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Pendo CEO in the Talent Marketplace: “Aren’t there enough people doing what we need to do to keep our economy running?”

RALEIGH – The talent market is ‘weird’ right now.

That’s according to Todd Olson, co-founder and CEO of Pendo, who gave a presentation on the state of the job market in Raleigh at the Launch 2022 event held in downtown Raleigh on the 4th January. The company planned to hire 400 employees in 2021, WRAL TechWire previously reported, and Olson noted that the company continues to compete for talent locally and globally.

“Talent is a priority for everyone right now,” Olson said. “It’s a weird job market right now, you think of the last few years we went from when the pandemic hit record unemployment to very rapid overemployment, so to speak, where there are so many jobs available. , but no workers, and it is very, very difficult to hire in this market.

For employers, Olson said, the job market actually got worse after the start of the global pandemic. This is because almost everyone seems to be considering quitting their job. Olson said one in four workers quit their job in 2021 and 23% of current workers expected to do so in 2022.

In fact, in November 2021, a record 4.5 million workers voluntarily quit, WRAL TechWire reported this week.

“I quit”: record 4.5 million Americans quit their jobs in November

So what’s going on in the job market? It’s both a hyper local job market and businesses need to act locally, Olson said, but in a larger context, the job market is also global.

“We have to compete with Apple and Google day in and day out, and another factor is that we have employees leaving local jobs for remote jobs,” Olson said. “The reality is that a lot of young people, and really a lot of people, want the flexibility of remote working. “

Olson noted that his company intentionally seeks to develop a strong corporate culture, reinforced by differentiated benefits, and an investment in the employee experience, both in existing offices and in the new corporate headquarters. opening soon in downtown Raleigh.

“How we’ve shifted our focus to think differently around talent,” Olson said. “You have to make sure you stand out, you have to make sure you differentiate yourself, because the reality is that there are a bunch of jobs that can go wrong because you can’t find the talent to fill them. “

“There aren’t enough people doing the things we need to do to keep our economy running,” Olson said. So, if companies are looking to attract and retain talent, they need to focus on their culture, meet potential employees where they are, and invest in human capital to support those efforts.

Raleigh Pendo Software Firm Finds Solution To Recruit Talent – CEO Says

“When our investors asked him what was the best part of our community,” Olson said he responded that there are 65,000 annual graduates from colleges and universities in the Triangle.

“The problem is finding these humans and getting them to want to work for you,” Olson said. “You have to go to them, you can’t expect them to find you and go to your website to apply. “

“We’re too lazy here to go and see them and catch them,” Olson said. “We have full time college recruiting staff, that’s the only thing they do,” “And it’s not just the big guys, it’s the HBCUs and other colleges where we can attract great talent. and diverse. “

“Students aren’t going to do the job, especially when they can walk into the union and see Google,” Olson said. “They have options elsewhere, and they’ll be willing to move them or let them work wherever they want in the world.”

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