The employment and labor market has experienced more shocks and changes in the past three years than in the previous decade.

Despite the current economic and energy crises, many technological sectors are facing a shortage of labor and skills. Despite these facts, the IT job market remains dynamic and progressive.

Increased flexibility

Flexibility takes many forms, including the ability to adapt one’s schedule, vary one’s workplace, and modularize daily tasks.

The demand for workforce flexibility requires:

  • increasing or decreasing the level of employment in companies with legal freedom
  • geographic mobility of workplaces
  • increasing or decreasing the level of wages according to specific situations
  • changes in working hours.

Workforce flexibility is regarded as one of the most significant advantages in the market. This rise in employment can be attributed to flexible pay structures and favorable conditions for employers.

Remote Work

Announcements about remote work are on the rise. While remote work offers both advantages and risks compared to traditional work settings, it’s essential to assess its appropriateness on an individual basis, considering both employer and employee needs. 

It’s not inherently better or worse, but its fit for specific tasks and roles is crucial. Ultimately, remote work should benefit both parties. Companies that exclusively offer on-site positions may find themselves at a disadvantage, as many employees now prefer the option to work from home. For remote work to succeed, a culture of trust, rather than control, is imperative in both work and management.

Salary at the heart of negotiations

With inflation and rising food prices, discussing salaries has become a key issue. This is one of the most important issues when hiring new employees. In the IT industry, companies compete for employees, so it is normal to disclose salary or at least a salary range in a job offer. This trend towards transparency of wages is visible all over the world.

Working for multiple companies

One consequence of the growth in remote work and companies’ increasing acceptance of remote workers is the rising trend of individuals working remotely for multiple employers. Concurrently, escalating living costs drive these employees to leverage the flexibility of home offices, often taking on additional tasks or even juggling two jobs simultaneously. With multiple employers, one can also work in a stationary setting, during off-hours, or on weekends.

Employee Care

While offering a higher salary is a solution for many to retain important employees, many managers believe that retention depends on better relationships with the employees. It is important to take the time to clarify the expectations of each employee and clearly define goals overall. Listening to their needs, their well-being, and involving them in decision-making are some tips for overcoming labor shortages.

Wrapping Up

Many factors affect labor market trends. Further changes in the market will be driven by increased work flexibility. The importance of benefits related to physical and mental well-being, including free time, has clearly increased. Changing work trends pose certain difficulties, but also open up many opportunities.

We can help you find top IT specialists

    Let us know what you need to schedule a call