While the market conditions are improving, in our opinion, the pendulum of "client market" Vs. "candidate market" to stay evenly balanced. While Dot Com days were "candidate market" and recent recession between 2008-2011 was a "client market", last few years have been better for job seekers, positioning the IT job market to a more balanced state.
Based on data we have seen, flow of job openings and conversations with our numerous clients, it appears that 2014 will see a slight increase in hiring for IT jobs in the Northeast US.
So what does that mean for you?
Consultants / Job Seekers
- Number of available jobs should grow. January is typically a 'planning' time where clients are creating project plans and budgets. This begins to translate to actual job openings beginning in February.
- Rates / salaries for 'commodity' skills sets are expected to remain flat, compared to 2013. Certain 'non commodity' skill sets may see slight increase.
- Selection of available candidates will go down.
- Time that candidates will stay available on market will reduce.
- Cost of hiring / salaries / consulting rates will be flat to modestly higher