Hey friends in tech! Scared of negotiating? Fearful of resisting RTO? Think your employer has the upper hand? Think again. Hiring data and recruiters confirm job market is still hot: https://www.businessinsider.com/tech-jobs-layoffs-stock-crash-hiring-freeze-salaries-benefits-2022-6 Let’s not undervalue ourselves. Don’t get fooled by the false narrative that jobs are hard to come by and we need to succumb to RTO. We don’t. Story is behind paywall, so here’s an excerpt: — Layoffs at Netflix and Tesla. Hiring freezes at Meta and Twitter. Rescinded job offers at Coinbase. If you're a tech worker, you aren't the only one freaking out about your job prospects right now. Is this the end of the boom for coders? Are we headed for a repeat of the dot-com bust? To get a read on where things stand in tech, and how worried everyone should be, I took a look at the data and spoke with a bunch of tech recruiters. To my surprise, I came away bearing good news: The job market in tech is still going strong. Some of the recruiters I talked to don't see even the smallest hint of a slowdown. Others say the industry's recent hiring frenzy has started to cool off — but only a little. And even those slightly more pessimistic experts agree tech workers have no reason to panic. "It's still a really, really healthy job market," Chris Bakke, the CEO of the tech recruiting platform Laskie, told me. "It's still very competitive. It's still very aggressive in terms of what companies are willing to do for the right candidates." To understand where the job market in the tech industry stands today, let's start with just how fierce the war for talent has been over the past year. For all the talk of the labor shortage in restaurants and hotels during the Great Resignation, it's really tech workers who have been in the scarcest supply. Last quarter, the unemployment rate for all workers stood at 3.9%. For software developers, unemployment was only 0.6%; for database administrators and architects, 0.5%; and for network and computer systems administrators, a basically nonexistent 0.1%. And no wonder — as the coronavirus pandemic fueled a rapid shift to e-commerce and remote work, everybody needed tech professionals with the skills to make that shift possible. Since February 2020, the number of job postings for software developers on Indeed has soared by 120%. Among the 51 occupational categories that Indeed tracks, only real-estate jobs have seen a bigger increase, and by only a tiny amount. That surge in demand has given tech workers the leverage to command outsize salaries, signing bonuses, remote-work privileges, and all kinds of perks and benefits that would have been unthinkable before the pandemic. "In 23 years, I have never experienced a market like the one we've been in in the last six to nine months," Megan Slabinski, who oversees tech recruiting in the Pacific Northwest and Northern California for Robert Half, told me. "Candidates are absolutely in the driver's seat."
The media likes to sell fear, their overlords are benefiting from depressing wages
They say this, yet a large swath of comp even at elite firms doesn’t pay enough to own a home in the cities where they do business. 😂
I’m currently interviewing, and Toronto market is still booming. Lots of US companies coming here to get us Canadians.
Where do you look for job postings?
I don’t know. If layoffs keep happening that increases the supply of devs on the market competing for open spots
It kind of makes sense Layoffs are in the tens of thousands per month and that's 0.1% of the total tech worker market of millions
You do realize that the CEO of a recruiting company has incentives to portray the job market in a good light, right?
lol