Business

Tech Employment Trends: Understanding the Full Story

ByAudInsights.blog October 5, 2023November 23, 2023

As the leader of a company that tracks tech employment trends, Art Zeile has had a front-row seat to the industry’s highs and lows over the past few decades. It is an interesting time for both workers and decision-makers in the tech sector. However, it is important to beware of news headlines that only show one side of the story.

While it is true that tech salaries are on the rise in certain specialties such as Artificial Intelligence, cybersecurity, and cloud engineering, these spikes in salary should be viewed as outliers. The average compensation for tech roles rose by roughly 7% in 2022, but apart from these hot spots, salaries across the tech sector are not as favorable as they may appear.

Despite turnarounds in the overall unemployment rate across the tech sector, technologists have less bargaining power. Job postings for tech roles have dropped significantly compared to last year, indicating a tech recession. The U.S. tech economy operates differently than other sectors, and it has recently lost a significant number of tech jobs. Employers are wary of hiring tech employees despite the overall growth of the economy.

Salary is only one part of the story when it comes to tech hiring trends. Other factors such as career development, flexibility, work-life balance, and culture also play a significant role in workers’ decision-making and loyalty. Tech workers want remote and hybrid work options, and they expect flexibility to continue even as we head into 2024.

Contrary to the assumption that AI will take away tech jobs and lower salaries, AI is not likely to change the role of being a technologist in the next five to 10 years. Instead, technologist salaries are expected to climb as employers ask these professionals to take on more diverse responsibilities.

In an industry that evolves rapidly, it is important to do thorough research and not take trending headlines at face value. What may appear on the surface may only present part of the story.

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Source: Salaries, hiring, AI: Here’s what’s really happening with U.S. tech jobs

Maxine Laceby: From Stay-at-Home Mom to Successful Entrepreneur

December 10, 2023December 10, 2023 Business

Maxine Laceby, the founder of Absolute Collagen, shares her journey from being a stay-at-home mom to becoming a successful entrepreneur in her forties. She overcame countless obstacles and challenges, ultimately building a thriving business based on her discovery of collagen and its transformative effects. Maxine’s story highlights the importance of perseverance, self-belief, and supporting fellow women in business. Her company, Absolute Collagen, has grown exponentially and serves as a source of inspiration for aspiring entrepreneurs.

Controversy Surrounds Military-Themed Brewery Plans in Virginia

December 11, 2023December 11, 2023 Business

A military-themed brewery in Norfolk, Virginia, is facing opposition over allegations of racist and homophobic remarks by one of its owners, Robert J. O’Neill. The brewery’s conservative branding and O’Neill’s social media complaints have prompted concerns about the brewery’s suitability for the military-friendly city. The Norfolk planning commission recommended denying permits, citing public opposition and lack of support from the local community. The City Council is set to vote on the conditional use permits, with the brewery threatening legal action in case of rejection. Critics argue that the company’s ownership and views do not reflect the diversity of the military or Norfolk’s demographics. Controversial statements and promotional videos have further intensified the dispute. The brewery maintains that it welcomes everyone and supports the military community. Skepticism remains, and the city’s decision will determine the future of the project.

The Journey of Mei Xiang, Tian Tian, and Xiao Qi Ji: National Zoo Pandas Return to China

October 29, 2023November 11, 2023 Business

The beloved giant pandas, Mei Xiang and Tian Tian, along with their cub, Xiao Qi Ji, will be leaving the National Zoo in Washington, DC, next year. Zoo staff faced challenges in getting Mei Xiang and Tian Tian to mate, resorting to artificial insemination. The pandas are expected to return to China as part of the Giant Panda Cooperative Research and Breeding Agreement. Mei Xiang has given birth to four surviving cubs during her time at the zoo. This journey marks the end of their over 20-year stay in the United States.

The Growing Threat: US Air Force Works to Counter China’s Navy Expansion

November 13, 2023November 22, 2023 Business

The US Air Force is actively working on countering the expansion of China’s navy by enhancing its capabilities in sinking well-defended warships. China’s rapid fleet expansion and advanced air defense system pose a major threat to US forces. The Air Force has reemphasized its focus on maritime strike and is collaborating with the Navy to improve joint operations. New targeting systems and advanced weapons are facilitating the engagement of maritime targets. Adaptations are being made to overcome the challenges posed by the vast distances in the Pacific, including the development of dispersed air bases and the deployment of drones.

Author Michael Lewis Defends Book Amid Criticism of Sympathy Towards Sam Bankman-Fried

October 6, 2023November 23, 2023 Business

Author Michael Lewis defends his book about Sam Bankman-Fried amid criticism of being too sympathetic towards the former crypto titan. Lewis argues that there are multiple perspectives to consider in the trial and highlights the importance of not rushing to judgment without all the information.

The Shift in High-Paying Jobs: In-Person Roles on the Rise

January 11, 2024January 11, 2024 Business

According to a report by Ladders, high-paying hybrid and remote jobs are becoming more scarce, with listings for these roles declining by 69% in the final quarter of 2023. In contrast, in-person roles have increased by 93%. The shift towards in-person work could impact hiring, retention, and salary prospects this year. Larger companies may offer higher salaries instead of work flexibility to attract talent, while smaller companies might use flexibility as leverage to recruit high-level individuals. However, claims of decreased productivity and performance in remote work environments are often unfounded, as studies indicate that remote work can be equally or more productive.

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