Ringing in the New Year calls for reflections, resolutions and a road map for the year to come. 2021 marked the beginning of a radical workforce transformation, which will only continue to accelerate in 2022.
In the last 6 months, well over 20 million people quit their jobs in what experts dubbed “The Great Resignation.” Some retired early, many pivoted into other industries, and others became their own bosses. With soaring quit-rates and a higher demand for talent, a new work dynamic is forming; one where the employee holds the power. Companies need to ensure that they stay competitive in this new environment.
Employees are no longer satisfied with traditional workplace perks–they want benefits that will actually improve their quality of life. Benefits like healthcare, education, childcare, transportation subsidies and flexible schedules are rising in importance. Many young parents–women in particular–left the workforce to take care of their children. Companies must consider how they’re going to bring them back, especially since women were affected by remote work disproportionately.
Since location is no longer a barrier with remote work, employers should tap into areas with a wealth of great talent. For example, a Silicon Valley based company can hire someone who lives in Pittsburgh, which remains a top city for remote software engineer hiring. Plus, giving employees remote options will allow them to have more flexibility with their families, commutes, Covid concerns, and more. That’s why jobs specified as “remote” receive 300% more applicants than jobs that are not, according to ZipRecruiter.
Read more about accessing talent, navigating the Great Resignation, and fulfilling 2022 resolutions in this edition of The Mid-Point.
Inside this issue
- How the Great Resignation is Turning into the Great Reshuffle
- Talent Firm Flags Best US Cities for Hiring Remote Tech Workers
- How to Find and Hire the Best Tech Talent in 2022
- Resources for Reaching Your Goals in 2022
The Great Resignation of the past year appears to still be in full swing: according to the Bureau of Labor Statistics, nearly 3% of the US workforce resigned in October, following a record-high in September. Opportunities opened up by remote work mean millions of workers can now access thousands of new roles previously geographically off-limits. Workers aren’t just leaving the workforce; millions of people are shifting into new industries and careers that offer higher wages or align more with their values. “People are finding jobs that give them the right pay, benefits and work arrangements in the longer term.” Read more.
As more organizations consider making the shift to remote work permanent, many engineering leaders are turning to remote developer hiring as a core growth strategy for the next few years. Based on the percentage of candidates that passed the technical interviews, the top city for hiring remote workers was Pittsburgh, followed by Houston, Denver, Los Angeles, Atlanta, Austin, San Diego, Boston, Dallas and Chicago. Pittsburgh has a great pipeline for engineers with two universities — Carnegie Mellon and the University of Pittsburgh — with computer science programs in the top 50 in the United States. Read more.
Remote work has opened up a lot of options for employers to just find the best talent and also to open it up to a more diverse set of candidates. Research from Tufts University highlighted six states—Georgia, Texas, Delaware, Virginia, Connecticut, and Maryland—that are the most promising places to recruit tech workers based on three criteria: the presence of Black, Latinx, and female STEM graduates; cost of living; and digital infrastructure. Separately, a report identified relevant tech talent markets where the average San Francisco–based salary goes furthest when adjusted for the city’s cost of living. Read More.
Resources to Help You Reach Your Goals in 2022
💼 Excel your career: 2022’s Best Cities for Jobs
👪 Raise a family: Utah ranks atop for best place to raise a family
💰 Cut back spending: 15 Cheapest Places To Live In America (With The Best Weather)
💡 Finally launch your business idea: The Chicago model: Building a global innovation powerhouse in America’s heartland