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“The employer … was out of the table, paid [salaries] Probably too high or out of range, companies can hire four or five people when they only need two, ”said Bill Macharge, founder of San Francisco-based Talent House Employment.
They don’t hire more people, they are more careful, the interview process takes more time; [compensation] Macharge works primarily with beginners.
“I think it’s back to some concrete numbers,” he said, adding that the current decline would return to pre-epidemic stages. “I thought the correction was going to happen. It had to happen. Now we don’t know how long it will last.”
For some tech workers, this can be a blow – not just how easy it is to get a high-paying job, but also how much they benefit with management by pushing conditions for certain workplaces.
Senior engineers with experience in major technology companies may still dominate the labor market, but the decline may ensure that technology workers get what they want, whether office benefits are in place before or during a pandemic. In the event of a pandemic, corporate executives have the right to work wherever they wish.
Now, the billionaire executives of some of the world’s largest technology companies have had to hire or send out their employees – perhaps to take a more aggressive approach.
However, Y-Vonne Hutchinson, co-founder of the organization, said the rise in labor unrest and the willingness of their employees to defend their interests – including their level of comfort – could not be reversed overnight. Inclusion Consulting Organization ReadySet.
“The demand for technology and knowledge workers is still global, and there is still a shortage,” Hachinson said. “So I don’t think workers who don’t want to go back to that area will go.”
In fact, the decline in the technology industry could have far-reaching implications for technology workers fighting for the right to work remotely, according to Nicholas Bloom, a professor of economics at Stanford University.
“For some industries, such as banking, the recession gives more power to management to force their workers to return to office. Tech seems to be going the other way,” he said. “Most technology companies are currently providing what they need to their employees, which is in the office two days a week.”
But long-distance work can be a double-edged sword for many American technology workers, especially in places like Silicon Valley, so companies can use it to reduce costs further.
“As we enter the recession, technology companies are tightening their belts by reducing office space and hiring cheaper workers outside the big cities,” Bloom said, noting that countries such as India and Mexico are destined for foreign investment.
Harley Lippman, CEO of Genesis 10 Technology, says that when a trend starts, it is more likely to hire contractors than permanent employees because of the convenience of companies. “Work still needs to be completed,” he said.
In the end, no matter what, it is clear that technology professionals need to work hard to find significant course correction in their industry.
“We’ve seen candidates take offers and not in the new company. That’s what happened,” Macharg said. “I don’t think we see that kind of thing.”
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