According to Cybersecurity Ventures, global cybercrime costs are predicted to grow by 15 percent per year over the next five years, reaching $10.5 trillion annually by 2025. So, it's no wonder that RPO cybersecurity firms are being increasingly sought out to help recruit qualified cybersecurity professionals. In the face of a worldwide talent shortage, and high demand for tech workers, RPO cybersecurity firms offer recruitment expertise that can help organizations find, attract, and hire the best cybersecurity job candidates.
How Has The World of Cybersecurity Changed?
The worldwide scarcity of cybersecurity experts grows as threats from nation-state actors and cybercriminals increase in quantity and complexity. Ransomware, viruses, and malware are becoming more sophisticated and common, while the number of devices connected to the internet continues to grow exponentially. The World Economic Forum’s Global Risks Report 2022 ranked large-scale cyberattacks as one of the top short-term risks in terms of likelihood and impact.
Additionally, the way we work is changing. The rise of mobile working, cloud services, and the Internet of Things (IoT) has created new opportunities for cybercriminals to exploit vulnerabilities. The need for cybersecurity skills is, therefore, more necessary than ever before.
Skills Crisis Predicted To Get Worse
New research reports that almost a third of the cybersecurity workforce is planning to leave the industry in the near future. A study by Cybersecurity firm Trellix of more than 1,000 cyber security professionals from around the world found that 30 percent plan to leave the profession in two or more years. Unfortunately, this is not the end of the tech talent impasse.
The skills crisis in cybersecurity is predicted to get worse in the coming years as the industry struggles to attract and retain top talent. RPO staffing can help companies manage the recruitment process and provide enhanced flexibility and efficiency in this difficult market.
How Can RPO Cybersecurity Firms Help?
Given all the challenges facing companies looking to secure cybersecurity professionals, how can businesses prevail in recruiting them? Rather than struggling to keep up with the rapidly changing landscape of digital recruiting, many companies are turning to RPO cybersecurity firms for assistance. RPO providers can manage all or part of the recruitment process on behalf of their clients, from sourcing and screening candidates to managing job postings and candidate pipelines.
RPO cybersecurity firms can help companies in a few ways:
- A Large Talent Pool: Remote working has led to the reality that job candidates are no longer limited by a job’s location. But, companies don't always know how to reach these candidates. RPO cybersecurity firms can help companies identify and attract candidates from around the globe. RPO companies work with multiple clients in different industries and locations. They have a better understanding of the cybersecurity market and can identify top talent that might be a good fit for your company—whether they're down the road or across the planet.
- Enhanced Efficiency: According to a study by Deloitte, it was reported that the average time-to-hire for engineers, scientists, and researchers is 94 days. The tech labor shortage and limited availability of required certifications mean hiring for cybersecurity roles will take even longer. RPO cybersecurity firms can help reduce this time by using their expertise and resources to screen candidates, saving you valuable time and money.
- Extensive Screening: Cybersecurity candidates must not only have the right skills and certifications, but they also require higher levels of security clearance. RPO cybersecurity firms have the necessary resources to screen candidates thoroughly. This includes conducting background and reference checks, verifying qualifications, and assessing cultural fit.
What Does the Future Hold For Cybersecurity Recruitment?
Cybersecurity is one of the most devasting skills shortages we face as an industry today. The frequency of cyberattacks is increasing at an alarming rate while the pool of qualified candidates shrinks. The need for experienced cybersecurity professionals has never been greater. However, finding and hiring these experts can be a challenge. RPO cybersecurity firms can help companies manage recruitment and find the best candidates for the job.
If your company struggles to find qualified cybersecurity talent, Hire Velocity can help. Our cybersecurity recruitment process outsourcing (RPO) solutions, talent advisory offerings, and cyber security search strategies align your priorities with sustainable talent acquisition solutions.
Contact us to learn how we can help you hire skilled cybersecurity talent.