The number of advertised IT Jobs Dropped Year-On-Year in 2024, according to research by the recruitment and Employment federation (Rec).
Figures from Rec Saw a Drop in Postings Across Most Tech Roles, Showing a Return to Pre-Pandemic Hiring Levels.
Rec isn't the only firm noticing these changes, with matt monette, country lead at deel, seeing similar patterns.
“After Years of Aggressive Tech Hiring, Widespread Layoffs Over the Past TWO Years Have Made Companies More Cautious About Rebuilding Headcount, Leading to A Deccles In Job Postings Force ID.
“That said, [Deel’s] Data Shows a Growing Demand for Specialist Professional Services Roles. For example, we saw a 74% increase in hiring of accountants globally, sugging businesses
The tech hiring landscape has seen peaks and troughs over the past five years – during the Pandemic, Demand for it professionals rose As the World Turned to Technology to Complete Everyday Tasks from Home Due to Global Lockdowns, Followed by The “Great Resignation”, where swats of tech works left their jobs Looking for New Opportunities Both in and outside the sector.
Thought Rec Figures Sugged a Drop Off in this uptick in Demand for Tech Professionals, Interest in Tech Talent is Still High, as Rapid Development and Adoption of Technology Force FORCES BUSESSS BUSESS H the Necessary Digital Capabilitys Required in the Modern World.
Rec's research, which partners with labour market data and analytics firm lightcast to collate data from Thousands of Job Board Sites, Found Most Most It Professions Had at Least A 40% Year-ordered Oles in 2024, with posts for roles in IT User Support Technicians Suffering The Larget Drop, at 47.1%.
Demand for itworking professionals declined by 40.7% in 2024, from 60,967 advertised jobs in 2023 to 36,172 last year, and advertisements for managments for Consultant/Busines Analysts and Busines Analysts Rop of almost 42% in the same period.
While Programmers and Software Developers Are Some of the Most Sought-After Talent in the Tech Sector, with 192,261 Advertised Roles in 2024, this was still a 44.8% year-on-on 34. 446 postings the previous year.
There are many reasons why these declines in advertised Jobs May Be Taking Place – a Lack of Skilled Workers to Fill Tech Roles Has Made hiring the available tech talent more competitiveThis has created a trend towards Training talent internal To ensure access to workers with the right skills.
Budget concerns as a result of the unpredent Economic Climate Have also Had Many Employers Dialling Back on Tech Projects, in Turn Leaving Workers worked about redundancies and businesses putting hiring on pause,
But Rec Chief Executive Neil Carberry Claimed The Hiring Landscape in the Tech Sector Will Bounce Back Once The Economy Begins to Recover and Investment in Technologies Such as Artificial Intelligial Intelligence.
“It was a particular Difential Year for it professionals looking for new jobs – a complete reverse of demand during and just after the Pandemic, which was very high,” He Said. “These roles will bounce backs all as companies invest in it transformation during an economy recoverry.”