The annual Tech Sentiment Report by Dice reveals that despite a tech recession affecting the broader economy, a significant portion of U.S. tech professionals are actively looking for new job opportunities. Approximately one-third of technology professionals are actively searching for a new job, and 60% are considering changing employers within the next year.
Tech professionals are aware of their value in the job market, with a tech unemployment rate of 2.2%, which is lower than the national average of 3.8%. As a result, they feel they have room to negotiate for better benefits and salaries, especially if they possess high-demand skills or experience in popular tech roles.
The report emphasizes the importance of work-life balance and flexibility for tech professionals, with 63% of respondents stating that their work-life balance has not improved over the past year. Many tech professionals are seeking opportunities to work remotely, with 73% indicating that it is "extremely" or "very" important to have the option to work remotely at least three days a week in their next role.
Salary transparency is a key consideration for tech professionals, as 63% view a lack of salary transparency as a signal that a company is not committed to pay equity. Moreover, a company's brand, reputation, and commitment to diversity, equity, inclusion, and belonging are significant factors when tech professionals consider potential employers.
The report suggests that it is crucial for employers to prioritize strong candidate experiences in both hiring and retention efforts to attract and retain top tech talent. Additionally, more HR professionals are recognizing the importance of a good employer brand in influencing candidates to join their organization.
The report concludes that despite concerns about job security due to emerging technologies, tech professionals remain optimistic about the value they bring to organizations, and employers must adapt to the changing expectations and preferences of the tech workforce.
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