IT employment is continuing to grow continuously by 2.88 percent since May 2013 and Mark Roberts, Chief executive officer of TechServe Alliance does not observe that ending in the near future. Roberts stated the, “interest in IT and engineering talent will stay robust for that near future.Inch

As job possibilities grow, IT professionals have among the cheapest unemployment rates in the united states. Within the first quarter of 2014, the unemployment rate for It professionals was in a mere 2.7 %. With an abundance of job openings along with a shortage unemployed talent, competition for gifted technical candidates is fierce. 32 percent of hiring managers and recruiters stated more tech candidates are rejecting offers when compared with 6 several weeks ago. Why a lot of rejections?

One factor adding to those rejections is really a traditional candidate selection process that moves too gradually for this type of competitive market. Some candidates they fit via a phone screening, a technical interview, a preliminary personally interview along with a final interview before a deal is created. Although this extensive process might be thorough, it requires considerable time. During this period an applicant might be interviewing at others. Offer rejections are most likely when the initial company does not compare or is just too slow towards the offer.

As employment chance grows, not every IT professionals are wanting to leave their current roles. 1 / 3 of corporate hiring managers stated technology professionals were departing their current positions this season, a decrease from 42 percent departing their positions in 2013. The decrease in candidates prepared to leave their current companies along with employment growth is creating ample chance for that couple of IT professionals taking interviews. This frequently leads to multiple interview, multiple offer situations. Whenever a candidate receives multiple offers a minumum of one offer is going to be rejected, possibly all offers when the candidate has already been employed. They’ll compare the offers, their present position, and what they need from a brand new chance and select the right choice for themselves.

Offer rejections might be in line with the position’s insufficient growth potential, benefits, or competitive salary. 59 percent of hiring managers say their positions ‘re going unfilled in line with the salary guidelines to do the job. In this competitive marketplace, 61 percent of candidates are requesting more income compared to what they might have six several weeks ago. Signs show this upward pressure on compensation continues through 2014. Supplying a competitive salary has turned into a necessity inside it in 2014.

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