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Talking about demand exceeding supply is somewhat nonsensical without reference to a price. What you're saying is "at the price my company is willing to pay, w
by Pinckney 8y ago
Talking about demand exceeding supply is somewhat nonsensical without reference to a price.
What you're saying is "at the price my company is willing to pay, we're unable to find qualified candidates." That means you can either pay more to attract qualified candidates, or do without.
Alternatively, we can raise the supply curve, which has the affect of lowering wages, and might allow your company to attract talent without paying more.
- aeontech 8y agoOk, fair enough, my comment was perhaps flippant. My company pays at least market rate and can afford to go higher if the candidate negotiates, so I don't think that's the issue. At least, we never had a candidate refuse a position due to money concerns. The skills we look for are not that specialized either, it's not like I'm looking for ML PhD's with a background in medicine. Anecdotally, it just feels like almost everyone who is already good, is already happily employed. So either we need to head-hunt candidates, hope to coincidentally catch them while they're between jobs, or hire very junior candidates and train them up. Of course, the issue might also be just that we need better recruiters to populate the candidate pool :)
- mavelikara 8y agoI don't know which market you are hiring in, but for jobs which pay well into 300K+ (many multiples of median household income across the country), where engineers are pampered with free meals and massages, there are shortages in qualified supply.