Though the market has shifted slightly since the peak of the Great Resignation, the job market is still showing signs of strength with low unemployment hovering at 3.5% and over 260,000 jobs being added in the United States in September (Vaco’s Q4 Market Report). Despite the recent headlines of layoffs across the nation, the labor market is still tight while demand for talent remains at a high.
To get a pulse on the current technology workplace trends, we collected responses from 130 technology professionals within Vaco’s Nashville network. The results reflect their insights on the job market, what they’re looking for in their career development, and their outlook on a potential recession.
✓ The technologies that employees want to get into
✓ Thoughts regarding a recession & its impact on the workforce
✓ Wage increases within the past 12 months
✓ Top motivations for employees seeking new opportunities
Companies around the nation are continuously assessing their hiring and retention strategies as employees remain in the driver’s seat. Keeping up with market trends and getting creative with benefits packages will help companies in the war for top talent.
If your company is struggling to remain competitive to prospective employees, Vaco can help you creative an effective strategy. Vaco’s deep experience and people-based approach can deliver efficient, cost-effective solutions. We’ve perfected the process of finding quality talent around the world. We know what it takes to identify candidates both globally and locally and to retain talent remotely – making your organization that much stronger.