OnWrd & UpWrd’s Post

1) I learned early on at P&G that EVERYONE should be OPEN to new career opportunities at all times, especially when you consider both internal and external opportunities. 2) Some of the numbers in this report should scare anyone leading an IT team. If you don't have a tech talent plan, you should get one quickly. Let me know if you need help with that as that is part of what I do for Vernovis

Utahns are more likely to work in the tech sector than workers in 41 other states — and the state is home to one of the country’s biggest concentrations of tech workers, in relation to the overall workforce. That’s according to a new ”State of the Tech Workforce” report, released earlier this week by CompTIA, a national association of tech workers. However, federal and state employment data also suggests that growth in Utah’s tech sector has stalled in recent years. Employment in Utah’s tech sector grew a fraction of a percent from 2022 to 2023, according to CompTIA’s report, which analyzed data from the Bureau of Labor Statistics. But it receded again in 2023, according to state employment data. There were nearly 2,000 fewer jobs in what the state classifies as the “Computer Systems Design and Related” sector this past February than there were in February 2023, and roughly 100 fewer jobs in “professional, scientific and technical services.” Utah’s tech employment growth also trailed behind national industry trends, according to the CompTIA report. That’s perhaps unsurprising to the hundreds of tech workers at such Utah companies as Pluralsight, Qualtrics and Lucid Software who lost their jobs in the last year. #siliconslopes #techjobs #techindustry #jobsreport #employmentgrowth By Shannon Sollitt

Did a new thing at the end of this article: added a survey! Data in these reports don't account for the personal experiences of Utahns in the tech industry. I would love to hear from those workers. If you work or used to work in Utah’s tech industry, please weigh in!

The shortage of qualified tech workers is not going to get better, the number of people going into the tech field is rapidly shrinking. This article has some great insights on ways to prepare for this.

The market is booming for tech professionals. A recent survey found that over half (52%) of tech workers feel they have the upper hand when negotiating jobs. This is fueled by the fact that 78% believe they can land higher salaries by switching employers. We can add value by helping you to: 1. Access highly skilled but hard to find talent 2. Implement and scale-up development, migration, integrations and operations 3. Drive innovation and efficiency 4. Reduce your manpower costs and management time Get in contact with us now: Web: https://rebrand.ly/genesIT Tel. +61 (02) 8977 7517 #technology #engineering #developer #software

CompTIA’s prediction that Utah’s tech industry will grow this year by as much as 5% mirrors national projections by the Bureau of Labor Statistics’ projections, which have the tech workforce in the United States growing twice as fast as the workforce at large. CompTIA predicts Utah will lead the charge in job growth over the next 10 years, with the workforce growing by 33%. https://bit.ly/4aMrUaZ

States are finding innovative ways to address IT staffing shortages. According to the 2022 Digital States Survey, CIOs were concerned that many government tech positions would remain unfilled due to upcoming waves of retirements. However, states like Indiana are taking steps such as removing 4-year degree requirements, providing earn-and-learn programs for non-technical hires, and increasing salaries to be more competitive. Indiana's CIO stated that these initiatives have "turned the tide" on workforce gaps. Well done, Indiana!  #workforce #hhsit

Despite almost half (45 per cent) of UK tech professionals receiving a pay increase last year, and 1 in 7 receiving a promotion, UK tech teams are feeling the strain of budget constraints and rising workloads – as half (50 per cent) report that they’re considering leaving their present role in the next 12 months.

Quick gut check for those of you that hire IT talent: 💡 "Tech occupation employment over the next 10 years is expected to grow at about twice the rate (2x) of overall employment across the economy" (https://lnkd.in/gvZFxwyA) North American companies are facing a staffing dilemma as demand for IT talent drastically increases. How do you beat your competition to sustainably hire and retain top tech talent? Many companies will try the two extremes before looking at alternative options: 💰 First option, pay for the top talent in the US. Typically, this means you are competing with the large Tech organizations that are shelling out $200k-300k+ salaries. This works until you are understaffed because the budget doesn't allow enough flexibility to scale up a large enough team with those salaries. 💲 Second option, find the cheapest outsourcing option you can. This option comes paired with higher turnover rates when timezone/culture doesn't align. It is a short term fix... a "Band-Aid" solution. There is a third option that North American companies have increasingly taken notice of year over year: ✅ Nearshoring. Latin America has the highest retention rates in the IT world. It is a sustainable, long term option. 30-50% more cost effective than hiring in the US. While still maintaining 100% timezone alignment with Experts who speak fluent English. This is a perfect blend of the two extremes to find a long term, sustainable growth solution for your team.

Explore the dynamics of the European tech hiring landscape as the article reveals a 40% decline in hiring rates and pay, shedding light on the evolving trends in the tech industry.