Updated April 2022
The “war for talent” is not new to tech – it’s a battle we’ve been fighting for more than a decade. In 2022, it’s projected that as many as one-third of employees are planning to quit their jobs.
1/3 of employees are planning to quit their jobs
Some will leave because of lack of leadership, lack of flexibility, more pay, less stress, the list goes on.
And while people are leaving, creating open opportunities, there are just as many newly created positions adding to an already oversaturated IT job market. In fact, computer occupations are expected to grow near double the average of other occupations (13.4% compared to 7.7%) between 2020 and 2030.
In the first half of 2022, here's what we’re seeing, hearing and experiencing
- Companies have opened up their budgets and are aggressively hiring
- Those who came into the year with a well-thought-out plan and a clear vision for 2022 (and beyond) are having the best success in attracting and retaining talent
- Many clients have recognized that if they want to win talent, they have to move at lightning speed
- Hiring managers taking more than 24 hours to make a decision are losing their best candidates
- More full-time talent is entertaining contract opportunities than before
- Talent knows their value - the average tech salary rose 6.9 percent between 2020 and 2021
- Companies who have a hard-to-fill role and brainstorm with their partners on the best solution to get it filled (from pay to employment type) are more successful
- Flexibility is no longer a perk, it is now the expectation - ultimately, it doesn’t matter how fast you move, if you’re rigid and lack flexibility, you’re going to lose
- Employers who can’t compete on salary are finding other ways to “win” – think benefits, flexibility and reduced work hours
Hear from industry leaders as they discuss what the job market looks like, how it’s impacting organizations and what can be done to keep great employees engaged.
https://www.gartner.com/en/newsroom/press-releases/09-30-21-gartner-survey-reveals-ninety-one-percent-of-hr-leaders-are-concerned-about-employee-turnover-in-the-immediate-future; https://hbr.org/2022/01/11-trends-that-will-shape-work-in-2022-and-beyond; https://www2.staffingindustry.com/Editorial/Daily-News/12-states-post-record-low-jobless-rates-in-December-60405;https://www.comptia.org/content/tech-jobs-report; https://www2.staffingindustry.com/Editorial/Daily-News/Future-looking-bright-for-IT-staffing-window-of-opportunity-never-better-SIA-report-60211