If you are currently in a position responsible for hiring new employees in the tech industry, you are likely experiencing new challenges now that the workforce is fully remote. Hiring managers across seemingly every industry that used to operate largely inside an office environment is experiencing the same struggle. However, the tech industry is uniquely set up to handle the challenge of hiring remote-based employees, even through a fully remote hiring process. In fact, it’s already been going on for several years.
The Case for Remote Hiring
It is no secret that Silicon Valley and New York are the most expensive cities in the US. This is also where the vast majority of tech companies are headquartered. Both large household tech brands like Facebook, Google, Twitter, Uber, and countless bootstrapped emerging tech startups are located in one of these two centres of the tech universe. In order to cut down as much as possible on an already painfully high overhead, tech companies based here have been hiring remotely for years.
By hiring new employees from emerging tech hotbeds like Phoenix and Atlanta, or even tech professionals living the digital nomad lifestyle, New York and Silicon Valley-based tech companies have been cutting costs significantly. Where it is typical for a Web Developer salary to be 20 to 30 percent higher in New York and San Francisco than anywhere else in the country, tech companies have been able to take advantage of top tier programmers who live in much cheaper areas and require less compensation.
Coding bootcamps have been another excellent resource for tech companies when it comes to hiring emerging tech talent remotely. Since most coding bootcamp students learn their coding skills through online means, they are already accustomed to completing coding assignments online and without much supervision. Coding bootcamps also tend to be hyper-focused on teaching coding skills, and often require that the student focuses on their programming education full-time, without working elsewhere.
These programs typically last no more than 3 to 4 months, and their graduates are some of the industry-ready tech professionals you can find. Due to the short-term and intensive nature of coding bootcamps, it is likely that by hiring a coding bootcamp grad, you will have to do very little instruction on what needs to be done, how to do it, and have little fear that it won’t get done on time, as they have spent the prior few months doing just that.
Another note on coding bootcamps is that they are helping to change the way we view higher education in general, especially when it comes to student loans. Coding bootcamps like Springboard offer a unique form of tuition financing to their students called income-sharing agreements (ISAs).
An ISA is a reversed engineered student loan, where the coding school is the one making the investment in the student, and not the other way around. Through this agreement, the student agrees to take the bootcamp for free. In exchange, the student shares part of their monthly income after they graduate. The stipulation is that the student only begins paying back their tuition once they have acquired a programming job. Since the loan repayment is structured around the graduate’s income, it takes less pressure on the student to find the highest paying job possible, and it helps alleviate tension for hiring managers because you will not have to pay a higher salary to compensate for student loans. The result is that the hiring companies and the bootcamp graduates are able to find the right fit.
Emerging Tech Hubs
If you are looking to hire remote-based employees during the Covid-19 pandemic, bootcamps are an excellent place to look. Beyond bootcamps and other higher education graduates, you should also take a look at some of the emerging tech hotbeds like Atlanta, Denver, Seattle, Phoenix and Portland.
These cities are emerging as secondary tech hubs outside of the central tech universe of New York and San Francisco, for the two main reasons that we just mentioned—bootcamps and remote hiring. As more tech companies began hiring from the tech pools in these cities, the word got out that there was top tech talent to be found elsewhere, and at a lower cost. As the cities started to develop into tech hubs, coding bootcamps started opening up campuses there, producing more prepared tech talent to increase the already growing talent pool.