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The tech landscape may be changing (if the seemingly endless layoff headlines are anything to go by) but the demand for tech talent is still high, and according to new data from Indeed, tech workers themselves still have the power to make demands.
A survey conducted by the hiring platform along with global insights agency Skim found that 70% of tech workers had more than one offer on the table when they landed their current role, and that 67% of job hunters want to work for “established companies” over startups.
Tech workers have come to expect a certain level of transparency, and lack of details can affect whether they hit “apply.” According to Indeed, tech workers are most interested in job listings that give detailed information about salary and benefits, and the top reason cited for not completing an application is insufficient information about compensation.
Tech workers also want to hang on to pandemic-era benefits like remote and hybrid work. According to the Indeed survey, three-quarters of tech job-seekers are seeking remote or hybrid jobs. Meanwhile, job postings specifying hybrid arrangements have higher click-through rates than fully remote or fully in-office roles.
That may be a challenging line to walk for companies that want to entice tech talent but also prioritize retention; Indeed’s data indicates that hybrid work policies that require at least three in-office days a week lead to stronger retention (compared to policies with one or two days a week.)
But there’s one area in which tech may have a head start when it comes to attracting talent: employee well-being.
Thirty-nine percent of job seekers report looking for a new job because they want a better work/life balance, while 38% say the stress levels at their current role are too high. And while 37% say they want to find a fully remote job, 34% are just looking for more flexible hours.
And the tech industry may be a good place to find those things. Tech sector workers are more likely to have unlimited PTO than other industries (42% in tech compared to 13% in banking, for example.) They also work fewer hours on average, according to Indeed.
A surprise stat: Scott Dobroski, Indeed’s career trends expert, pointed to a somewhat unexpected finding in Indeed’s data: 10% of tech workers are currently working multiple jobs. (Most of those include a full-time job plus a part-time or freelance job.)
While the overall number of Americans who hold more than one job is on the rise, Dobroski said the number could be another indicator of just how in-demand tech workers are.
“We see many tech workers receiving multiple job offers and some are even working two full-time jobs at once, perhaps in hopes of ‘trying out’ two companies to determine which one is really the best fit for them,” Dobroski said in an emailed statement.
“With tech workers accepting multiple offers and prioritizing flexibility, employers must adapt their strategies to attract and hire these in-demand workers.”