Posted by Kelly Grant, TCC Senior Technical Recruiter
This is the second post in a series regarding the impact of the COVID-19 pandemic on hiring in the tech industry.
Remember January 2020? Unemployment was 3.1% in Indiana (https://calendar.in.gov/site/dwd/event/january-indiana-employment-report-3/)
and tech companies were hiring like crazy. Then the COVID-19 lockdown started, and it feels like our world has been turned upside down.
Has there been a significant impact on hiring in the tech industry? Dice’s Q1Tech Job Report this year focuses on Q1 2020 data to look at the effect of the outbreak on the tech industry so far.
The report broke out the job posting data into four sets to make it easier to see the impact on different locations, roles and skill sets, as well as a comparison of Q1 2019 to Q1 2020.
This data looks at the impact of the COVID-19 outbreak on different types of employers. The report notes that the impact of the pandemic on overall company operations came as a shock for many tech leaders, and that some companies were better able to handle the shift to remote work and an increased load on infrastructure than others.
The report indicates that the top employers of Q1 2020 are tech giants, consulting agencies and government contractors. Amazon had a 110% increase in job postings between February and March, reflecting the need for software developers and network engineers to handle the increase in demand for Amazon as an alternative to physically going to grocery and other retail stores. Lockheed Martin was the top tech employer for Q1 2020, followed by Infosys, Oracle and Northrup Grumman.
The report states that smaller businesses that require a consistent cash flow to maintain or grow their workforce are currently affected more by the outbreak than larger businesses. It notes that if the COVID-19 pandemic continues for several quarters, even large businesses may have to radically change their operations to maintain their customer base and revenue streams.
In the next post, we will look at the data in this report for different occupations and the skills those roles require.
For more information on hiring at TCC please visit our website https://www.e-tcc.com/open-positions.