Tech-Job Vacancies Stand at 27.1 Days

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The latest data from the U.S. Bureau of Labor Statistics (BLS) puts unemployment within the tech industry at 2.6 percent in December 2015. Some 3,800 technology jobs were created that month.

Data from the new DHI Hiring Indicators report (PDF) suggests that the average technology-job vacancy lasted 27.1 working days in 2015, roughly the same as the national average. Vacancies usually mean that employers are scrambling to lock down the best talent for the position.

“In 2015, our customers continually told us the market for highly-skilled professionals was competitive, giving talent the upper hand in the negotiation process,” Michael Durney, President and CEO of DHI Group, wrote in a statement accompanying the data, “and driving employers to frequently offer oversized compensation packages or perks to hire the desired candidate.”

Indeed, pay for tech pros has been steadily rising, with average technology salaries in the U.S. enjoying their biggest year-over-year leap ever, up 7.7 percent to $96,370 annually, according to the latest annual salary survey by Dice. Contracting saw a rise (5%) in hourly compensation, with contractors earning $70.26 per hour.

Bonuses likewise saw an increase from 2014, and tech salaries in seven metro areas reached six figures for the first time since the survey began more than a decade ago.

Just over half of those technology professionals surveyed (53 percent) expressed satisfaction with their pay, compared to 52 percent in 2014. With a robust economy, tech pros’ confidence in their job prospects remained high, with 67 percent claiming that they could find a favorable new position.

Tech pros in Silicon Valley were again the highest paid in the country, with average annual salaries exceeding $118,243. Other top-earning markets included New York City ($106,263), Los Angeles ($105,091), Boston ($103,675), and Seattle ($103,309).

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6 Responses to “Tech-Job Vacancies Stand at 27.1 Days”

  1. Joe/Jane Doe

    The discrepancy between the two coasts is huge. In the Midwest and Northeast, tech jobs are filled fast. In the west – in particular, AZ, CA and WA, hiring drags on forever. In WA, most jobs opened actually ‘time out’ because ppl are too scrambled to follow through once they open up a job order.

  2. Frank N Stein

    Slow moving in the Southeast as well. I was supposed to have a second round interview yesterday for a company that badly needs a Lead PM with Finance experience. My recruiter calls me 10 minutes prior to the start of the interview and says, “The hiring director has been pulled into a bunch of meetings for the rest of the week….and now has to reschedule for next.. Sorry, but I’ll get back to you once the new date/time is confirmed”. Guess the need is not that critical. LOL

  3. More than anything, it appears that companies are clueless about what they need. More job reqs I’ve seen spew a bunch of jargon and don’t really make much sense. Hadoop plus FORTRAN anyone?

    I think a lot of the lag is businesses trying to find the “perfect” candidate (the one that doesn’t exist anywhere at any price) instead of the guy who has 20 years experience doing 95% of what they need. Which raises the question: Why would you hire anyone you don’t believe can learn a new skill on the job?

  4. Joe/Jane Doe

    Completely agree with the above comment. Yes, companies are kicking out a ridiculous list of tech jargon without knowing what it means. And, I also agree that no company wants anyone to learn anything on the job.

    It’s no surprise to me that the stock market has tanked…

  5. I’ve also found that companies are appalled at the prospect of someone learning something on the job. They seem to think only a high-level genius could learn something on the job. In my case I’m only a middle-level genius, so they’re certain that I can’t learn anything. As for why this is the case my guess is the people in management are not technically oriented, so they think things are more difficult than they are.

  6. Douglas D Jafary

    Saying tech salaries are “on the rise” is quite deceptive when they are all far lower compared to the 1990s when the H1B visa arrived. If you are on salary, you work 80-100 hours a week without overtime. In NYC or California or Seattle in particular, that is below minimum wage. Also, tech placements go through recruiting agencies which take a cut of the salary. Then you can deduct the monthly 6-figure student loan debt tech workers pay as well. People on these 100k salaries are actually only making a few dollars per hour. Especially with all the H1Bs who work 100+ hours per week. What is it going to take to stop these lies?