In this modest recovery, the job market for technology professionals has been a stand-out. Despite the near term economic concerns, 73 percent of IT-focused recruiters and hiring managers expect companies to add more tech staff in the second half of 2012. That’s up from 65 percent six months ago when asked about their hiring expectations in the first half of 2012.
That desire to hire doesn’t appear to be because of unwanted employee turnover in the tech department. A minority (37%) of corporate hiring managers said voluntary departures have increased thus far in 2012. Asked about salary trends for existing IT staff, 58 percent of corporate hiring managers noted they were higher than last year.
“Our customers tell us it’s hard to entice tech professionals out of their current positions,” said Tom Silver, SVP North America of Dice. “There is just not enough confidence for professionals to leave what they know behind and take a chance with their careers.”
When asked what new inducements hiring managers were offering that weren’t needed last year, ‘nothing’ was the most frequently cited answer. Otherwise, bonuses of all flavors (referral, sign on, loyalty) were frequently mentioned. Incentives beyond compensation are also on the table, including more vacation days and flexible hours/telecommuting.
Tech professionals of all experience levels are being pursued; however, hiring managers and recruiters do have slightly different preferences. HR professionals recruiting for their own needs focus on tech professionals with two to five years in the workforce, slightly edging out those with six to 10 years experience. For recruiters, staffing and consulting companies, it’s the opposite. Their recruiting challenges call for more experienced professionals of six to 10 years of tenure.
More respondents (24%) said the time-to-fill positions had shortened than six months ago (17%). The primary reason: companies recruiting for new positions. Still, tech professionals shouldn’t expect an easy search process, because more respondents (45%) noted extended hiring times – mainly due to the inability to find qualified professionals, followed by hiring managers still waiting for the perfect candidate.
About the Survey
From May 14 to May 18, 2012, Dice surveyed human resource managers, recruiters, consulting and staffing companies from every region of the country who primarily hire or recruit technology professionals. More than 800 responded to the survey, with 45 percent identified as recruiting for their own needs. Of that group, 35 percent had more than 500 employees.