Opinions expressed by Entrepreneur The shareholders themselves.
You are reading Entrepreneur United States, an international franchise of Entrepreneur Media.
In the first half of 2021, the US IT recruitment market gained an average of 13,000 jobs per month. It rose from an average of 5,000 to 8,000 jobs in the previous month, according to the Bureau of Labor Statistics. In addition, posts on the job search site have already increased 39 percent from February 2020 through the end of August 2021. According to the US Department of Labor, the number of job vacancies exceeded 8.7 million Americans who were unemployed and looking for jobs. To work when the delta variable rise began in July.
Increasingly competitive market
Leaders in the IT industry say they offer flexible work options, including a mix of on-site and remote work to attract and retain workers. Based on some estimates, the median wage for IT workers will rise from $94,600 per year in January to $97,000.
Says Chief Information Officer, Lenovo Group Ltd. CIO, Arthur Hu, The talent market is extremely competitive and is growing even more, given the growing need for digital business and digital transformation models. It is difficult to find qualified candidates for positions such as technical product managers due to the increasing demands of these professionals in the market. CIOs like Mr. Hu say they are looking for “non-traditional” individuals who may come from outside the company’s traditional sector, location or subject matter.
Related: Stop Seeing IT as a Cost Center
It is difficult to find qualified candidates for positions such as technical product managers in part due to the increasing demands of these professionals in the market. Some CIOs say they are looking for individuals who may come from outside the company’s traditional sector, location, or subject matter. According to CIO Prakash Kota, Autodesk has hired about 250 IT employees since the outbreak of the pandemic in early 2020.
Giving talent a high value
Rob Alexander is the Chief Information Officer at Capital One Financial Corp. He attaches great importance to talent and plans to hire more than 3,000 technicians by the end of the year. The company is taking advantage of its move to the Amazon.com public cloud and Amazon Web Services as an advantage for recruits. It enables developers to focus on rapid development and delivery of new applications and services using advanced software tools. Kathleen Southwick, CIO of Pure Storage Inc. It is difficult to obtain qualified candidates, especially software engineers, in the United States and internationally. Companies in Silicon Valley are vying for the best tech talent, including the Mountain View, California-based businesses. Pure Storage aims to attract potential workers by offering a flexible work style on a case-by-case basis and competitive salary packages.
Related Topics: How to Hire Talent, Not Geography
Benefits of working with offshore software development companies
American companies have a lot to gain from working with offshore software development companies. First, they can save a lot of time and money because the cost of outsourcing to these companies is much lower than in other countries.
In addition, they get high-quality work because the developers in these countries are more skilled and efficient. They also get additional benefits such as faster response times, flexibility, and access to skills not readily available in the US market.
The shortage of technical talent has been a major driving force behind this shift in hiring practices. Initially, companies can find technologists by looking at colleges and universities through interviews and social media. The shortage is now forcing IT leaders to find more creative ways to hire, including consulting, contracting and outsourcing.
Related Topics: Common Misconceptions About Nearshoring