Jobs Under Corona Is The Picture Dark?
Experts Chart The Future Of Technology Jobs Under Corona
Many companies during the Corona pandemic abandoned their employees, and technology companies were not immune to these layoffs, which raises many questions among technical experts about changing supply and demand in an industry that is booming in some areas during the pandemic. Because these questions are the top priorities for everyone everywhere nowadays, TechCrunch contacted experts at technology recruiting companies to find out their opinions and expectations of what will happen in the labor market during the next three to six months.
Ba-Bam! Job Seekers Are On The Decline.
Specialists have told TechCrunch that they have seen a sharp drop in job searches with many professionals and technologists on the market, and observers attribute this drop to the closing situation that complicates recruitment procedures, forcing job seekers to wait. Sales and marketing centers – especially in startups that deal directly with consumers – were dealt a severe blow, and will not return any time soon, perhaps not even in 2020. The Bates National Recruitment Corporation says Caroline Bates:
When the Coruna virus hit, we saw a freeze of 80% of our work.The Bates National Recruitment Corporation
Bates Recruitment, which supplies the market with employees in technology, sales, marketing, and human operations, says its clients have laid off workers due to the market situation, resulting in the disposal of 30% of the employees of these companies and reducing the remaining salaries of employees by 20%. However, the company found that, in contrast, there are active recruitment processes to search for competencies in certain areas with lower salaries than usual, “There are so many talents in the market that there are reserve candidates for backup candidates”. The company advises job seekers at the present time to acknowledge that the game has changed and not to pressure when negotiating salaries with the recruitment company that may “move to the next candidate.” Everyone will be hired within their budget now, and they will often make no exceptions”.
Most companies have largely blocked searches for senior positions today.
Terry McFadden, vice president of Norwest Venture Partner, says (Norwest Venture Partners) Specialized in hiring executives in technology companies,
“Before the Corona pandemic the company was working on nearly 160 active searches for employees in administrative centers, this number decreased by more than half “.Terry McFadden
She adds that some of her clients have canceled the search for managers of their companies, while others stop searching temporarily to find out what will happen during the coming period. Meanwhile, some roles are more affected than others, McFadden says, and notes that executive office wages in companies that have been negatively affected by the Coronavirus have fallen, as senior supervisors are now getting a 20% reduced salary, while the next level of Management reduced salary by 10%. Sam Holly, a longtime partner with recruitment firm Valley Valley, expects (Valley Valley ) Specialized in engineering and design, for the engineering market to decline in the coming months with wages dropping 10% to 20%.
It is a matter of demand and supply. For the first time in more than a decade, the supply of engineering talent in the market may exceed the need for it, or at least the ability to pay for it. While new companies are always created, finding a suitable job may take up to a year, and this period may be reduced if you search for work in a different industry or other geographic regions.
But The News Is Not All Bad:
And because much of the technology sector is improving better than elsewhere, there is still some movement on the employment front. Bates says she is starting to see companies “upgrading” their teams, which means firing lower-performing employees and replacing them with talent that enters the market with lower salaries. This is particularly the case with industries that sell to the government and sell productivity and healthcare improvement programs.
Holly believes that “strong companies continue to employ”, and there are two categories of strong companies in the current situation in the technology sector, namely small startups that focus on developing products with a large number of employees, and companies that find greater demand for their products at the present time, such as Software tools designed to make the difference remotely.