For professionals, it is not easy to make a living in the technology industry in the recent period-some problems cannot be solved by relying on ping-pong tables and leisure corridors.
From 2021 to 2022, the number of layoffs in the technology industry has increased by 10 times, and even for those lucky enough to still work, the shadow of layoffs is always hanging over their heads. Even a company like Twitter (Twitter) is saying that the sky will change, and people will stay or stay depending on a word from the new boss. Even seemingly stable companies such as Salesforce, Amazon, and Meta are not immune to the tsunami of layoffs sweeping across the industry.
But even so, jobs in the tech world remain the coveted golden bowl. According to this year’s US News and World Report list of Best Jobs, the technology industry occupies four of the top ten positions, including web developers and IT managers, and of course the medical industry The jobs are also very popular.
In the ranking process, U.S. News conducted relevant interviews and based on indicators such as stress levels, work-life balance, median wages, unemployment rate and projected hiring from 2021 to 2023, the U.S. Data from the Bureau of Labor Statistics were analyzed.
The analysis showed that software developers generally face less stress, have a healthier work-life balance, and are better paid, with a median salary of $120,000 a year. New software developer job openings will reach 370,600 by 2031, which is also above average.
“Software developers are critical to business growth and continued success for businesses in all industries,” said Janika Ingram, career editor for U.S. News & World Report. The demand for software developers is expected to continue to be strong due to the increasing number of products and services utilizing software.
Tech talents are in high demand
Even after layoffs, hiring cancellations, and growth stagnation, many talents with software skills will not be idle for too long. After major layoffs, many companies are eager to recruit talents again.
Julia Pollack, chief economist at ZipRecruiter, told the Wall Street Journal: “Despite the massive layoffs, hiring freezes and cost-cutting in the tech industry, many tech workers are struggling. Re-employment opportunities were found quickly. They are still the most in-demand talent, have the most in-demand skills, and are the easiest to establish in the company.”
According to a ZipRecruiter survey, the vast majority of unemployed tech workers find a job within three months of their search (79%), with 37% finding a new job in less than a month.
An analysis by Revelio Labs also found that 72% of unemployed tech workers find a job within 90 days. Software engineers were especially lucky, finding a job 79 percent of the time within three months. And more than half of the laid-off technology workers have found better-paying jobs.
“So the key is ‘don’t despair,’ the job market is still hot,” Reyhan Ayas, senior economist at Revelio Labs, told Business Insider.
The medical industry is also a popular career. This year’s severe flu season has once again demonstrated what is “the eternal human need.” Nearly 40 percent of U.S. News & World Report’s Top 100 Best Jobs are in healthcare or related industries. This is not surprising since their average wages are higher than in other industries and unemployment is virtually non-existent.
Despite this, the technology world is still the most fragrant meat and potatoes. Even if someone is unhappy with their situation, there is no need to worry about their prospects. In 2023, every company will be a software company, as experts at McKinsey and BlackRock say. (Fortune Chinese website)
Translated by: Park Sung-gyu
It’s a difficult time to work in tech—there are some things ping pong tables and office arcades can’t fix.
Layoffs in the industry have increased tenfold from 2021 to 2022, creating an omnipresent threat for those lucky enough to still be in their role. And at companies like Twitter, one’s future depends on the CEO’s priorities, which could change on a dime. At more seemingly solid companies like Salesforce, Amazon, or Meta haven’t been spared the industry-wide hemorrhage of jobs.
None of that seems to be enough to knock tech work off its pedestal. According to this year’s US News and World Report list of Best Jobs, the best job in America is a software developer. Four other tech jobs, including web developer and IT manager , made the top 10, alongside a range of health-sector jobs.
In assembling its rankings, US News conducted its own interviews and analyzed data from the Bureau of Labor Statistics based on several factors, including stress level, work-life balance, median salary, unemployment rate, and projected job openings from 2021 to 203.
All this is to say that software developers are less stressed, have a healthier work-life balance, and make good money: a median $120,000 annually. By 2031, a predicted 370,600 new software developer jobs are supposed to open up—an above-average rate.
“Software developers are becoming increasingly critical for the growth and sustained success of businesses across industries,” Janica Ingram, careers editor at US News, wrote. Such workers are predicted to stay in high demand, she added, due to the rising number of products and services that leverage software.
Tech pros are a hot commodity
Between the layoffs, rescinded offers, and indefinite pauses on growth, workers with transferable software skills are rarely out of a job for long—many companies even admit to rushing to scoop up talent after big-scale layoffs.
“Despite the widespread layoffs, hiring freezes, and cost-cutting taking place in tech, many tech workers are finding reemployment remarkably quickly,” Julia Pollak, ZipRecruiter chief economist, told the Wall Street Journal. “They’re still the most sought- after workers with the most in-demand skills,” and they’re the “most likely to land on their feet.”
The vast majority of laid-off tech workers—about 79%—find work within three months of searching, per a ZipRecruiter survey. Thirty-seven percent of laid-off tech workers got a new job in less than a month.
Analysis from Revelio Labs found that 72% of laid-off tech workers were back in business within 90 days. Software engineers were especially lucky; 79% of them got a new job within that time frame. And, the analysis found, just over half of tech workers who got laid off ended up earning more in their new job.
“The key takeaway is ‘do not despair,’” Reyhan Ayas, a senior economist at Revelio Labs, told Insider. “The job market is still hot.”
It’s also hot for healthcare workers; this year’s devastating cold and flu season has reiterated what Ingram calls “the ever-present human need” them. Nearly 40% of the US News’s Top 100 Best Jobs are in either healthcare or healthcare is support, which Perhaps unsurprising, given their above-average salaries and barely-there unemployment rates.
Even so, tech workers eked their way to the top. And even if they’re unhappy where they are, they don’t need to worry about their prospects. According to experts at McKinsey and BlackRock, every company in 2023 is a software company .
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