“As we approach 2025, tech hiring managers and candidates are seeing notable shifts. While hiring is on the rise, 87% of tech professionals feel secure in their current roles,” said Matt Milano, president of Motion Recruitment, in a statement. “To attract talent, companies must be quick to move on top candidates and flexible in their total compensation package. Job seekers should base their expectations on the current market, not past inflated figures—and be prepared to come in-office for a higher starting salary.”
The report also shines a light on the greater implications of IT skill shortages. According to Motion Recruitment, “the IT skills shortage has resulted in an estimated $5.5 trillion in losses due to product delays, reduced competitiveness, and lost business opportunities.”
In response, companies are moving toward skills-based hiring, which looks more at track records and previous projects to gauge a candidate’s current skill set—rather than relying on strict traditional criteria, Motion Recruitment reports.
