IT Hiring Is Moving Full-Steam Ahead But More Tech Candidates Are Rejecting Offers

IT employment is ongoing to develop continuously by 2.88 percent since May 2013 and Mark Roberts, Ceo of TechServe Alliance doesn’t realize that ending soon. Roberts mentioned the, “curiosity about IT and engineering talent will remain robust for your not too distant future.”

As job options grow, IT professionals have one of the least expensive unemployment rates within the u . s . states. Inside the first quarter of 2014, the unemployment rate for this professionals is at only percent. With a good amount of job openings plus a shortage unemployed talent, competition for gifted technical candidates is fierce. 32 percent of hiring managers and recruiters mentioned more tech candidates are rejecting offers in comparison with 6 several days ago. Why lots of rejections?

One factor contributing to individuals rejections can be a traditional candidate buying process that moves too progressively for this kind of competitive market. Some candidates they can fit using a phone screening, a technical interview, an initial personally interview plus a final interview before an offer is produced. Even though this extensive process may be thorough, it takes lots of time. During this time period a job candidate may be interviewing at others. Offer rejections are likely once the initial company doesn’t compare or is simply too slow for the offer.

As employment chance grows, its not all IT professionals would like to depart their current roles. one third of corporate hiring managers mentioned technology professionals were departing their current positions this year, a decrease from 42 percent departing their positions in 2013. The reduction in candidates ready to leave their current companies together with employment growth is creating ample opportunity for that handful of IT professionals taking interviews. This frequently results in multiple interview, multiple offer situations. Each time a candidate receives multiple offers one or more offer will probably be rejected, possibly all offers once the candidate was already employed. They’ll compare the offers, their present position, and what they desire from the completely new chance and pick the best option for themselves.

Offer rejections may be using the position’s inadequate growth potential, benefits, or competitive salary. 59 percent of hiring managers say their positions Are going unfilled using the salary guidelines to complete the job. Within this competitive marketplace, 61 percent of candidates are requesting more earnings compared to they may have six several days ago. Signs show this upward pressure on compensation continues through 2014. Offering an aggressive salary has switched right into a necessity within it in 2014.