On Cybersecurity: Recruitment as we Move Through the Unknown
The world is facing uncertainty, as we live through what can only be described as a once in a lifetime event. In a short amount of time, many careers were heavily affected. Millions of professionals were displaced as a result of their companies having to restructure/shut down. Due to the sudden surge of the unemployment rate, there is a massive amount of candidates seeking new opportunities. Unfortunately, not a lot of companies are hiring new folks while the market continues to adjust. This, in effect, drives up competition among applicants.
In the cybersecurity niche, the situation slightly differs. For starters, it’s business as usual for many companies here in the Asia Pacific region. From what I hear, a lot of businesses continue to thrive. But what does this mean for cybersecurity recruitment? Will there be a glimmer of hope for people looking for work? What about the recruitment side? Is there enough talent available in the market?
Hiring into the back end of 2020
As the whole world eases into the new normal, organizations rebuild and expand or upskill their workforce. There are plenty of cybersecurity businesses that continue to ramp up their hiring process despite the pandemic.
This can be attributed to the steady growth of the cybersecurity market in the APAC. Reports from Mordor Intelligence reveal the Asia Pacific’s cybersecurity market will reach a value of $34.448 billion by 2021.
In addition, the demand for cybersecurity professionals is expected to skyrocket as the world transitions to remote working. The work from home arrangement is definitely not going anywhere as more and more companies look for better ways to facilitate it.
And with that trend, cybersecurity experts need to work hand in hand with organisations in building critical infrastructures and making sure that everyone stays connected. On top of that cybersecurity aids in securing data and preventing breaches or attacks.
However, it’s important to note that there are companies struggling with the situation. There are a number of companies forced to cut their budget and therefore, holding back on hiring prospects, at least for now. Instead of hiring, some are opting to tap into their IT talents and have them upskilled so they can also attend to security-related tasks.
The very real challenges we face today
Staffing demands for security talents remain high even with the global pandemic. In fact, companies continue to hire professionals such as senior leadership in sales, customer success specialists, marketing specialists, cybersecurity architects, and AI engineers.
The only problem is that there still isn’t enough talent to fill the market gap. A report published in Meritalk points out that the global cybersecurity job gap has surpassed the 4 million mark. The report extends that in the Asia Pacific alone, the workforce gap amounts to around 2.6 million people. This forces companies to modify their talent acquisition pipeline.
HR officers and recruiters have been tapping into various channels to find the right people. Instead of sticking to the usual channels, some make use LinkedIn, company blogs, video marketing, and dedicated IG recruitment pages.
Besides the limited talent pool, many companies are struggling with border restrictions. For example, in Singapore, foreign labour policies are expected to become stricter as the country prioritises local workers, as well as limited access for foreigners who are already based here. Other countries are also enforcing tighter policies fo foreign workers to limit border entrance to revive the local economy.
Working from home – part of the new norm
Remote working has been around for quite some time. Over the last few months, it has gained more traction as companies all over the world embrace the new normal. Besides offering a safer option for workers, it also opens doors of opportunities for companies who can’t find local talents to fill their job vacancies.
Organisations are also on the race to implementing work from home arrangements for the sake of company culture and growth. A survey conducted by Forbes revealed how 165 CEO startups are adapting to the WFM situation. Here are some of the key results:
- 76 percent believe that shifting to WFM will result in increased productivity
- To humanise their digital experience, companies make use of morning calls, webinars, Netflix movie nights, conference call bingos and other activities.
- Paired working is considered effective in helping workers adjust to WFM.
At the end of the day, the work from home setup will not just be limited to industries like cybersecurity. Instead, it will become an integral part of many business processes worldwide. Hence, it would be worth it for companies to keep on working on their WFM framework to ensure that their team, as well as their new recruits, can transition smoothly.
Key takeaways – Cybersecurity recruitment trends
As more industries embrace digitisation and the use of technology, the demand for cybersecurity professionals will continue to rise. As a result, recruiting for cybersecurity specialists will most likely become more and more competitive especially after the pandemic.
If you need help in finding the right talent for your cybersecurity needs, you can get in touch with me, Dan Branchflower, specialist recruiter to lend you hand.
Dan Branchflower is the Associate Director – Technology at Datasearch Consulting, a leading executive recruitment firm specialising in the Cyber & Cloud Technology sectors.
You can download their FREE comprehensive guide on “The Complete Guide to Hiring Fintech & Data Talent – 5 Proven Steps to Secure the Best Candidates Possible” here. Alternatively you can view the Datasearch Consulting website or contact them directly on email@example.com for a more detailed discussion.