Year 2019 is the launchpad year for the Global IT Recruitment Industry, as it gears up for 2020 and beyond.
Digital transformation forces are shaping the information technology industry, its workforce, and its business models in the decade to come. Instead what we are seeing today is the ‘the iterative fusion of technology building blocks coupled with a generous helping of people and process’. What this means is that we are seeing a new foundational infrastructure and enabling components being put in place with emerging general-purpose technologies such as artificial intelligence, blockchain and cloud, all rounded out with data.
We are seeing the convergence of subscription commerce and the era of ‘as-a-service’ user experience, and the business process optimization. Apolis is on the frontlines of the IT recruitment industry. From our vantage point of the IT industry, we have spotted important hiring trends in IT recruitment thanks to the vibrant US Economy. Here is one industry prediction: An estimated 40% of full time employees will make a job change this year in the IT industry.
The CYBERSTATES 2019 Report, released by CompTIA (The Computing Technology Industry Association) in March 2019, is the definitive guide to the US technology industry and technology workforce. CompTIA is the leading voice and advocate for the $5 trillion global information technology and its more than 50 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. In the US alone, The tech sector has an estimated direct economic impact of $1.8 trillion, or about 10 percent of the total US economy, making it one of the largest industries in the economy.
Here are the key industry trends spotlighted in the CYBERSTATES 2019 Report:
–The net tech employment in the US has risen to 11.8 million in 2019
–In 2018, over 261,000 number of new jobs added in tech
–There are over 1.5 million software and web developers – the largest tech jobs category
–In 2018, there were over 3.7 million job postings with 400,000 in emerging tech areas
The CYBERSTATES 2019 report covered tech manufacturing and tech services, covering occupations such as core information technology (IT) positions and also engineering, repair, technician, and assembly positions. Net tech employment is a single metric Introduced to Cyberstates for 2018 that encompasses both components, making it easier to describe the tech workforce.
From the current scenario replete with growing job opportunities in the IT industry in 2019, candidates will become more selective. There are multiple positions out there for them to choose from—especially in the emerging technology areas. It is our view that a higher salary is not the only driving factor for job candidates in 2019.
Job candidates in 2019, in fact, will have a host of influencing factors to decide with. These will include selecting the right employer and a great workplace. Employee benefits, work bonuses and the flexibility to work from home will all help employees to decide on the best job that they can get. For this reason, lots of companies are rethinking their hiring strategies in order to fill those open seats.
The IT job markets do look healthy and promising for now. IT companies must work with Industry, government and stakeholders across board to create an IT environment where innovation can flourish. The opportunities and benefits made possible by a decade of digital transformation technology must be made available to all. This collaborative landscape will benefit millions of IT knowledge workers who rely on technology to do their jobs and build their careers.
At Apolis, it is our view that IT markets will grow as companies balance their short-term needs with long-term mandates. In the decade to come, employers and employees will face new challenges and create new opportunities to shape the workforce of tomorrow.
–Timothy Vo, Director of Global Recruiting, Apolis
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