IT Hiring and Salary Trends for the Remainder of 2019
As 2019 enters its last few months, it’s now a good time to take stock of your company’s staffing efforts. Understanding current technology hiring and salary trends needs to be part of this analysis. A strong economy continues with a subsequent low unemployment rate, especially in the IT world.
So, let’s look more closely at recent trends in technology hiring to better inform your organization’s recruiting plans for the rest of the year. Use these insights to ensure a right-sized staffing approach to prepare for 2020 and beyond.
The Current IT Industry Talent Shortage
In the latter half of 2019, the tech world continues to suffer from an acute talent shortage. It’s a situation adversely impacting companies trying to embrace the wave of digital transformation throughout the industry. The need for specific IT skills to craft innovative digital solutions sometimes makes hiring difficult.
A recent study notes over half of the surveyed companies feel they are understaffed when it comes to technology. Because of this, other hiring strategies need to be considered to close any skills gap. This includes using temporary contract help and training in-house talent in the areas needed for these new initiatives.
An Increasing Demand for Hybrid Job Skills
2019 is seeing increased demand for technology professionals boasting both tech skills as well as industry-specific knowledge. This growing need makes sense when considering the massive impact being made by AI and machine learning in the financial industry and other business sectors.
It’s no longer good enough for IT pros to merely be technical experts. They must also possess relevant business domain knowledge to provide the most value to employers. Expect to work closely with your tech staffing agency partners to recruit this difficult to source talent.
Technology Professionals With Soft Skills are Also Needed
Somewhat related to that last point, in 2019 companies want IT pros possessing a mix of soft skills. These include problem-solving ability, strong verbal and written communication, and leadership. Once again, work closely with staffing agencies by providing them a detailed profile of the ideal candidate for any open position.
Compensation Matters When Making that Hire
IT professionals understand this is a candidate-driven market. As such, companies need to boost their salary offers. A robust benefits package, including tuition reimbursement and possibly a sign-on bonus, is another must to successfully make that hire.
If you need help building a great IT team at your company, talk with the experts at Digital Prospectors. As one of the top technical staffing agencies in the Northeast, we provide great candidates able to meet your specific needs. Schedule a meeting with us soon!