A candidate once asked us, "I found my dream role at a new company and went to put in my notice – but my boss insisted that I stay, countering with a generous raise and bigger office. Which offer, the counteroffer or outside offer, would be better for my career?"
With top candidates staying on the market for 10 days or less, locating and hiring qualified talent is becoming increasingly difficult in the tech industry. Recruiters and hiring managers know the best architects, engineers, and developers are on the market for a matter of hours, not days. Gone are the times of making a hiring decision between top candidates over the course of several weeks or months, leaving employers in need of a fresh approach to traditional hiring methods. In today’s candidate-driven market, having a partner who can represent your brand, speak for your culture, and effectively source hard-to-fill positions is priceless.
Related: Tech Hiring Advice
In the job search, you'll come across positions that are salaried, contract, or contract-to-hire. Many job seekers tend to overlook the contract or contract-to-hire roles, but there is more opportunity in those roles than people realize. According to Career Builder, the career opportunities for contractors are continuing to grow. Since 2016, that number has increased by 46% with 51% of employers planning to hire temporary or contract workers.The biggest benefit, and often largest decision maker, for many contract job seekers is compensation, and more permanent candidates are turning to contract work as they find they don’t have to sacrifice benefits or work-life balance while making more take-home pay. Why is this?
In the current job market, candidates are interviewing the company just as the company is interviewing them. The Bureau of Labor Statistics reports that by 2024, there will be an increase of over 480,000 jobs in the technology sector. In a market where your tech talent has a variety of roles and companies to choose between, differentiating your workplace culture from the crowd is of utmost importance.
The interview is widely considered to be the most important part of the job seeking process, but how do you get there? To be considered for a desirable position, you need to stand out among other qualified applicants. Are you bringing the right tools and skills to the table? Before you’re even looking for your next job, do the homework to make sure you’re a top-tier candidate by the time you apply.
Using data from working to find hundreds of tech professionals their next role in 2016, Workbridge recruiting experts identified some trends in salaries, experience and skill sets for tech professionals. You can read the full report here. One of the notable findings was that salary growth stagnates for tech professionals after 15+ years of experience. Keeping these factors in mind can help you continue to increase your salary year after year if you position yourself correctly.
The contracting industry is growing exponentially. More and more Fortune 500 companies are turning to contracting as a business solution. Why? The cost associated with providing benefits and on-boarding for a full-time employee is high for a company on a tight budget. Contracting offers a solution for many employers looking for less overhead cost when it comes to hiring someone new for their team, quickly. So what does this mean for you? It means you have more opportunities to grow your skills and further your career – faster – as a contractor.