Balancing the Skills & Shifts in Talent.
"Can you feel it? The tension is everywhere. It’s in the behavioral and survey data.
It’s on social media. It’s in the misalignment between recruiter and job candidate expectations. Tech hiring has changed dramatically from 2022 to 2023.
In last year’s report, it was clear the market was in choppy waters. Everyone knew change was coming, while gripping the metaphorical handrail.
The last 12 months have been an incredibly challenging time for everyone in the tech industry, for managers and engineers, the tech workers who support them, and for recruitment and talent teams. We witnessed impacts from layoffs, hiring freezes, inflation, and the explosion of generative artificial intelligence (AI).
We saw a turnabout from “work from anywhere” policies to “we’re going back to the office and this time we mean it.” As a result, we’ve seen significant shifts in the markets tech employers target and candidates’ expectations.
In the last year, we’ve seen signs on the horizon of an emerging crisis. Due to tighter hiring budgets, several companies shifted their focus to hiring more experienced talent while reducing investments in junior tech workers."
