A report about the technology industry sector published by Indeed shows promise for employers in need of skilled workers.
The report published Feb. 28 suggests that there is a smaller “skills gap” in the technology industry than the overall economy, making it easier for employers to find the workers they need. The study used data over a four-year period from Indeed’s job seeker resumes and postings from 2014-2018 looking to see how fast tech jobs are changing, do tech employers seek fewer jobs than other markets and do today’s tech job seekers match what employers need.
The key findings from the report suggest that the types of tech job postings are changing less frequently than all job postings in the overall economy. The study also suggests that even though there are fewer tech openings, finding talent is easier for employers. The last key finding indicated that tech job seekers are better matched to current job openings than job seekers in the overall economy.
Tech job market changes slowly
According to the study, the tech job market is that it is actually changing more slowly than the overall labor market.
“The image of a sector that is relentlessly charging forward, with new types of jobs appearing every day, is not reflected in the data,” the study suggests. “Overall job postings on Indeed were 25 percent different in 2018 than 2014, but tech job postings were only 18 percent different.”
The study suggests that although tech is changing slowly, the demand for certain skills is still changing.
“In tech, demand for full stack developers and software engineers has climbed over the past four years, while demand for .net and java developers has declined, according to Indeed data,” the study suggests.
It’s getting easier to find tech employees with skills
Although tech has fewer job seekers respective to job openings compared to the overall market, the study suggests finding skilled employees is getting less challenging.
“In 2018, it appeared to be relatively easier to find tech workers than in 2014,” the study suggests. “The tech skill training industry has expanded and there is more emphasis on preparing workers quickly. With more and faster training, it makes sense that tech employers are better able to find workers who have the skills they need.”
Finding the right employee can be difficult, especially with the amount of tech job seekers in the economy. Fewer candidates are available for higher in tech, but there are more emerging in the field.