06Jun

In seven years, Deepinder Singh, founder of Minnesota startup 75F, never got a resume from someone working at a large tech company. He didn’t even bother to recruit in Silicon Valley.

But since May, he’s received more than a dozen from tech professionals on both coasts.

“The remote-work era ushered in by the coronavirus pandemic is upending not only where tech workers want to live and how much money they can make, but also what kinds of opportunities they are willing to consider,” says The Wall Street Journal.

We noted in a blog post in September that a significant percentage of tech talent living in large tech centers were giving thought to relocating to less expensive areas. A survey found large numbers, particularly in the San Francisco Bay Area, were “concerned” or “very concerned” about losing their job.

The Journal says these workers are now acting on those relocation thoughts. The article quotes Guy Berger, principal economist at LinkedIn, saying, “These companies (outside tech centers) are on a hiring spree.” The pandemic “has really given entrepreneurship and these small enterprises a kick in the butt to really ramp up.”

This presents a unique opportunity for smaller companies and those businesses and organizations in need of tech talent to recruit top people. Almost daily Green Key recruiters hear from skilled, experienced tech professionals looking to move to less expensive areas. They are willing to trade salary for a better lifestyle.

Podium, an 800-person Utah startup, hired six senior-level people from San Francisco in the last six months, while receiving some 600 applications from the Bay Area, two to three times the typical number.

Notes the Journal, “While it isn’t uncommon for startups to lure employees away from larger companies through the potential for growth and wealth, those startups typically haven’t been hundreds of miles away.”

And it’s not just IT professionals looking to make a move. One candidate who opted to move from Silicon Valley to a job with a Lexington, Ky. startup that builds indoor farms took a $100,000 salary cut.

“It might appear that my net pay is less, but my buying power and quality of life is unparalleled,” said Marcella Butler, the new chief people officer at AppHarvest. “There is a richness to life [here] that I did not find there.”

If you’re ready to fill those open tech jobs — or hire other top pros like Marcella Butler — give us a call here at Green Key Resources – 212.683.1988.

Photo by Marvin Meyer on Unsplash

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Tech Unemployment Down. Hiring Demand Up

Tech hiring is up. Tech job postings are on the upswing. And at 2.4% tech unemployment is well below the national average.

This trifecta of demand and availability is making tech hiring ever more challenging as employers begin to fill positions they’ve left vacant during the last year.

“Even though tech employment held up reasonably well during the turbulence of the past 12 months, many employers were in a wait-and-see hiring mode,” said Tim Herbert, EVP for research and market intelligence at CompTIA. “With the three recent months of tech employment gains we’re likely seeing that pent-up demand translate to new hires.”

According to an analysis by the trade group CompTIA, IT occupations nationwide expanded by 178,000 jobs in February, while job postings for open IT positions surpassed 277,000, a 12-month high.

Tech job postings - blog.jpg

On a month-over-month basis, the biggest increases in IT job postings were in California, Illinois, Washington, North Carolina and Texas. The metro areas with the biggest gains were Chicago, San Francisco, New York, Washington, D.C. and San Jose.

Positions for software and application developers accounted for the largest share of the openings (88,600) followed by systems engineers and architects (22,700), IT support specialists (22,000), web developers (18,000) and IT project managers (17,400).

Like nearly every other part of the economy, tech jobs took a hit during the height of the pandemic as employers canceled or postponed projects and expansion. Unemployment among tech professionals at one point in the last year approached 5%, a high not seen since the Great Recession in 2010. Since hitting that high in June, unemployment declined sharply to February’s 2.4%. It is expected to be even lower when the March report comes out next month.

If you’re having trouble filling tech jobs, give us a call here at Green Key Resources. Our recruiters know where to find the best tech talent and can help you fill those hard-to-fill jobs quickly. Call us at (212) 683-1988.

Photo by Marvin Meyer on Unsplash

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CIO or CTO? Does it Matter?

What’s the difference between a CTO and a CIO?

“Good question,” admits ZDNet. Where once the Chief Information Officer was universally acknowledged as the most senior IT executive, now, says the tech site, it “depends very much on the type of business you’re talking about.”

Where a business has only a CIO or a Chief Technical Officer, it’s an easy call – that’s the top IT executive. The duties and responsibilities are clear. Where the situation gets murky is when an organization has both.

Explains ZDNet, “The traditional split is that the CTO is responsible for the operational concerns associated with technology implementation. CTOs drill down into the details of technology. They have a strong systems focus and they know how technology works, making it more of a chief architect role.

“CIOs, on the other hand, tend to focus more on engaging with the business. So while the CTO might go and speak with vendors to source technology, the CIO makes sure the internal business gets the secure and governable systems and services it wants.”

Everyone got that? No? How about this from InsiderPro:

“CTOs are similar to CIOs. But they are responsible for the overarching technology strategy and infrastructure to help meet the organization’s goals, while CIOs oversee the IT departments and staff to manage everyday operations and in many cases work with business leaders on aligning IT with business goals.”

Where both roles exist, InsiderPro says “the CTO usually reports directly to the CIO.”

But wait. Pointing out that “As the importance of technology within the business has risen, so has the demand for knowledgeable technologists,” ZDNet says, “Some businesses – including established enterprises – have opted to rely more on a CTO than a CIO.”

Dig a little further and you’ll find that the hierarchical distinction is becoming less important as the bigger businesses move ever further along the path to digital transformation. Bornfight, a project-focused development firm, has a different take on the relationship between chief technology and chief information officers. It defines the jobs this way:

  • “Chief Information Officers are members of the executive team who are responsible for ensuring that a company leverages technology in a way that helps it optimize, improve and streamline internal processes.”
  • “Chief Technology Officers are members of the executive team who are responsible for ensuring that a company’s product utilizes technology in a way that will meet the customers’ needs.”
  • The company included this handy chart comparing the roles.CTO vs. CIO - blog.jpg

Bornfight’s most significant contribution to the discussion may well be that in organizations large enough to need both, CIOs and CTOs are complementary to each other.

“From a business perspective, you need these two positions and you need them to fit well together and cooperate — this leads to progress. The right way to approach this is to look at these positions as two sides of the same technology coin, a sort of a buddy-buddy relationship.”   

Photo by ThisisEngineering RAEng on Unsplash

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