8/3/2023 0 Comments Experis man power![]() First, large-scale shifts to enable business continuity during COVID left companies with a set of employees who became less necessary as the business and consumer environments returned to more normal operations. In other words, the tech industry faced two problems. Layoffs among big tech firms arose largely from two business forces - the need for improved balance sheets and efficiency and changes in customer behavior wrought by changing economic conditions, according to Zachary Chertok, an analyst with IDC Research. “With 339,000 job openings in the most recent BLS report, and a strong outlook across every sector and every region extending into the third quarter, we’re still rewriting the rule book and the US labor market continues to defy historical definitions.” ![]() “The US labor market continues to demonstrate grit amid chaos - from inflation to high-profile layoffs and rising gas prices,” Becky Frankiewicz, president of ManpowerGroup North America said. ![]() (Janco has been more bearish about the economy than some other firms.) ManpowerGroupĪt the same time, however, the number of tech jobs throughout the US economy rose by 45,000, according to CompTIA’s report, which was based on BLS data. And a report from Janco Associates last week showed that the US economy has slowed during the past several months, with CIOs and CFOs pulling back on many IT initiatives and recruiting. Some research firms show greater hiring and others less, depending on how they parse government and survey data.įor example, job postings for open technology positions eased off last month, down to about 234,000 from April’s 300,000, according to a report from IT industry group CompTIA. Tech companies shed an estimated 4,725 jobs - a figure that includes nontechnical workers - in May, according to an analysis of the BLS figures by IT industry group CompTIA. Large organizations with more than 250 employees are more than three times as optimistic as small firms (with fewer than 10 employees) to hire in the next quarter, with employment outlooks of +47% and +14%, respectively.Įarlier this month, the US Bureau of Labor Statistics (BLS) released its hiring data for the month of May it showed a 0.3% increase in overall unemployment - from 3.4% to 3.7%. In the northeast, 40% of employers plan to increase staff the midwest is expected to see a 32% increase and companies in the south are expected to boost hiring by 29%. Regionally, the strongest hiring intentions for next quarter are in the west, with 43% of employers planning to add to workers, according to ManpowerGroup. In past years, ManpowerGroup’s survey has been conducted by telephone. We can't find enough of them," Doyle said. "I wish we could clone full stack developers. ManpowerGroupĪmong the skills most in demand in IT are project managers, business analysts, and software developers. Of the 41 countries the broader ManpowerGroup survey covers, US employers rank second in the world for IT talent demand in Q3, well above the global average, according to Doyle. While Novermber 2022 through January 2023 was marked by well-publicized layoffs, Doyle said the market has stabilized and most organizations have finished "chopping." So, you’re hearing about the down a lot, but not the up as much." But if you look comparatively, and consider a company like Microsoft - who is a big client of ours - they hired over 100,000 people and they 20,000 people. "The tech companies hired the most and then dropped the most. "Yes, there were layoffs, but you have to look at the hiring companies did - and not just the tech companies," he said. Top IT staffing priorities include jobs in cybersecurity, technical support, customer experience and fullstack developers, according to Doyle. ManpowerGroupĭespite a slew of high-profile layoffs over the past year, 74% of IT employers in the US say they are still having difficulty filling open roles, according to the ManpowerGroup's US employer survey. Overall, ManpowerGroup has never seen a more agressive hiring trend, according to Ger Doyle, senior vice president of Experis, a ManpowerGroup-owned IT staffing and project services company. In comparison to the US, only 28% of employers worldwide plan to add to their headcount, according to ManpowerGroup, though 39% of those in the global IT industry expect robust hiring in Q3. Including the US, ManpowerGroup surveyed nearly 39,000 employees in charge of hiring or with hiring knowledge in their organization in 41 countries. Of those nations, 29 report an increase in hiring intentions higher than in the previous quarter.
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