Tech Workforce & Hiring Trends - May 2022
Monthly curated digest of hiring and employment news related to the tech industry
16 May, 2022
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This is Stout's monthly curated digest of hiring and employment news. Sign up to receive it each month in your email inbox.
Retirees are returning to the workforce after the pandemic
Millions retired early during the pandemic. Many are now returning to work, new data shows. A tight labor market, better covid outlooks and higher wages are luring retirees back to the workforce. An estimated 1.5 million retirees have reentered the U.S. labor market over the past year, according to an analysis of Labor Department data by Nick Bunker, an economist at Indeed. Read more from The Washington Post.
More than 2/3 of hiring managers say engaging talent is more difficult
The Greenhouse Hiring Manager Sentiment Report, released this month, surveyed over 1,500 hiring managers and C-suite executives about the job market. More than two-thirds of hiring managers (67%) say engaging talent is more difficult now than it was before the pandemic. And they only expect it to get harder – 75% say they anticipate hiring becoming more difficult in the year ahead. What does this mean for companies? Read more from Fortune.
Job openings soar into the spring
Job openings hit new records, while 4.5 million Americans quit or changed jobs in March, reflecting labor market strength. Employers posted a record 11.5 million job openings in March, as the labor market continues its rapid ascent. Read more from The Washington Post.
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Remote jobs in tech jumped more than 420% in just a few months
The tech industry warns that more remote-work jobs are headed out of United States. Worker shortages, limited immigration in the U.S. may favor jobs in Canada and elsewhere. Remote jobs in tech jumped by more than 420% between January 2020 and last month, growth that was intensified by the pandemic, according to a jobs data review by Tecna, a trade group for regional tech councils. Read more from The Wall Street Journal.
The class of 2022 surveyed in March list their job demands
The class of 2022 is in demand. New grads want money, flexibility and specific assignments—as well as a chance to come into an office. About half of new grads who hadn’t decided on a job had gotten at least one offer without accepting, according to a March survey of more than 2,500 soon-to-be graduates by Chicago recruiting firm LaSalle Network. Read more from The Wall Street Journal.
Robots are being used to screen candidates. But is it fool-proof?
Finding it hard to get a new job? Robot recruiters might be to blame. More recruiting companies are using AI technology to review applications. While companies and vendors are not required to disclose if they use artificial intelligence or algorithms to select and hire job applicants, all the leading job platforms – including LinkedIn, ZipRecruiter, Indeed, CareerBuilder, and Monster – have deployed some of these technologies. Read more from The Guardian.
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Stout Systems is the software consulting and staffing company Fueled by the Most Powerful Technology Available: Human Intelligence®. We were founded in 1993 and are based in Ann Arbor, Michigan. We have clients across the U.S. in domains including engineering, scientific, manufacturing, education, marketing, entertainment, small business and robotics. We provide expert level software, Web and embedded systems development consulting and staffing services along with direct-hire technical recruiting and placements.
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