How you can win the battle for tech talent
“The Rising Demand for Tech Talent” report from Dice highlights trends in technology job postings and recruitment activity over the past year. With employers across the country moving tech projects to the front burner, steady improvements in IT hiring are evident in all major markets.
This hiring environment is good news for recruiters who are adept at delivering candidates with hard-to-find skill-sets. But it’s about more than just highly targeted recruiting. Employers will need to put together more creative offers to attract the best candidates. As well, they may want to reconsider the incentives in place for top tech professionals so they aren’t poached by competitors.
The unemployment rate for technology professionals has been generally half the rate of the overall labor market in the U.S., according the Bureau of Labor Statistics.
Tech Job Postings by Position Type
Overall technology job postings on Dice have grown 30% year/year, reflecting increased recruitment activity and the dynamic need for tech professionals. The demand for full-time hires is growing faster than the rate of contract demand (35% vs. 22%) illustrating that employers are gaining confidence in their business outlook.
This resurgence of full-time hiring amplifies the challenge of retaining top tech talent.
Tech Job Postings by Region
The East and West Coasts continue to dominate the number of tech job postings, which is impacted greatly by the large metropolitan areas of New York, Washington D.C., San Francisco/Silicon Valley and Los Angeles.
The North Central and South Central regions have shown the largest growth over the last year with increases of 43% and 39% respectively. Strong job posting gains in Chicago, Detroit and the state of Ohio have helped fuel growth in the North Central region.