In many ways, the current tech job outlook is a candidate's market. On this blog, we've discussed the trepidation some bosses feel about finding new talent to fill open positions, voicing concerns that the marketplace might not have the qualified, experienced professionals their firms need. New evidence supports this apprehension. Currently, tech unemployment is the lowest it's been since 2008, according to Dice.com. The listing site for tech employment found the total unemployment rate for IT and IS professionals is 2.7 percent, which Lynn Haber of IT Knowledge Exchange describes as "slim pickings."
So how can companies court the handful of talented candidates available? One of the leading incentives for employment is salary. This year, tech jobs represent 14 of the 25 highest-paid, according to Glassdoor, an employer review site. To procure the most attractive applicants, companies may need to open their wallets.
"Given the fact that it's a job candidates' market, recruiters suggest that employers sweeten the pot from the get-go. And don't forget about other important job perks, such as work/life balance. In this IT job climate, all you can do is give it your best shot. Job candidates are feeling pretty confident…" writes Haber. She goes on to cite a Dice finding that 67 percent of applicants expect to land a job in the next year.
Tech salaries grew about 2 percent last year compared to 2013. In this hiring climate, it's likely that figure will continue to climb before the end of the year.
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