IT Hiring Plans on the Upswing With Job Security Strong for 2014: Dice

 
 
By Nathan Eddy  |  Posted 2013-12-19 Email Print this article Print
 
 
 
 
 
 
 
 

The tech job market offers opportunities and advantages that intersect at the avenues of "talent" and "necessity." A new study from career and employment site Dice suggests IT professionals will be in a better position to negotiate with new employers in the coming year. Employers will be working harder to retain current professionals and attract new ones, according to the study, which is based on a survey of nearly 900 tech-focused hiring managers and recruiters. As IT unemployment remains significantly below the national average and businesses continue to search for employees with the right mix of skills, the study also suggests more job security and few layoffs. "The New Year should be 'all systems go' for tech professionals on the career front. There aren't many times when you can write your own ticket, but this consistent optimism and upward pressure on compensation means it's time to capitalize," Shravan Goli, president of Dice, commented in the report. This slide show offers key takeaways from the study and insight from the Dice team.

 
 
 
  • IT Hiring Plans on the Upswing With Job Security Strong for 2014: Dice

    by Nathan Eddy
    1 - IT Hiring Plans on the Upswing With Job Security Strong for 2014: Dice
  • IT Jobs Market Continues to Improve

    Nearly three out four respondents (73 percent) said they plan to hire more technology pros in the six months ahead. In the latest study, 24 percent of those polled said their additional hiring would be substantial, compared with 19 percent who responded that way at midyear.
    2 - IT Jobs Market Continues to Improve
  • Compensation Demands Get More Competitive

    Three-quarters of the hiring pros surveyed cited pay as a reason for tech veterans leaving their current employer, suggesting compensation continues to be the foremost driver moving tech job candidates to quit their current positions. Money isn't everything. Dice President Shravan Goli said some employers might find that their technology professionals really want to work on particular types of projects or want a specific collaboration structure.
    3 - Compensation Demands Get More Competitive
  • Counteroffers Are Up

    More than four in 10 respondents (41 percent) report seeing an increase in counteroffers from existing employers, up from 39 percent six months ago, Dice finds. Turnover is above average for the first time since the recession according to government statistics pointing to the willingness people have to change jobs. Finding qualified employees in some fast-growing markets such as mobile is challenging.
    4 - Counteroffers Are Up
  • Year-End Bonuses, Timing May Influence Departures

    Slightly more hiring managers and recruiters (34 percent) are seeing candidates turn down job offers, compared with the number at midyear. Goli said this could be due to timing; most bonuses are handed out before February.
    5 - Year-End Bonuses, Timing May Influence Departures
  • Finding Qualified Applicants Is Hard

    More than half of America's hiring managers and recruiters (58 percent) reported positions were vacant, because the salary guidelines for the position weren't hitting the mark. "Employers are holding out for the right candidates in technology," Goli said. "On any given day, there are nearly 80,000 jobs listed on Dice."
    6 - Finding Qualified Applicants Is Hard
  • Voluntary Departures Rise as Confidence Grows

    An uptick in voluntary departures is a sign of a healthy economy and that tech professionals are confident about their career prospects, Goli said. In fact, 42 percent of corporate hiring managers reported an uptick in voluntary departures during 2013, up from 33 percent who said the same thing at midyear.
    7 - Voluntary Departures Rise as Confidence Grows
  • Layoffs Slide as Workplace Security Improves

    Three-quarters of hiring managers reported no likelihood of layoffs within their organizations over the next six months. That's up from 65 percent who made the same prediction in June of this year.
    8 - Layoffs Slide as Workplace Security Improves
  • Tech Unemployment Remains Low

    Low unemployment is another indicator of security in the workplace. Dice's tally of government data shows that the overall unemployment rate for tech professionals is 3.3 percent, well below the national average.
    9 - Tech Unemployment Remains Low
  • New York Is Tops, but Smaller Cities Also Beckon

    New York City is the top tech market on Dice, and the benefit of working there is the sheer number of opportunities. A smaller yet no less vibrant city that's been making a mark this year is St. Louis. In March, Dice named St. Louis the fastest-growing city for tech jobs, and Missouri was the second fastest-growing state according to government data.
    10 - New York Is Tops, but Smaller Cities Also Beckon
  • Advice to Applicants: Use Resume Keywords

    Resume keywords should reflect job hunters' industry knowledge and technical skills, Goli said. "Worked on Wall Street? Make sure 'financial Services' is a keyword in your resume. Helped … on a project for PayPal? Make sure 'e-commerce' and 'retail' are included. Keywords are your friends," Goli said.
    11 - Advice to Applicants: Use Resume Keywords
 
 
 
 
 
 
 
 
 
 
 

Submit a Comment

Loading Comments...

 
Manage your Newsletters: Login   Register My Newsletters























 
 
 
 
 
 
 
 
 
Rocket Fuel