Key Takeaways
- In 2023, the average time-to-hire for IT roles in the US was 44 days, compared to 36 days across all industries.
- 75% of IT hiring managers report skills gaps as the top challenge in recruiting software engineers.
- Only 28% of IT companies use AI-driven tools for resume screening, despite 60% expressing interest.
- IT industry turnover rate stands at 13.2% annually in 2023, higher than the 10.6% national average.
- 47% of IT employees cite lack of career growth as primary reason for leaving.
- Voluntary turnover in tech hit 18% for millennials in software dev roles.
- Women represent 26% of the IT workforce, up from 24% in 2020.
- Black employees hold 7.4% of tech jobs despite 13.4% US population share.
- 51% of IT companies have DEI officer roles, but only 19% report progress.
- Average IT salary in US is $112,000, with 5% annual merit increases.
- Tech bonuses average 12.5% of base for software engineers.
- 78% of IT firms offer 401(k) matching up to 6% of salary.
- IT training spend averages $1,300 per employee annually.
- 82% of IT workers upskill via online platforms like Coursera.
- AI/ML certification demand up 40%, with 65% employer-sponsored.
Hiring tech talent is slow and competitive, requiring flexible, well-branded strategies to succeed.
Compensation and Benefits
- Average IT salary in US is $112,000, with 5% annual merit increases.
- Tech bonuses average 12.5% of base for software engineers.
- 78% of IT firms offer 401(k) matching up to 6% of salary.
- RSUs comprise 25% of total comp for senior IT roles at Big Tech.
- Health premiums cost IT employees avg $1,500/year employee share.
- 45% of IT cos provide unlimited PTO, averaging 20 days taken.
- Gender pay gap in IT at 4%, closing from 6% in 2020.
- 67% offer student loan repayment up to $5,250/year.
- Median IT comp package $165K including equity for mid-level.
- 52% of IT benefits budgets allocated to wellness perks.
- Sign-on bonuses avg $20K for cybersecurity specialists.
- 401(k) participation 89% in IT vs 68% national.
- Parental leave 16 weeks paid for 61% of Big Tech IT roles.
- 38% provide pet insurance as emerging IT perk.
- Total comp transparency demanded by 69% of IT job seekers.
- HSA contributions matched by 44% of IT employers, avg $1,000.
- 73% offer mental health days, 4 avg per year.
- Equity cliffs vest 25% at year 1 for 55% of startups.
- Commuter benefits cover 80% of transit costs for 62% IT firms.
- 29% annual raise for promotions in IT management.
- Fertility benefits cost $300M/year industry-wide.
- 56% of IT comp influenced by location premiums, SF 30% over avg.
- Sabbaticals offered after 5 years by 21% IT cos, 8 weeks paid.
- 92% provide life insurance 1x salary.
- Variable pay 15% of target for sales engineers in IT.
- 48% budget increase for perks post-pandemic in IT.
Compensation and Benefits Interpretation
Diversity and Inclusion
- Women represent 26% of the IT workforce, up from 24% in 2020.
- Black employees hold 7.4% of tech jobs despite 13.4% US population share.
- 51% of IT companies have DEI officer roles, but only 19% report progress.
- Latinx workers are 8% of IT staff, facing 15% higher promotion barriers.
- LGBTQ+ identification in tech at 11%, with 2x harassment rates.
- 35% of IT firms set gender diversity targets, achieving 28% female hires.
- Neurodiversity hiring programs in 22% of large IT cos, filling 12% unique roles.
- 41% of underrepresented minorities in IT report microaggressions weekly.
- ERGs boost retention of diverse IT talent by 21%.
- 29% of tech boards have women, up 5% YoY.
- Bias training reaches 67% of IT managers, reducing biased hires by 14%.
- AAPI employees 6% of IT, with 18% pay gap vs white peers.
- Inclusive recruiting yields 2.3x more diverse IT candidates.
- 54% of IT cos track pay equity, finding 4% unexplained gaps for women.
- Veteran hiring in tech at 1.5%, below 7% civilian labor force.
- 62% of diverse IT teams outperform on innovation metrics.
- Disability disclosure in IT hiring at 4%, with accommodations in 73% cases.
- Intersectional women (BIPOC) are 3% of tech leadership.
- DEI budgets up 12% to $2M avg in FAANG-level IT firms.
- 48% of IT employees value allyship training for inclusion.
- Supplier diversity programs engage 34% of IT procurement.
- Age diversity: 5% over 55 in IT vs 25% workforce avg.
- 71% of IT leaders link DEI to business performance.
- Blind resume reviews increase diverse IT callbacks by 26%.
- 23% of IT startups have all-white founding teams.
- Mentorship for URM in IT doubles promotion rates.
Diversity and Inclusion Interpretation
Recruitment and Hiring
- In 2023, the average time-to-hire for IT roles in the US was 44 days, compared to 36 days across all industries.
- 75% of IT hiring managers report skills gaps as the top challenge in recruiting software engineers.
- Only 28% of IT companies use AI-driven tools for resume screening, despite 60% expressing interest.
- 62% of IT firms increased employer branding budgets by 20% in 2023 to attract top tech talent.
- Campus hiring for IT roles grew by 15% YoY, with 40% of new hires from universities targeting CS programs.
- 55% of IT recruiters use LinkedIn as primary sourcing channel, generating 80% of qualified leads.
- Referral hiring accounts for 45% of IT hires, with 4x higher retention rates than job board hires.
