The economy and the pandemic have shaken up several industries in 2020. Looking at statistics in the IT sector can help you gain a firmer grasp of the jobs in demand and roles currently being phased out.
1. Robust Tech Job Postings in 2020
Job postings in the tech industry experienced an increase during the first three months of 2020 and continued to stay robust into April and May. Several companies are starting to realize they need to have an online business model to compete in the future. The pandemic helped confirm this path for many businesses when face-to-face service was abruptly halted. Competing in the future will require you to deliver services online and manage a remote workforce.
2. 112,000 IT Jobs in the United States Were Lost in April
The beginning of the pandemic in March 2020 led to the loss of 20.5 million US jobs in April. Out of that figure, 112,000 were related to the IT sector, which experienced a record drop, according to data from CompTIA. While this is a negative impact, it is less than one percent of the total jobs lost, which speaks well for the sector as a whole
3. IT Executive Pay Is Experiencing Little in Cutbacks
According to the nonprofit organization, the Conference Board, which tracks economic statistics, 11 percent of the companies in its index indicated they would be implementing pay cuts for senior managers and top executives. Of those 11 percent, only 6.6 percent were in the IT industry. It’s no surprise that the hardest hit were associated with services in the hospitality and travel sector as well as ridesharing services.
4. Tech Employees Leave for Higher Pay or Better Work Conditions
At just over 70 percent, one of the main reasons employees in the tech sector switch jobs is to seek higher pay, according to the Dice 2020 Tech Salary Report. The second reason why these employees will look for work somewhere else, at 47 percent, is the desire to improve working conditions. Keeping tech employees happy and paying them a wage they deserve is probably in a company’s best interest if they want to make sure they keep their most productive workers. This helps ensure they won’t have to find new employees by using an IT staffing company Dallas professional.
5. Surging Demand for Engineers in the Cybersecurity Space During March 2020
With the realization by many companies in Dallas Texas and elsewhere that they need to move more of their operations online, it increases the threat of getting hacked, which requires tighter security measures. The Dice jobs report indicated that during February and March of 2020, when lockdown orders began, there was close to a 20 percent surge in demand for cybersecurity engineers. Other postings for related job titles also experienced a boost with companies looking for analysts, specialists, consultants, architects and managers in the cybersecurity space.
6. Demand Dropped for Web Developers During March 2020
Data from the Dice report also indicated a drop in demand for web developers by 25 percent during the February and March period. In addition, graphic designers experienced a 17 percent drop in job listings during the same period. Many of these jobs involve making a website look better by implementing front end development techniques.
7. Drop in Demand for Other Developer Jobs
A drop in other developer job titles was also recorded by the Dice report about when the pandemic was announced in the February to March timeframe. Software developers experienced an eight percent decline in job listings, senior software developer job listings fell 11 percent and business intelligence analysts had the highest drop at 13 percent.
8. Some Sectors Experienced an Increase in Developer Job Postings
The news wasn’t all bad for developer job postings as some job titles received an increase in demand. Systems engineers saw a rise of 11 percent and .NET developer job listings increased by 12 percent. While this is good news for individuals in these specific niches, other areas in IT may be slowly phased out as the requirement for their skills are bundled into different positions. These jobs include quality assurance engineers, project managers, system administrators, and front end and back-end engineers.
IT jobs where the future looks bright for an increase in demand include analytics professionals, security pros, product managers and data engineers and scientists. If you’re pursuing one of those careers, you’ll likely have an easier time finding work.