If you’ve tried to hire an IT professional in the past six months, you may have noticed it more challenging than before. Maybe you found the right person but they accepted another position before you could extend an offer. Or it could be that they started your job but left half way through the contract for another, “better” position. Two market trends have been the largest contributors to this occurrence:
1.) The IT job market continues to steadily grow, having expanded 31% in the last 15 years.
2.) The unemployment rate in IT is 2.3%.
The increase in technology jobs in the market along with a low number of IT professionals looking for work has made it harder to find IT talent today. Additionally, the Information Technology and Innovation Foundation found that 48.3% of college students that initially enrolled in STEM programs are changing their minds and pursing non-STEM related fields.