Picture this: you're in one of the world's most dynamic industries, but 68% of your peers are locked in a frantic struggle for tech talent, a battle that underscores the urgent need for a human-centric revolution in how we hire, develop, and retain the brilliant minds shaping our digital future.
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
1TMT average salary is $128,000.
Verified2Tech roles in TMT pay 20% above average.
Verified375% of TMT employees receive annual bonuses.
Verified4Average TMT benefits cost 30% of salary.
Directional5Stock options offered to 60% of TMT staff.
Single source6TMT CEO pay averages $15.2 million.
Verified740% of TMT firms offer 4+ weeks PTO.
Verified8Health benefits coverage 95% in TMT.
Verified955% participate in 401(k) matching in TMT.
Directional10Base salary growth 5.2% in TMT 2023.
Single source11Remote work stipend averages $800/month in TMT.
Verified12Gender pay parity achieved in 62% of TMT roles.
Verified13Total rewards packages up 7% YoY in TMT.
Verified1468% of TMT have wellness programs valued at $1,200/emp.
Directional15Engineer salaries in TMT: $145,000 median.
Single source1645% offer unlimited PTO in TMT startups.
Verified17Pension plans in 25% of TMT companies.
Verified18Bonus payout averages 110% of target in TMT.
Verified1972% satisfaction with comp in TMT.
DirectionalCompensation & Benefits Interpretation
While the average TMT employee enjoys a substantial salary, generous benefits, and hopes for a good bonus, they are acutely aware that the CEO's annual pay could fund the entire floor's payroll, remote work stipends, and wellness programs for a year, with enough left over for a very nice company picnic.
Diversity & Inclusion
1Women hold 26% of TMT leadership roles in 2023.
Verified2Ethnic minorities represent 22% of TMT workforce.
Verified345% of TMT companies have DEI goals in hiring.
Verified4Gender pay gap in TMT is 18%.
Directional535% increase in women in STEM roles in TMT since 2018.
Single source628% of TMT boards have diverse representation.
Verified7BAME employees in TMT UK: 14%.
Verified8DEI training completed by 78% of TMT staff.
Verified952% of TMT firms track pay equity annually.
Directional10Neurodiversity hiring initiatives in 40% of TMT companies.
Single source11Women in TMT executive roles: 23%.
Verified1260% of TMT DEI budgets increased in 2023.
Verified13Inclusion index in TMT averages 75/100.
Verified1431% Black/Hispanic in entry-level TMT, drops to 7% exec.
Directional15Employee resource groups in 85% of TMT firms.
Single source16Gender diversity correlates with 15% higher profits in TMT.
Verified1744% of TMT hires are underrepresented minorities.
VerifiedDiversity & Inclusion Interpretation
The TMT industry is proudly touting its DEI progress with one hand while the other is still clutching a dusty old playbook, as the numbers reveal a landscape of ambitious initiatives stubbornly contradicted by persistent pay gaps, leaky pipelines, and a leadership suite that still doesn't reflect the world it serves.
Recruitment Trends
168% of TMT firms struggle with tech talent shortages in 2023.
Verified2Average time-to-hire for software engineers in TMT is 42 days.
Verified355% of TMT recruiters use AI tools for sourcing candidates.
Verified472% of TMT companies increased campus hiring in 2022.
Directional5Entry-level hiring in TMT grew by 15% YoY in 2023.
Single source640% of TMT roles require hybrid work preferences in hiring.
Verified7TMT sector saw 25% rise in contract hiring post-pandemic.
Verified861% of TMT HR leaders prioritize skills-based hiring.
Verified9Diversity hiring goals met by only 35% of TMT firms.
Directional10Remote hiring tools adopted by 80% of TMT companies.
Single source11TMT average offer acceptance rate is 82%.
Verified1250% increase in TMT data scientist job postings in 2023.
Verified1345% of TMT hires come from employee referrals.
Verified14Gig economy workers fill 20% of TMT project roles.
Directional1570% of TMT firms use LinkedIn for 70% of sourcing.
Single source16Hiring costs per TMT employee average $4,200.
Verified1758% of TMT roles unfilled due to skill gaps.
Verified18Women represent 28% of new TMT tech hires.
Verified19TMT intern conversion rate to full-time is 65%.
Directional2033% of TMT hiring managers use VR interviews.
Single sourceRecruitment Trends Interpretation
TMT HR is frantically playing a game of talent whack-a-mole, throwing AI, campus recruits, and contract workers at the gaps, but they're still getting stung by a lack of skills, stubborn diversity numbers, and the universal struggle to make a job offer to someone who doesn't already work for your employee's cousin.
Talent Retention
112% annual turnover rate in TMT sector.
Verified245% of TMT employees cite career growth as retention factor.
Verified3Voluntary turnover in TMT tech roles is 15.2%.
Verified460% of TMT firms offer retention bonuses.
Directional5Employee tenure in TMT averages 2.8 years.
Single source652% retention rate improvement with flexible work in TMT.
Verified7High-performer turnover costs TMT 200% of salary.
Verified870% of TMT exits due to lack of development opportunities.
Verified9TMT retention boosted 25% by mentorship programs.
Directional1038% of TMT millennials plan to leave within a year.
Single source11Exit interviews show 55% dissatisfaction with managers in TMT.
Verified12TMT firms with high engagement have 21% lower turnover.
Verified1365% of TMT employees stay for competitive pay.
Verified14Regretted loss turnover in TMT is 9%.
Directional15Hybrid models reduce TMT turnover by 17%.
Single source1642% of TMT turnover linked to burnout.
Verified17Retention incentives used by 75% of TMT leaders.
Verified18Average TMT employee loyalty is 3.2 years.
Verified1950% turnover drop with DEI initiatives in TMT.
DirectionalTalent Retention Interpretation
While the TMT industry frantically dangles retention bonuses and flexible work to keep employees from fleeing, the core issue remains a painfully simple equation: people will happily trade a premium paycheck for a manager who doesn't drive them to burnout and a clear path to grow beyond their current role.
Training & Development
185% of TMT employees get learning stipends of $2,000/year.
Verified292% of TMT firms invest in upskilling programs.
Verified3Average training spend per TMT employee: $1,300.
Verified465% participate in leadership development in TMT.
Directional5AI skills training for 70% of TMT workforce.
Single source655% ROI on TMT training investments.
Verified7Microlearning adopted by 80% of TMT companies.
Verified840 hours annual training per TMT employee.
Verified975% use online platforms for TMT development.
Directional10Skills gap addressed by training in 68% of TMT roles.
Single source11Mentorship programs cover 60% of TMT staff.
Verified1250% increase in certifications post-training in TMT.
Verified13VR training used by 25% of TMT for soft skills.
Verified1482% report career advancement via training.
Directional15TMT L&D budgets up 12% in 2023.
Single source1670% of TMT leaders prioritize digital skills training.
Verified17Gamification in training boosts retention 90% in TMT.
Verified1845% of TMT training is manager-led.
Verified19Cross-functional training in 55% of TMT firms.
Directional2095% compliance training completion in TMT.
Single sourceTraining & Development Interpretation
TMT companies are aggressively upskilling their workforce, pouring significant money into structured programs with clear returns, to future-proof their business and outmaneuver the relentless pace of technological change.
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