2022 Tech Hiring Trends
Article by - 1/21/2022
In 2022 there are going to be big changes to how software developers find work, their salaries, and the size of their teams. Find out more about software developer hiring trends for 2022.
Recently, an article on Forbes.com talked about how low the unemployment rate was for software developers prior to the appearance of COVID-19. And again, in 2021, software developers run along the same lines as lawyers with a 2% unemployment rate.
Right after COVID-19, companies trying to reopen and resume operations were desperate for tech employees as many had decided to participate in the Great Resignation. IT employees felt undervalued and unappreciated by their employers, and sought more lucrative opportunities elsewhere.
After this eye-opening revelation began happening in other fields of industry, employers began taking it more seriously. They understood that to retain the top talent, they must be willing to increase salary and benefits to attract the right candidates.
This year (2022) 68% of IT companies plan to hire 50+developers within the next year. With economic recovery on the way, digital transformation and product innovation are at a record high of 4.76 million dollars.
A new study from Glassdoor that reveals the tech hiring trends that will dominate the job market in 2022. A few changes that will be implemented into the hiring process include:
Higher salaries: There's no shortage of competition in the tech industry, and as it becomes more competitive, salaries will rise. The median salary for tech roles is expected to grow an average of three percent each year, according to Glassdoor's report.
Remote work: The ability to work remotely has become a major priority for many professionals, especially millennial. While working from a home office may not be feasible for every company and every role, more companies will offer flexible work arrangements and allow employees to work remotely at least some of the time.
More vacation time: As workers spend more time on their jobs and less time away from them, employers will feel pressure to increase vacation benefits — or face losing their best talent. More than half of U.S. workers don't use all of their vacation time, so giving employees a little extra can help retain key staff members who have reached senior-
Salaries are increasing by 9.5% on average across major tech hubs for experienced hires. There is a 357% increase in remote IT jobs and companies should base salary on market value instead of location because a lot of positions are being offered remotely. Going off of state averages is no longer accurate or efficient.
What has changed?
Software developers are weighing their options right now
There is more competition than ever before
IT techs want more than just money, they want better work/life benefits
Employees are acquiring in-demand skill sets to increase value.
How Employers are Responding?
Besides salary increases, sign-on bonuses will increase 5x more this year to attract more IT job-seekers. The focus is on better flexibility and more pay. It is estimated that . 72% of tech professionals are already considering leaving their job in the next year. That means that IT companies need to step it up and make sure their offers are competitive with work schedules that are flexible to accommodate more working parents.
Realizing that software developers don’t just want a job, but a career they can be proud of and benefits that let them know they are a valued member of the company, employers are rethinking their salary and benefits packages in correlation with the new trends. If you are seeking a flexible position where you can be paid for your skills and ability, sign up with Jobterix, an IT marketplace where freelancers and companies join partnerships. .