Hi!
You are about to read an IT Market Snapshot summarising the
second quarter of 2023.
Since the year began, the labour market has been mired in
uncertainty, suspended recruitment processes or layoffs.
However, the analysis of data from the previous quarter seemed
to suggest that the number of job ads in the tech sector is,
surprisingly, increasing. We tried to explain this phenomenon
in the introduction to the previous edition of the report. The
inconsistency that we reported in Q1 2023 stemmed from the
fact that many job boards advertised the same remote position in
a number of different cities, distorting the actual number of job
ads. In Q2 2023, job boards abandoned this practice and pictured a
more accurate image of the current labour market.
According to our analysis:
- The number of job ads has decreased by staggering 43%.
- The number of employers publishing job ads has dropped by
27%.
It is equally important to acknowledge a decrease in the number
of job ads including salary ranges. Comparing to the previous
quarter, their number has dwindled from 41% to 36%. Based on
our experience and market research, it is highly probable that this is
related to the category of companies that are currently recruiting.
At the moment, most job ads are published by major organizations
that are much less likely to provide transparent information on the
salaries that they offer.
One should also bear in mind the changing trends in remote work.
For starters, the number of job ads offering remote work has
decreased by 2 p.p. comparing to the previous quarter. Secondly,
working on-site is currently more profitable for juniors, whereas the
gap between salaries of mids and seniors working on-site and their
colleagues working remotely is slowly bridging.
Does this herald the end of remote work? I would not venture
such a bold statement, but this phenomenon deserves increased
attention, as it might influence the situation of companies and
candidates alike.
You will find more interesting information, including the most
profitable technologies and salaries in particular cities, in this
edition of IT Market Snapshot.
Enjoy the reading!