- 70% of IT companies face candidate ghosting, with rates highest for senior developer roles at 35%.
- Diversity hiring goals met by only 22% of IT firms, targeting 30% underrepresented groups in tech roles.
- Cost-per-hire for IT positions averaged $4,200 in 2023, up 12% from 2022 due to competition.
- 48% of IT hires come from passive candidates, requiring advanced sourcing strategies.
- Video interviews adopted by 82% of IT recruiters, reducing time-to-interview by 30%.
- 65% of IT firms report offer acceptance rates below 85%, citing counteroffers as main issue.
- Gig economy workers fill 18% of short-term IT project roles, saving 25% on full-time costs.
- 52% of IT recruiters prioritize remote work flexibility in job postings to widen talent pools.
- ATS usage in IT recruiting at 92%, but only 40% customized for tech skill parsing.
- 38% increase in IT contract-to-hire conversions post-2022 layoffs.
- Employer Net Promoter Score (eNPS) for IT hiring processes averages 45, below industry 55.
- 67% of IT leaders use hackathons for talent assessment, improving hire quality by 22%.
- Sourcing from GitHub yields 3x more qualified devs than traditional boards.
- 41% of IT hires require relocation support, costing avg $7,500 per candidate.
- Mobile-optimized career sites boost IT applications by 28%.
- 76% of IT recruiters face salary transparency demands from candidates.
- Predictive analytics in IT hiring adopted by 35%, forecasting 15% better fit.
- 29% of IT roles filled via internal mobility programs.
- Chatbot screening used by 51% of IT firms, cutting admin time by 40%.
- 63% prioritize soft skills like adaptability in IT interviews.
- Background checks fail rate for IT candidates at 12%, highest for cybersecurity roles.
- 54% of IT startups use equity offers to compete on compensation.
- Virtual reality assessments trialed by 14% of large IT firms for coding tests.
Recruitment and Hiring Interpretation
Retention and Turnover
- IT industry turnover rate stands at 13.2% annually in 2023, higher than the 10.6% national average.
- 47% of IT employees cite lack of career growth as primary reason for leaving.
- Voluntary turnover in tech hit 18% for millennials in software dev roles.
- 62% of IT workers plan to job hunt within 12 months due to burnout.
- Retention bonuses implemented by 55% of IT firms, retaining 75% of recipients.
- Employee engagement scores in IT average 68/100, correlating to 21% lower turnover.
- 39% turnover reduction achieved via mentorship programs in IT.
- Remote work boosts IT retention by 25%, per hybrid policy adopters.
- 52% of departing IT staff leave for better pay, avg 15% salary increase.
- Exit interviews reveal manager relationships cause 29% of IT exits.
- Stay interviews conducted by 41% of IT HR, predicting turnover 6 months ahead.
- 71% of IT firms with strong DEI programs see 19% lower turnover.
- Average IT tenure is 2.5 years, down from 3.1 in 2019.
- Flexible hours retain 33% more IT parents post-maternity.
- Predictive turnover models used by 28% of IT cos, accurate to 82%.
- 45% of IT turnover tied to poor onboarding experiences.
- Alumni networks rehire 22% of ex-IT employees at higher rates.
- Wellness programs cut IT turnover by 14% in high-stress roles.
- 64% of ITers stay longer with transparent promotion paths.
- Regretted loss rate in IT is 16%, costing 1.5x salary per employee.
- Hybrid models retain 27% more mid-level IT managers.
- Feedback frequency correlates to 12% turnover drop in IT teams.
- 58% of IT exits due to lack of challenging work.
- Succession planning reduces key IT role vacancies by 30%.
- 49% turnover in first year for IT without buddy systems.
- Equity refreshers retain 68% of vested IT stock option holders.
- IT women turnover 20% higher than men due to bias.
- Gamification in performance mgmt lowers voluntary IT turnover by 18%.
- 37% of IT firms lost 10%+ staff to competitors in 2023.
Retention and Turnover Interpretation
Training and Development
- IT training spend averages $1,300 per employee annually.
- 82% of IT workers upskill via online platforms like Coursera.
- AI/ML certification demand up 40%, with 65% employer-sponsored.
- 57% of IT firms allocate 5% payroll to L&D budgets.
- Microlearning modules complete 3x faster in IT training.
- 71% report skills obsolescence every 2.5 years in tech roles.
- Leadership dev programs for IT managers cost $4,500 avg.
- 44% use VR for IT soft skills training, retention +75%.
- Internal academies train 30% of IT promotions.
- 68% of devs learn new langs on-the-job vs formal training.
- Diversity training ROI 24% higher productivity in IT.
- 52% IT budget for cloud certs like AWS, $500M industry total.
- Gamified learning boosts IT compliance training by 90%.
- 39% of ITers seek MBA for career advancement.
- Coaching engagements avg 6 months, 20% promo rate lift.
- 75% complete personalized learning paths in LMS.
- Cybersecurity training hours mandated 40/year per employee.
- 61% use mentorship for tech stack knowledge transfer.
- L&D ROI measured by 47%, avg 4:1 return in IT.
- Women in IT training programs increase pipeline 28%.
- Agile/Scrum certs held by 55% of IT project managers.
- 33% annual increase in GenAI training enrollments.
- Cross-functional training reduces silos by 35% in IT depts.
- 49% fund conference attendance, avg $2,000/employee.
- Skills-based promotions rise 22% with competency frameworks.
Training and Development Interpretation
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