IT managers adjust their recruiting strategies with even more in-demand tech talent
The US IT job market has created an average of around 13,000 jobs in each month of 2021 so far, compared to a typical monthly average of 5,000 to 8,000 jobs, said Victor Janulaitis , managing director of Utah-based consulting firm Janco Associates. Inc., which analyzes data from the Bureau of Labor Statistics.
Growth in the IT job market has been driven largely by the push towards digital initiatives such as e-commerce during the pandemic, as well as the need for cybersecurity experts, he said.
Overall demand for workers in the United States remained strong, with posts on the job search site Indeed.com increasing by about 39% at the end of August compared to February 2020, the Wall Street Journal previously reported.
Data from the Department of Labor showed there were 10.9 million unfilled jobs at the end of July, when the Delta Variant wave began, surpassing the 8.7 million Americans who were unemployed and looking for work that month.
To recruit employees and retain existing technical staff, IT managers say they offer flexible work options, such as a combination of in-person and remote work. The median salary for IT professionals is expected to reach between $ 96,000 and $ 97,000, up from $ 94,600 in January and $ 95,600 in June, Janulaitis said.
“The talent market is very competitive and is becoming increasingly so, given the continued importance of digital transformation and digital business models,” said Arthur Hu, chief information officer of the personal computer manufacturer. Lenovo Group Ltd. which currently has hundreds of IT job openings. .
Positions such as technical product managers are in high demand and sometimes difficult to fill, Hu said, adding that he often seeks “non-traditional” candidates who might come from an industry, geography or location. ‘a different discipline.
“Good ideas can come from anywhere,” he said.
Software company Autodesk Inc. has hired around 250 IT workers since the pandemic began in early 2020, said Prakash Kota, the company’s CIO.
The IT group has never recruited at this rate before, he said. He attributes the hiring push to the company’s goal of internalizing tech talent related to artificial intelligence, data science and cloud computing, Kota said. Data science jobs are difficult roles to fill, he said.
The company offers competitive compensation and the option of a mix of in-person and remote work to recruit IT staff, he said. “Culture plays an important role” in hiring and retaining talent, he said. For example, it’s important to make sure that IT staff feel they are contributing to important initiatives and having an impact on the business.
Talent is a top priority for Rob Alexander, CIO of Capital One Financial Corp., who aims to hire more than 3,000 technologists by the end of the year. Many of these roles include software engineers focused on cloud computing, data, machine learning, and cybersecurity.
To differentiate itself from its competitors and attract the best technological talent, the bank has placed emphasis on lifelong learning, diversity and corporate culture, Mr. Alexander said. The company is also using its migration to Amazon Web Services, Amazon.com Inc.’s public cloud, as a selling point for new hires, as it allows engineers to focus on building and rapidly deploying new applications and services while using the latest software tools. .
“For me and my management team, our highest calling is to build a world-class technology team and unleash the potential of this talent,” said Mr. Alexander.
Cathleen Southwick, CIO at Pure Storage Inc., a data management and storage company, said it was difficult to find qualified candidates, especially software engineers, in the United States and around the world. The Mountain View, California-based company competes with other Silicon Valley giants for tech talent. Pure Storage tries to attract potential employees by offering a flexible working style on a case-by-case basis, as well as competitive compensation. Ms Southwick said the company also offers certification programs in areas such as cloud and IT services, to let IT employees know the company is investing in their careers.
IT managers will need to play a central role in recruiting and retaining talent in the competitive job market, she said. “We’re going to have to keep reinventing how, where and what we deliver to employees, whether it’s our benefits, our flexibility or our locations,” she said.
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