The Millennial generation has been moving to Denver in droves. Between 2010 and 2014, the Denver metro area had one of the largest influxes of domestic migrants in the U.S. Many of these migrants were Millennials, who make up more than 20% of the city’s population. This influx is present in more than just the city’s general demographics: Millennials are also on the rise in the Denver tech market. For any Denver organization that is thinking about the future, it’s time to develop a hiring strategy that embraces Millennials and works to recruit and retain this generation of up-and-coming tech professionals.
Not every talent acquisition expense is set in stone. Certain costs, like salary requirements and benefits, almost have a minimum buy-in due to the competitive nature of the talent market. Other expenses relating to the actual hiring process allow for more wiggle room, if business leaders know which processes to streamline and where the average cost per hire can be cut down. There are several ways to lower the average cost per hire in a market where compensation shows little sign of slowing. Continue reading
The Denver IT market is finally getting its dues. Back in February, Information Week and Dice partnered up to release their list of the hottest cities for IT professionals and Denver was in the top 10. That’s no surprise to people in Colorado.
According to Dice, the average annual IT salary in Colorado’s capital is $94,940, which is eighth highest in the country. But where is the Denver IT job market expected to go from here? Continue reading
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.