The job market for technology professionals, for several years a prominent driver of economic recovery in the United States, appears poised to create additional jobs in the second half of 2013.
According to nearly 1,000 tech-focused hiring managers and recruiters responding to Dice’s semi-annual hiring survey, nearly three-quarters (73%) plan to hire more technology pros during the second half of 2013 in comparison to the year’s first six months. This level represents a substantial tick upward from six months ago, when 64 percent of hiring managers and recruiters said they expected tech hiring to increase in the first half of 2013 compared to the last six months of 2012 and matched the level from a year ago regarding hiring predictions for the back half of 2012.
According to respondents, the current economic environment in the United States is one motivator. More than three in 10 respondents (31%) attributed their plans for increased hiring to the current economic climate in the U.S., while about two in 10 respondents (22%) reported that the economy had applied downward pressure to their hiring plans for the next six months. By comparison, 29 percent of hiring managers said the economy was having a positive impact on job creation six months ago.
“The biggest jumps in hiring intentions were from those with company headquarters in the Midwest, West and East, including the Northeast,” said Tom Silver, SVP, Dice.com. “Each market has its own unique story, but in the end, it’s just a good job market for technology professionals.”
It appears more professionals are testing that market; 33 percent of corporate hiring managers said more tech pros are voluntarily quitting their positions in 2013, as compared to last year. At the same time, 32 percent of respondents noted that more candidates are rejecting job offers than they were just six months ago.
Pay is clearly a driving force in accepting a new position. When the initial job offer is declined, 30 percent of hiring managers said their offer was slightly lower (between 0-5%) than the candidates’ expectations, with another 28 percent noting their offer was substantially lower by as much as 10 percent.
When asked how their hiring was shifting from 2012, about 45 percent of respondents said they were hiring more full-time and contract staff, while just 27 percent indicated using more staffing and 15 percent saying part-time hiring was on the upswing.
Despite the upward trajectory in hiring, fewer hiring managers (46%) reported the time to recruit is lengthening, as compared to 55 percent of respondents who felt that way six months ago. While three in 10 (32%) called the hiring process unchanged, about one in five respondents (22%) said the process had speeded up compared to 2012.
About the Survey
From May 14 to May 17, 2013, Dice surveyed human resource managers, recruiters, consulting and staffing companies from every region of the country who primarily hire or recruit technology professionals. Nearly 1,000 responded to the survey, with 44 percent identified as recruiting for their own needs. Of the respondent group, 25 percent worked for companies with more than 500 employees.