STATE OF TECH EMPLOYMENT Many non-tech companies were less affected by the conditions of early 2023 that led to layoffs, con- tinuing to grow and enhance their technical resources. 71% of HR professionals outside of tech com- panies said they are hiring for growth, with 52% saying they are back昀椀ll hiring. This gives tech workers the opportunity to move to tech roles inside companies that might not be on the cutting edge but offer stable jobs at levels of income that are expected for those roles. Critical Skills for Tech Functions Source: 2023 Global Technology Leadership Study by Deloitte Leadership (e.g., inspiration, communication, executive presence) 54% Problem-solving and decision-making 47% Relationship skills (e.g., influence, partnerships, collaboration) 44% Creative and innovative thinking 41% Data science and analytics 40% HR Pros and the Pace of Hiring Source: Workforce and Learning Trends 2023 by CompTIA Growth Hiring 71% Backfill Hiring 52% Read more: What IT Professionals want Hiring Freezes 19% from their jobs in 2024. Layoffs 24% Separations due to Skills Gaps 23% You may have noticed that in the summer of 2023, there was an unusual increase in the amount of PTO taken – with an 11% increase of vacation time off – making the hiring process slower in the summer. While there are a number of contributors, statistics have shown a noticeable increase in burnout, as companies that had layoffs earlier in the year force workers to “do more with less.” Additionally, the stormy clouds of uncertainty from 2021 to even the beginning of 2023 subsid- ed, so workers previously fearful of losing their jobs could feel comfortable taking PTO. When the seemingly industry-wide summer vacation ended, there was an uptick in tech hiring – particularly of in-demand roles. MOTIONRECRUITMENT.COM 08