python, Simplicity, Solidity, and other blockchain-based languages. However, these Blockchain skills are scarcely available in the market. More often, many businesses look forward to hiring people with niche skills.
Blockchain has entered several fields, from healthcare to currency. Hence, to explore the goals of blockchain-based businesses and reach them as efficiently and quickly as possible, it is essential to hire those with appropriate blockchain skills and experience. However, recruiting employees in the blockchain ecosystem has become an arduous task for businesses.
Here, we will delve deeper into companies’ challenges while recruiting employees with blockchain skills and provide ideas to help them find skilled and qualified employees in the blockchain sphere.
Talent shortage
One of the greatest challenges many blockchain businesses face is the short supply of the required tech talent. There is poor data visibility about available talent and inefficient matching. The blockchain hiring process for top-notch engineers, coders, and developers has become an extremely competitive game. The most efficient way of attracting the right blockchain talent is to target the recruiting efforts of those who have shown interest. People with great potential are generally active on social channels like Quora and LinkedIn.
However, partnering with firms Blockchain Staffing Ninja, the industry’s top recruitment firm for blockchain and cryptocurrency, can be beneficial as they help give access to its pool of skilled applicants.
High demand
Growth of the blockchain industry: several companies are being established every day and are competing to get the most qualified candidates. This significantly high demand has driven salaries up to an all-new level, making it harder for startups to attract top-notch developers. Even with external funding, the companies lack the financial strength to compete with large companies with deeper pockets. To overcome this, startups offer generous ESOPS or employee stock ownership plans to attract great talent and make efforts to retain them.
Lack of experience
The biggest problem that most blockchain job recruiters face is that several companies hire graduates or employers who have recently switched jobs in blockchain. Such hiring turns out to be expensive, giving them lower-than-stellar results. It has also been estimated that more than 40% of employees provide false information on their resumes. This makes finding genuine workers with experience more difficult for businesses. In addition, many employees may possess theoretical blockchain-based knowledge but lack the practical experience required to implement and maintain blockchain systems.
For this reason, many agencies like Blockchain Staffing Ninja, the industry’s top recruitment firm for blockchain and cryptocurrency, pay heed to finding skilled applicants with appropriate experience.
Limited understanding
This challenge applies to every blockchain recruiter who may not always understand the potential of blockchain tech and may fail to identify the right workers for their requirements. Blockchain recruitment agencies must be specific about the exact blockchain job requirement and the projects the employees will work on. While writing the job description, the company needs to ensure that the demands are understandable and the employees are informed about the projects before hiring them.
Cultural fit
The long-term success of any business is contingent on having candidates who believe in the company. It can be not easy to find employees who are not only technically fit but also culturally fit. Large companies look for people who fit the company’s culture – those who are outspoken but subtle, bright, yet not too bright. Hence, hiring managers are most likely to get good blockchain employees who the HR will view as ‘difficult.’ Hire employees whose values and culture align with that of the company.
Conclusion
To conclude, overcoming the challenges mentioned above is not impossible. Companies must ensure an airtight hiring process by being proactive and efficient in their hiring efforts, which include offering development and training opportunities for blockchain-based skilled employees or collaborating with blockchain-based training and education programs to search for and build new talent. Companies may also have to pay higher-than-average salaries to allure talented and skilled employees and put money into employee retention to retain top performers in the company.
Partner with the leading crypto and blockchain recruitment agency, Blockchain Staffing Ninja, which houses talented candidates worldwide. Blockchain Staffing Ninja operates with the primary goal of helping the blockchain ecosystem prosper by hiring the right candidates for businesses. Blockchain Staffing Ninja provides a seamless process of finding the best blockchain job or talent.
