We’re always aiming to make the job search process easier for users, so we took a look back at our job data in 2016 to see what trends job seekers and hiring managers experienced. Some we expect to continue in 2017, while others won’t make it past the stroke of midnight.
Here’s a few of our top findings...
In technology, the top 5 desired roles hiring managers are looking to fill are:
Saas, enterprise and ad sales executives
Visual and UI designers
Brand, content and media relation marketers
It wasn’t a surprise for us that software development roles have the highest demand. Large companies in almost every industry are using their own proprietary software tools, in addition to the technology they are creating, and this all requires software developers. The tech sector continues to expand, with new investments into brand new technologies. Take AI alone, CB Insights reported that 140+ startups using AI as a core part of their products raised $1.05B in funding in Q3’16 and deals reached a 5-year high this year. 2017 seems like the year of AI, drones and self-driving cars, but who knows what’s in store for 2018 and how many software developers we’ll need to build the technology.
Marketing was the most competitive field in 2016. On average, there are 50 applicants for every available marketing position.
For aspiring and current marketers, the job search is getting more competitive and we expect it will continue in 2017. Technology companies are focusing on filling technical roles first, especially start-ups and small companies. Hiring managers will continue to receive a pool of engaged, qualified candidates for marketing roles. For marketers, this may mean looking at nontraditional career paths.
In fact, the number of freelancers grew in 2016 and we predict this will continue in 2017.
Upwork’s study found 35% of the workforce was freelancers (study) in 2016, and we predict this will continue to grow in 2017, especially in competitive marketing and creative fields. Job seekers are looking to nontraditional paths, taking on contract or “gig” assignments. In 2016, services like Obamacare, made it easier for individuals to manage health benefits that were previously taken care of by a company, contributing to individuals feeling more secure with taking the risk of a nontraditional career path. Additionally, as millennials continue the trend of working anywhere via a laptop and leading minimalist lifestyles, we’ll see freelancing continue to increase as more of an emphasis is put on lives full of experiences instead of the traditional 9-5.
Job seekers are favoring small to mid-size companies that were founded later than 2002.
In technology, the startup reigns supreme for job seekers. We predict this to remain true in 2017, mostly due to the culture and workplace style that job seekers desire. Culture fit was one of the top reasons job seekers chose to accept a new offer in 2016 and this will continue to have a major impact on job acceptance in 2017. The traditional culture of a startup with flexible hours, an open workspace and employees who are excited about new technology remains desirable for job seekers in the technology industry. Equally, hiring managers will need place importance on evaluating job seekers for culture fit or workplace style when distributing job offers, because often a misfit in culture is one of the main reasons employees look to leave.
Lastly, we expect job tenure will continue to shorten in 2017.
The technology industry has the lowest average employee tenure, and this will continue to be an issue in 2017 (article). This can be attributed to the increase access job seekers have to information about available job opportunities, via multiple portals. In demand candidates are bypassing traditional application methods, either being recruited from their current roles or using technology tools to immediately connect with hiring managers. Hiring managers no longer see job hopping as a red flag when hiring employees, but rather a commonality. As the technology sector continues to boom and companies are looking for top-level candidates, employee tenure will continue to shorten as candidates hop from one job to the next.
One thing is certain, the technology sector is continuing to rapidly grow and we expect this to continue in 2017. Who know’s what new tech we’ll be reflecting on this time next year!