Key Takeaways
- 68% of TMT firms struggle with tech talent shortages in 2023.
- Average time-to-hire for software engineers in TMT is 42 days.
- 55% of TMT recruiters use AI tools for sourcing candidates.
- 12% annual turnover rate in TMT sector.
- 45% of TMT employees cite career growth as retention factor.
- Voluntary turnover in TMT tech roles is 15.2%.
- Women hold 26% of TMT leadership roles in 2023.
- Ethnic minorities represent 22% of TMT workforce.
- 45% of TMT companies have DEI goals in hiring.
- TMT average salary is $128,000.
- Tech roles in TMT pay 20% above average.
- 75% of TMT employees receive annual bonuses.
- 85% of TMT employees get learning stipends of $2,000/year.
- 92% of TMT firms invest in upskilling programs.
- Average training spend per TMT employee: $1,300.
Hiring and retention challenges persist in TMT despite widespread AI adoption and training investment.
Compensation & Benefits
- TMT average salary is $128,000.
- Tech roles in TMT pay 20% above average.
- 75% of TMT employees receive annual bonuses.
- Average TMT benefits cost 30% of salary.
- Stock options offered to 60% of TMT staff.
- TMT CEO pay averages $15.2 million.
- 40% of TMT firms offer 4+ weeks PTO.
- Health benefits coverage 95% in TMT.
- 55% participate in 401(k) matching in TMT.
- Base salary growth 5.2% in TMT 2023.
- Remote work stipend averages $800/month in TMT.
- Gender pay parity achieved in 62% of TMT roles.
- Total rewards packages up 7% YoY in TMT.
- 68% of TMT have wellness programs valued at $1,200/emp.
- Engineer salaries in TMT: $145,000 median.
- 45% offer unlimited PTO in TMT startups.
- Pension plans in 25% of TMT companies.
- Bonus payout averages 110% of target in TMT.
- 72% satisfaction with comp in TMT.
Compensation & Benefits Interpretation
Diversity & Inclusion
- Women hold 26% of TMT leadership roles in 2023.
- Ethnic minorities represent 22% of TMT workforce.
- 45% of TMT companies have DEI goals in hiring.
- Gender pay gap in TMT is 18%.
- 35% increase in women in STEM roles in TMT since 2018.
- 28% of TMT boards have diverse representation.
- BAME employees in TMT UK: 14%.
- DEI training completed by 78% of TMT staff.
- 52% of TMT firms track pay equity annually.
- Neurodiversity hiring initiatives in 40% of TMT companies.
- Women in TMT executive roles: 23%.
- 60% of TMT DEI budgets increased in 2023.
- Inclusion index in TMT averages 75/100.
- 31% Black/Hispanic in entry-level TMT, drops to 7% exec.
- Employee resource groups in 85% of TMT firms.
- Gender diversity correlates with 15% higher profits in TMT.
- 44% of TMT hires are underrepresented minorities.
Diversity & Inclusion Interpretation
Recruitment Trends
- 68% of TMT firms struggle with tech talent shortages in 2023.
- Average time-to-hire for software engineers in TMT is 42 days.
- 55% of TMT recruiters use AI tools for sourcing candidates.
- 72% of TMT companies increased campus hiring in 2022.
- Entry-level hiring in TMT grew by 15% YoY in 2023.
- 40% of TMT roles require hybrid work preferences in hiring.
- TMT sector saw 25% rise in contract hiring post-pandemic.
- 61% of TMT HR leaders prioritize skills-based hiring.
- Diversity hiring goals met by only 35% of TMT firms.
- Remote hiring tools adopted by 80% of TMT companies.
- TMT average offer acceptance rate is 82%.
- 50% increase in TMT data scientist job postings in 2023.
- 45% of TMT hires come from employee referrals.
- Gig economy workers fill 20% of TMT project roles.
- 70% of TMT firms use LinkedIn for 70% of sourcing.
- Hiring costs per TMT employee average $4,200.
- 58% of TMT roles unfilled due to skill gaps.
- Women represent 28% of new TMT tech hires.
- TMT intern conversion rate to full-time is 65%.
- 33% of TMT hiring managers use VR interviews.
Recruitment Trends Interpretation
Talent Retention
- 12% annual turnover rate in TMT sector.
- 45% of TMT employees cite career growth as retention factor.
- Voluntary turnover in TMT tech roles is 15.2%.
- 60% of TMT firms offer retention bonuses.
- Employee tenure in TMT averages 2.8 years.
- 52% retention rate improvement with flexible work in TMT.
- High-performer turnover costs TMT 200% of salary.
- 70% of TMT exits due to lack of development opportunities.
- TMT retention boosted 25% by mentorship programs.
- 38% of TMT millennials plan to leave within a year.
- Exit interviews show 55% dissatisfaction with managers in TMT.
- TMT firms with high engagement have 21% lower turnover.
- 65% of TMT employees stay for competitive pay.
- Regretted loss turnover in TMT is 9%.
- Hybrid models reduce TMT turnover by 17%.
- 42% of TMT turnover linked to burnout.
- Retention incentives used by 75% of TMT leaders.
- Average TMT employee loyalty is 3.2 years.
- 50% turnover drop with DEI initiatives in TMT.
Talent Retention Interpretation
Training & Development
- 85% of TMT employees get learning stipends of $2,000/year.
- 92% of TMT firms invest in upskilling programs.
- Average training spend per TMT employee: $1,300.
- 65% participate in leadership development in TMT.
- AI skills training for 70% of TMT workforce.
- 55% ROI on TMT training investments.
- Microlearning adopted by 80% of TMT companies.
- 40 hours annual training per TMT employee.
- 75% use online platforms for TMT development.
- Skills gap addressed by training in 68% of TMT roles.
- Mentorship programs cover 60% of TMT staff.
- 50% increase in certifications post-training in TMT.
- VR training used by 25% of TMT for soft skills.
- 82% report career advancement via training.
- TMT L&D budgets up 12% in 2023.
- 70% of TMT leaders prioritize digital skills training.
- Gamification in training boosts retention 90% in TMT.
- 45% of TMT training is manager-led.
- Cross-functional training in 55% of TMT firms.
- 95% compliance training completion in TMT.
Training & Development Interpretation
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