Tech Hiring Setting a Record, Overall Job Creation Big Too
Tech hiring remains very strong, with the bulk of November placements in the Network Security, Software Development, Disruptive Software, Digital Media / AdTech Platform, Cloud Hosting, Collaborative Software Development, and Social Music Connection Platform sectors. The most commonly hired positions included: Director of Sales, Product Managers, Test Automation Engineer, Senior DevOps Engineer, Linux Technical Support, Software Engineers, and Lead Front End Engineers.
Tech hiring may hit a record level according to the semi-annual national survey from Dice Holdings, Inc. 60% of hiring managers report the expectation of adding more professionals in the first half of 2015, which is four points higher than the mid-year survey and five more than November a year ago. Michael Durney, President and CEO of Dice stated in a press release: “Competition for talent is heating up, and as highly skilled professionals become more coveted, companies will need to create an action plan for when the perfect candidate chooses another job or ups the stakes and requests a higher salary before accepting the position.”
ADP’s report showing 208,000 private sector jobs created was a vast understatement of the BLS’s total nonfarm payroll employment increase of 321,000 jobs in November. Job gains were led by growth in professional and business services, retail trade, health care, and manufacturing.
The overall job market is positive too. US CEOs expect increased hiring, according to a quarterly survey from the Business Roundtable, but declines in capital spending and sales. These CEOs anticipate 2.4% economic growth in 2015, the same as they forecast for 2014. “The economy ended the year essentially where it started – performing below its potential,” stated BRT Chairman Randall Stephenson, Chairman and CEO of AT&T in a release on the website.