IT specialists are now among the most sought-after workers in today’s labor market as top organizations in a variety of industries seek for wider adoption of digital technology. Programming languages like Clojure and F#, with salaries ranging from 81 to 95 thousand US dollars, were tied to the highest IT salaries in the world in 2021. To better assist their IT workers, businesses wanted to invest in remote and hybrid work arrangements by 2022, which they have been almost keeping up with by the first half of the financial year. The Info tech industry has been finding it the hardest to recruit full stack and back end developers, but the job market is expected to keep rising thereby increasing the projected job openings in the next year as the world gets more digitized. The bottomline? Candidates with IT skills have a better future now than ever before globally.
Taking a closer look at the US tech industry:
The U.S. IT workforce reached its high in January 2022, with just under three million workers employed, following a sharp decline in June 2020. Moreover, six million people are expected to be employed in technology in the United States by 2030. Jobs in IT management received the highest incomes, topping one hundred fifty thousand dollars annually. At the same time, typical annual salaries for software developers and cyber security experts were between 120 and 130 thousand dollars. It should come as no surprise that Silicon Valley paid the highest wages to IT specialists.
What does this mean for you?
My earlier blog could guide you to see that now is the time to make a career shift if you have been on the fence about getting into IT sales. The industry has been looking to expand its diversity recruitment to correct its long-standing problem concerning gender diversity and inclusion. This means a definite rise in opportunities for women to get into this field. The share of women employed in computer and mathematical occupations in the U.S. is 25.2% and 35.6% have been hired as Computer and information research scientists as of 2020. Women still do not enter the IT employment market at the same rate as males, despite some advancements over the last years brought about by growing societal pressure. Women were represented at a rate of 21% in IT teams in 2021, compared to only 11% in cybersecurity teams. Diversity hires are now on the top agenda to usher in fairness and equality in the future.
CHALLENGES in the IT industry
- To the software developers: Unrealistic timelines and a lack of suitable or sufficient work tools were two of the biggest problems that software engineers had to deal with at work in 2022. 12% of developers feel dissatisfaction with working in a remote or partially remote team as of 2022. It is related to Rework, changes, unplanned work and unplanned problems.
- Very few people aim for a higher level of formal education: As of 2022, 41.32 percent of software engineers held bachelor’s degrees, while slightly over 21% had earned a Master’s degree. A doctoral degree of some kind was also attained by little under three percent of the population.
- Coding is relatively new: only around 20% of the professionals have been coding for 3 to 4 years while only 0.34% of developers have been writing code for at least 50 years, which makes super specialization hard to come by.
- Areas of interest are few: According to a developer poll, robots and small applications technologies are the ones that interest software developers the most globally, with 50% of respondents saying as much. As of 2021, computer vision was a popular technology that developers were working on.
- Shortage of global cybersecurity professionals: cloud computing security, security analysis and investigations, and application security are the top three areas for cybersecurity personnel deficiency within organizations as of 2021. (The employment statistics show an overall shortage with regards to the rise in cybercrime and dark web activity. The number of professionals working in the cybersecurity industry is estimated to be only over one million in the United States in 2020. The number globally is 4.1 million, up from 3.5 million in 2020.)
- Most stressful aspect of cybersecurity professionals’ jobs worldwide in 2021 is finding out about IT initiatives and projects that were started by other teams within their own organization without any security oversight.
- Global recruitment: In October 2021, The Netherlands’ share of tech jobs were characterized as hard to fill in relation to total tech jobs, at 56 percent. By contrast, for Denmark, France and UK, the share of tech jobs that are hard to fill was below 40 percent! ( A job position that is hard to fill is a job that remained for more than sixty days on the relevant job posting site Indeed.com without finding a suitable candidate)
5 HIGHEST PAYING JOBS GLOBALLY:
- Data Scientist
Given how much money businesses are investing in big data, data scientists are among the most in-demand specialists today. Big data is crucial for developing consumer-focused solutions and improving the effectiveness of products and services. In order to assist them in making more data-driven business choices, corporations are now recruiting data scientists. Data experts are in high demand right now, and during the next several years, more data scientists will be employed by prestigious corporations. Data scientists have the potential to make a basic income that is 36% greater than that of the majority of analytics professionals in line with this demand.
2. Artificial Intelligence Professionals
Since AI applications are growing steadily, there are now thousands of open roles that need qualified workers. In the future, this number is only expected to expand. However, a lack of highly qualified AI workers has forced businesses to compete with one another for the finest personnel. It goes without saying that all the top businesses are making rich offers to AI professionals, in addition to a variety of additional advantages.
3. Cyber Security Professionals
Nowadays, almost every type of organization has an online presence, making it crucial to safeguard their priceless digital assets. Due to the fact that cybersecurity is essential to all types of organizations, there is an increasing need for cybersecurity specialists. They make sure that companies and brands are protected from online threats and crimes.
4. Machine Learning Professionals
By creating more individualized solutions for customers, AI and ML have completely revolutionized the current world. To reduce business risks, machine learning experts assist businesses in making more data-driven business decisions.
Machine learning specialists have shown to be invaluable resources for businesses, and demand for them is growing yearly. A machine learning certificate or degree can launch your career in intriguing new areas.
5. Full Stack Developers:
Web development and upkeep are the responsibility of full-stack developers. They are very important in the tech department of any firm since they can work on both the front end and the back end functions of any programme. According to reports, the need for full-stack engineers has increased by 20% recently.
Startup businesses appear to be hiring more full-stack developers since they want experts who can handle product applications from beginning to end. You may anticipate high-paying offers from both startups and leading MNCs if you enjoy coding and have remarkable understanding of Java, CSS, Python, RubyonRails, and other coding languages.
