Tech Employment Remains Flat as Demand Continues to Outstrip Supply
In April, job growth in IT was effectively unchanged from March. On a year-over-year basis, IT employment was largely flat with just under 1% growth in the year’s period, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. Engineering job growth shows an uptick over the course of the year, including a slight addition of 10,300 jobs from March to April 2022.
“With the onset of the pandemic, remote work and demand for digital transformation across all industries heightened the competition for talent, only to be followed by worker movement in what has been dubbed the Great Resignation, adding a new layer of hiring complexity,” said Mark Roberts, CEO of TechServe Alliance. “Throughout these changes, tech employment has remained strong as hiring managers continue to face challenges in filling specialized tech roles.
“Despite entering a period of economic uncertainty, we expect this high level of demand for IT professionals to continue as supply remains insufficient to meet the needs of businesses; hiring organizations will need to be laser-focused on strategies that discover talent through new sources while emphasizing their brand value to retain their skilled workforce,” Roberts added.