668x200_BlogHeader_RegionalReport

The latest regional employment report from the Bureau of Labor Statistics has been released and the IT industry is adding more jobs than most industries around the country. Month-over-month employment in the tech sector increased in 32 states. This is no surprise following the strong national jobs report released at the beginning of the month that showed a significant drop in the IT unemployment rate. Professional, Scientific and Technical Services, a sub-sector of the Professional and Business Services industry, is currently showing an unemployment rate of 2.9%. The last time we saw a rate lower than that was 7 years ago.

Outside of the tech sector, month-over-month job additions occurred in 31 states, however, 17 states saw job losses. Year-over-year numbers were a bit more encouraging as 48 states saw employment increases. These stats further signify the continuing momentum for IT and solidify the sector’s spot as a top performing industry.

[click to continue…]

{ 0 comments }

During the recession, employer competition for talent was at an all-time low, and companies could get away with hiring talent at lower salaries. Today, market demands for top tech talent have surged—and salaries are rising as a result. To stay competitive, companies need to be prepared to offer strong salaries. In fact, it’s non-negotiable, given the number of opportunities that top employees have in front of them.

As a Hiring Manager, you see this trend every day. Recognizing the need for higher wages, you’re prepared to make your case and fight the battle for better pay. The challenge, however, is that your c-suite may not see eye to eye with you in meeting this need. After all, salary increases will bump up your organization’s line item expenses.

What you need to do is focus on ROI, not costs. Share the following trends with your company leaders to help them see why they should pay more for top tech talent.

[click to continue…]

{ 0 comments }

NYSE Goes Down, IT Workers Become Heroes

by Trey Gunn on July 8, 2015

The NYSE resumed trading after being down for nearly four hours on Wednesday. On a day mired by technical glitches, the New York Stock Exchange found itself on the losing end of an unprecedented technical malfunction that occurred at 11:32 a.m. EST. All outstanding orders at the time of the malfunction were cancelled. Trading on the exchange resumed at approximately 3:10 p.m. EST.

Several federal agencies and the White House released statements indicating that the problem was not a result of an act of cyber terrorism, an initial concern in the context of the several coincidental system failures around the country, including (but not limited to) United Airlines’ system failure (reportedly caused by a faulty router) and the Wall Street Journal’s homepage failure (most likely a result of traffic volume related to the NYSE failure). All of the agencies continued to monitor the situation well into the afternoon and are expected to conduct investigations to pin down the exact cause.

[click to continue…]

{ 0 comments }

How Tech Billionaires Made Their Fortune

by Modis on July 6, 2015

The booming tech industry has its fair share of creative entrepreneurs and wealthy CEOs, but have you ever wondered what it takes to make it to the top? What are the key ingredients for success – both as a manager and as an employee? Many of the tech world’s wealthiest billionaires started at the bottom and innovated their way up the ladder. You can learn a lot from their distinct attitudes and approaches to craft these turbo-charged mega businesses. Here’s a look at three well-known tech billionaires and how they made their fortunes.

[click to continue…]

{ 0 comments }

February 2015 Unemployment ReportThe June Jobs Report from the U.S. Bureau of Labor Statistics shows an economy that is still creating jobs at a steady rate. The big talker today is the unemployment rate both nationally and in the IT sector. Both are currently at the lowest they’ve been since 2008. With a .2% drop from May to June, national unemployment is now 5.3%. With a 1% drop since last month, the IT unemployment rate is significantly lower than the national number, at 2.9%.

Last month, 223,000 new jobs were added. Job additions for April were revised from 221,000 to 187,000, and the change for May was revised from 280,000 to 254,000. With these revisions, employment gains in April and May combined were 60,000 lower than previously reported. Over the past 3 months, job gains have averaged 221,000 per month.  Year-over-year job gains are now averaging 250,000 per month. While economists say the report missed the mark for key indicators of economic recovery, the IT industry is still holding steady as the top performing sector and tech job growth continues its upward climb.

[click to continue…]

{ 0 comments }

Master The Art of Salary Negotiations

by Modis on June 26, 2015

Almost every job seeker is told at one time or another to negotiate when considering a job offer—a common perspective is that candidates should always ask for more. As a hiring manager, recruiter or HR leader, you need to be prepared with a solid response.

At a minimum, you need to be authentic. You should always study your competition to know what top performers are earning. You should always meet your candidates’ perspectives with respect and hear their cases for higher salary. And most importantly, you should put your best package on the table.

Here’s how to stay competitive in today’s negotiation-driven job market.

[click to continue…]

{ 0 comments }

Modis