A report recently released by the Robert Half Technologies provides crucial information about what we can expect on IT hiring trends in the year 2018. The survey covered over 8000 professionals in the technology field in North America, about 2500 of whom are CIOs.
The study found out that, come 2018, the talent gap that we experience today will continue to be felt. This gap has piled a lot of pressure on businesses which are fighting to get the best tech talent, and most have resulted in using perks to obtain and maintain tech talents in their firms. The growth in IT salary trends has, for example, seen an increase in the healthcare IT salaries, as well as those in other sectors such as banking and manufacturing, among others.
From the report, there are seven IT salary and hiring trends that companies can observe and align to in the coming year.

1. Shortage of skills to remain

The deficit of tech skills experienced presently will still be there in 2018. This low supply of tech talent is now no longer just small inconvenience that can be overlooked but has become a significant bottleneck in a company’s performance. Most CIOs believe that this shortage is because most techies want more salary than the value they are adding. This scenario has made management prefer to hire slightly less experienced staff, who ask for lesser money, and who show aptitude to learn.

2. The hiring process takes too long

The hiring process that most companies employ is proving to be somewhat slow. The study showed that the due diligence firms subject themselves to during hiring has made the process too long and this has led to the eventual loss of talented people. In fact, of those interviewed, more than half of the professionals who have gone for interviews in technical positions are no longer interested in the offer if 14 days are over and the company has not responded. 41% of CIOs concur, and confessed that they feel the hiring process in their firms is too slow. In 2018, businesses should come up with a way of removing unnecessary procedural technicalities in their hiring process, as failure to do this will see them continue to lose tech talent which ends up hurting their operations.

3. Change of Focus due to Automation

It has also become clear that automation is causing a shift in skills that a company is keen on. Another separate report carried out by Robert Half show that automation of processes in the finance sector is already causing shifts, which 56% of the CFOs believe will lead to increased efficiency in the operations of the finance sector, as well as improved decision making. At this rate, the report suggests, the focus of most companies by the year 2020 will be to keep tab with technological developments, management of big data, compliance and maintaining the proper standards of financial reporting.

4. Uppermost Sectors having more Skills Demand

In as much as every industry is experiencing the need for more tech talent, the study showed that for the companies in the uppermost sectors, the need for this skill is acute. These industries include those in the healthcare, finance and manufacturing sectors. The healthcare sector, for example, is in focussing on innovation in its quest for efficient service delivery. From this we can expect an upward trend in the healthcare IT salaries as they seek to lure and hire more qualified tech talent to help in the attainment of their objectives. Those in the financial sector are looking for data security professionals due to the increasingly attack-prone environment they are operating in. In the manufacturing division, automation tops one of their greatest need for the coming year. In these industries, we can expect a growing it salary trends as a result of the growing demand for this tech talent.

5. Interpersonal Skills are now important

Traditionally, what has been most important in hiring technology professionals has been their ability to deliver technology results, and as a result, the technology department in a company has usually been out of touch with the operations of other units. In 2018, the study shows that there is an increasing need for technology professionals, in addition to their technical skills, to possess soft skills. They need to be able to listen to others, communicate clearly in a language that is easy for non-techies to understand, and collaborate with those in other departments, for example, marketing, to ensure that the technology solutions of the company are in line with the needs of the business and its operations and objectives. This integration will help to bridge the gap that has been traditionally there between the IT and other departments.

6. They are getting happier and less stressed

Another trend in the technology field is that the degree of happiness technology professionals derive from their job is increasing, while the level of stress is going down. It is good news for those working or intending to work in the technology sector. It is likely that the rise in IT salary trends and the many perks that companies offer technology professionals in their determination to acquire and retain them are the probable cause of this increasing satisfaction. Above 80% of the organizations studied said that they offer bonuses to their staff, as most firms said that they prefer to base their salary increases on the merit of individual performance as opposed to their length of vice as happens to professionals in some other fields. This not only leads to increased on-the-job satisfaction, but it also acts as an incentive to them to render even better services in light of what that brings.

7. Incentives are Critical

It is noteworthy that perks are doing their magic in acquisition and retention of tech skills. In 2018, companies must creatively think how they can use perks in their human resource strategies. Some of the most attractive perks from the companies studied include a mode of work that is liberal, having frequent social interactions as well as being able to work off-site, e.g., operating online. Other incentives that boost performance are giving rewards for achievements or attainment of milestones as well as the staff getting a share of the profits of the company. Employing these facets in the human resource will see businesses experience greater productivity in 2018.

These trends will inform companies about how best to tweak their human resource practices in light of what they can expect in the hiring patterns in 2018, and this will make then navigate the year with ease.