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7 IT salary and hiring trends for 2018

CIO | Feb 7, 2018

Demand for tech talent will continue to outpace supply in the year ahead, while the mix of skills necessary to remain relevant in IT will undergo a significant shift.

Copyright © 2018 IDG Communications, Inc.

Robert Half Technology surveyed over eight thousand technology professionals in North America - including twenty-five hundred CIOs - to uncover hiring technology hiring trends for 2018.

Here are seven of the biggest trends in IT hiring, and how that will impact employers and employees in the year ahead.

The tech industry is still experiencing a talent shortage and its negatively impacting businesses. The report found that forty-four percent of CIOs say they miss out on top talent because they can't offer competitive salaries.

To fill skills gaps in 2018, expect to see more businesses hiring less experienced workers who are motivated and eager to learn the right skills.

Two thirds of non-executive technology professionals surveyed said that if they didn't receive a follow-up within two weeks of an interview, they'd lose interest in the job.

According to the report, it takes an average of four and a half weeks to fill a staff-level technology role -- something 41 percent of CIOs are unhappy with.

This year, businesses will have to find ways to speed up the hiring process, without sacrificing hiring quality.

Automation isn't poised to steal technology jobs in 2018 - instead it's changing the skills that are important to businesses.

This is especially true in the finance industry, where 56 percent of CFOs expect automation to increase efficiency, while 43 percent also believe it will improve decision making.

CFOs are focused on bringing in the right talent and skills in 2018, in order to keep pace with technology growth by 2020.

Every industry needs tech workers- and that demand will only grow in 2018. Specifically, in the healthcare, finance and manufacturing industries, which are seeing a greater need for technology professionals.

According to Robert Half Technology, expect to see a increase in demand for cloud, open source, mobile, big data and security skills in 2018 - all vital skills in these three industries.

Technology has become a company-wide initiative and it's no longer isolated to the IT department. For example, forty seven percent of CIOs say they need to collaborate with marketing, which requires more than just technical skills.

In 2018, expect businesses to look for tech workers with strong listening, communication and critical thinking skills.
The tech industry ranks sixth for on-the-job happiness and first for the lowest levels of on-the-job-stress.

Part of that might be due to the competitive benefits and salaries companies use to land tech talent. Seventy-two percent of businesses offer merit-based raises and eighty-one percent said they offer bonuses to motivate workers.

In addition to competitive salaries and bonuses, companies are upping the ante when it comes to workplace perks.

The most popular perks include flexible work schedules, social events, remote work opportunities, on-site fitness centers, free gym memberships, alternative schedules and free food.

Other popular incentives you can expect to see will include profit sharing, retention bonuses, stock options and deferred compensation.

It's clear that 2018 is a great year to work in technology, with competitive salaries, benefits and increased job security.
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