Report: Demand for tech talent continues to gain momentum
Job postings for tech-focused roles across the economy are up 45% from January to June 2022 and up 52% compared to the same period in 2021, according to the newly released Tech Job Report from career marketplace Dice.
The overall job market for technology professionals continues to expand as organizations develop and advance their digital infrastructure to meet consumers’ increasing post-COVID demand for digital access to goods and services, despite the headlines of layoffs and hiring freezes at tech-focused companies.
Also read: Defense-in-depth: a proven strategy to protect industrial assets
Further supporting the expanding job market for technology professionals, there were 60% more job postings in June 2022 compared to June 2021. The numbers tell the same story of tech job market health in comparison to pre-pandemic, with June 2022 postings up 53% vs. June 2019.
While the continued strength of the tech job market may come as a surprise to some, the results are due to what appears to be a renaissance for tech-talent hiring across the nation. Companies may be taking note of consumers’ “new normal” regarding their preferences for digital options sparked by work-from-home pandemic living. These new lifestyle preferences, coupled with remote-job opportunities across the country, have created a bidding war for tech talent among companies in a wide range of industries to stay competitive in attracting technologists who will lead their digital transformation.
“Our Tech Job Report shows continued strength in the tech-hiring market, with job postings increasing throughout the first half of the year across banking, education, healthcare and a range of other critical sectors," said Art Zeile, CEO of Dice. “The recent wave of layoffs and hiring freezes in tech-focused organizations has not slowed down the overall demand for technologists. Moreover, we believe that current demand exceeds the available supply of unemployed technologists by at least two times.”
