The Rising Demand for Tech Talent

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With employers across the country moving tech projects to the front burner, steady improvements in IT hiring are evident in all major markets.

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The Rising Demand for Tech Talent

  1. 1. The Rising Demand for Tech Talent Spring 2011 Report How you can win the battle for talent
  2. 2. The Rising Demand for Tech Talent “The Rising Demand for Tech Talent” report from Dice highlights trends in technology job postings andrecruitment activity over the past year. With employers across the country moving tech projects to the frontburner, steady improvements in IT hiring are evident in all major markets.This hiring environment is good news for recruiters who are adept at delivering candidates with hard-to-find skill-sets. But it’s about more than just highly targeted recruiting. Employers will need to put together more creativeoffers to attract the best candidates. As well, they may want to reconsider the perks currently in place for topemployees so they aren’t poached by competitors.Unemployment TrendsThe unemployment rate for technology professionals has been generally half the rate of the overall labor marketin the U.S., according the Bureau of Labor Statistics.Source: Bureau of Labor Statistics. Overall U.S. unemployment rate is seasonally adjusted. Computer/math unemployment rate is not.Tech Job Postings by Position TypeOverall technology job postings on Dice have grown30% year/year, reflecting increased recruitment Job Postings* Year/Year Trend Avg. Salary^activity and the dynamic need for tech professionals. Avail. Tech Jobs 75,648 +30% $79,384The demand for full-time hires is growing faster than Full-Time 45,366 +35% $77,361the rate of contract demand (35% vs. 22%) illustrating Contract 34,289 +22% $98,266that employers are gaining confidence in their Part-Time 1,592 +33% $36,783business outlook.This resurgence of full-time hiring amplifies the challenge of retaining top tech talent.* Jobs posted on Dice as of March 1, 2011. A single job posting may reflect more than one skill, location or type of position; therefore total figures for those attributes may be greater than total jobs posted. ^ Source: 2010-11 Dice Tech Salary Survey. Page 2
  3. 3. Tech Job Postings by RegionThe East and West Coasts continue to dominate the number of tech job postings, which is impacted greatlyby the large metropolitan areas of New York, Washington D.C., San Francisco/Silicon Valley and Los Angeles.The North Central and South Central regions have shown the largest growth over the last year with increasesof 43% and 39% respectively. Strong job posting gains in Chicago, Detroit and the state of Ohio have helpedfuel growth in the North Central region.* Jobs posted on Dice as of February 1, 2011. ^ Source: 2010-11 Dice Tech Salary Survey. Page 3
  4. 4. Top Tech Metro AreasEvery major metropolitan market in the U.S. has more job postings on Dice this year than last, resulting inincreased activity for HR professionals and recruiters in filling open requisitions. Silicon Valley, Chicago and Seattlehave shown the biggest gains in the top 10 markets with tech openings up 40% or more over last year.Most Common Tech SkillsJava/J2EE, Oracle and C languages have topped the list of most common tech skills found in Dice job postingsfor quite some time. Positions requiring these skills are also among those reported as the most difficult-to-fillamong HR professionals and recruiters, because they say there are not enough candidates in the market andtoo many openings. The boom in cloud-based applications is likely one factor driving the demand for JavaScript,up 86% year/year.* Jobs posted on Dice as of February 1, 2011. ^ Source: 2010-11 Dice Tech Salary Survey. Page 4
  5. 5. Fastest-Growing Tech SkillsWith tech job postings on Dice up 30% year/year, many technology skill-sets have grown at more than twicethe market rate. Cloud computing is still in relative infancy but it tops the list in growth with openings up nearlytwo-fold over the last year. The importance of reducing hardware and operating costs is driving the need for thosewith virtualization experience, specifically VMware, helping this skill come in at #2 on the list.Skill requests had to appear in at least 1,000 job postings on any given day to qualify for analysis.Top-Paying Tech SkillsCertain hard-to-find skills-sets and experience will command premium salaries from employers. AdvancedBusiness Application Programming, which is used with SAP’s business application systems, has topped thelist of highest-paying skill-sets in the Dice Salary Survey for the last three years.* Jobs posted on Dice as of February 1, 2011. ^ Source: 2010-11 Dice Tech Salary Survey. Page 5
  6. 6. In SummaryWhen the economy took its downturn, many tech professionals were cautious and chose to stay with theircurrent employers. During tough times, people stick with what they know.Now it’s evident by the positive trends in job postings on Dice that recruitment activity is picking up in the techsector.Forward-thinking companies will not only need to have a more aggressive plan in place for attractingtop candidates, but also to keep current employees happy and satisfied. Recruiting and Hiring Advice Dice is more than just a job board and recruiting network. We are a trusted resource for employers and recruiters. Visit Dice’s extensive Resource Center at www.dice.com/resources for a full range of articles that will help you source the best tech candidates. You may find these topics particularly interesting: • Talent Poaching: What’s in Store for 2011 and Steps for Staff Retention • Three Simple Steps to Better Candidate Care • Overqualified Candidates: To Hire or Not? • Recruiters: Five “Must Know” Things for Placing and Closing Candidates • Six Steps for Getting in the Social Recruiting Game©Dice. All rights reserved.4101 NW Urbandale Drive | Urbandale, Iowa 50322 | 1.800.979.DICE(3423) | dice.com Page 6

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