Tech Hiring Market Trends: Key Takeaways

With many job seekers and hiring managers trying to make sense of the ever-changing tech job market, having a better understanding of the top trends that are impacting the IT world is fundamental. Motion Recruitment recently published our Tech Hiring Market Trends 2024 Update, with some of the main headlines summarized below.

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1. Tech unemployment remains low, but so do job openings and salary raises.

Companies and job seekers should note that the IT job market isn’t as dire as some would make it out to be, but there are still struggles. Outside of public sector jobs, there is a slowdown of growth in the industry. Salaries are still healthy compared to many other parts of the economy, but the time for double-digit compensation bumps are a thing of the past.

2. Tech hiring is increasing in more rural areas, not major cities.

The biggest areas of tech growth so far this year have been in more rural areas across the country. As bigger cities are seeing a drop in new opportunities, places like the Midwest and Deep South are making strides in growing their IT communities.

3. Workplaces are becoming less remote.

There is a continuing trend of enterprises looking to get their workers back into the office, despite evidence showing that the tech community prefers remote work. This debate is likely to continue for years to come, so businesses and IT workers need to decide how important a remote, hybrid, or fully in-office work environment is to them.

Ready to advance your tech career or struggling to hire top mid to senior-level talent? Contact your local Motion Recruitment office today and connect with a specialized recruiter who can help you achieve your goals.