An Empty Tech Seat: The High Cost to You

Are IT consultants your best solution to the talent shortage?

The High Cost of An Empty Tech SeatDemand for tech talent is fierce. The Twin Cities alone boast 164,500 opportunities for tech pros, and that number is projected to keep growing. Unfortunately, high competition also means that employers face high tech talent turnover. Though many have implemented retention-driven strategies and launched specific perks designed to hold onto these fleeting IT pros, reports still reveal a turnover rate of between 9.1% and 10.6% for employees in the tech industry.

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What Do Millennial IT Pros Need to Know?

The Millennial members of ESP’s team weigh in on how their own professional experiences and their recruitment interactions with Millennial IT pros have shaped their view of the Millennial generation, and provide some advice to their peers in the tech field

What Do Millennial IT Pros Need to KnowIn many ways, the challenges of a Millennial workforce have already been addressed. The internet has produced extensive myth-busting content about the Millennial generation, as well as tips to help bridge the gap between Millennials and older generations. We’ve learned that there are gaps even within the Millennial generation that can cause workplace tension, and that ultimately, Millennials are comprised of individuals with unique needs in much the same way as their predecessors’ generations were. But the question remains – why do Millennial stereotypes persist, and how can we end them for good? Perhaps the answer involves Millennials looking inward to identify the ways they are perpetuating these stereotypes, and seeking solutions that will turn the talk in their favor.

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ESP IT’s 2016 Salary Survey

As the Minneapolis IT staffing experts, ESP continues to monitor and analyze Minnesota tech hiring trends, compensation, and benefits information in order to better serve you. Our 2016 Salary Survey data comes from a variety of sources – ranging from Fortune 500 and mid-sized companies, to smaller emerging companies. We compared our numbers, using actual salaries from our recent placements and market observations from our recruitment team, with those on Dice and other national resources. If you have any questions or comments about our 2016 Salary Survey, please feel free to contact us.

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ESP IT’s 2015 Salary Survey

With over forty-five years of IT staffing expertise, ESP continues to monitor and analyze hiring trends, including compensation and benefits in this rapidly changing economy. Our annual salary survey presents data compiled from ESP’s recent placements, as well as national and local research. We monitor and analyze hiring trends, including compensation and benefits in order to best serve you. Should you have any questions or comments about our 2015 Salary Survey, please feel free to contact us.

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ESP’s 2014 Salary Survey: an IT Pro’s Market

Projected IT Salary Trends for Minnesota IT Professionals

2014 Salary Survey letterOur 2014 Salary Survey projects average salary increases of 5.3% for professional IT staff, 4.8% for Managers, and 2% for IT Executives, as compared with our 2013 Salary Survey. The highest salary increases are expected to be in the areas of Data/Database Administration (9.5%), Software Development (8.7%), and Security (7.7%).

National Surveys report that 66% of employers are providing motivators to retain talent, but only 57% of IT professionals feel satisfied with their current salaries, and 65% of IT professionals feel confident they will be able to acquire a new and better position in 2014.

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