The Scoop: The 2022 Hiring Market, as seen by Tech Recruiters
Four tech recruiters share what they see on the tech hiring market.
Just over a year ago – back in September 2021 – I covered The perfect storm causing an insane tech hiring market. This was the situation:
“I have been debating writing about the elephant in the room; hiring in tech and how hot the market is. I’ve talked with dozens of hiring managers across all continents. All say the market is burning hot everywhere.
If you are a hiring manager who needs to hire, you’ll know what I’m talking about. There is a fraction of the usual candidate applications, closing is more difficult, candidates ask for compensation outside target levels. You might have people verbally accept and then turn around and decline for a better offer.”
Looking back, the second half of 2021 was the hottest the tech jobs market had gotten in at least a decade. In November 2021, I shared how companies were making one-off, out-of-cycle compensation increases of 5-30% across the industry.
How things have changed since then.
In the next few Scoops, we’ll take a broader look at the hiring market. Today, we start by talking with tech recruiters and next week we’ll aggregate observations from hiring managers. Today, we cover:
Early-stage startups and Venture Builders in MENA
Tech companies in the US and Europe
The current hiring posture of companies
Big Tech and Big Finance hiring insights in the US