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DICE REPORTS EXPECTED INCREASE IN JOB SEEKERS IN 2023

With 52% of technologists surveyed open to changing employers in the next year,
companies seeking skilled tech talent could fare better — if they offer the
right benefits.

November 15, 2022 07:20 AM Eastern Standard Time

CENTENNIAL, Colo.--(BUSINESS WIRE)--Amid concerns of a coming recession continue
to build, the demand for technologists remains strong: Tech unemployment was at
2.2% in October 2022, according to CompTIA. Given the widespread need for tech
expertise in data science, cloud computing and advanced programming languages,
52% of technologists surveyed by career marketplace Dice (a DHI Group, Inc.
brand; NYSE: DHX) may feel comfortable enough about their skills and market
prospects that they are likely to change employers in the next 12 months (up
from 44% a year ago).

This data suggests CIOs and CTOs could face a tech talent flight in 2023, and
that means there is a significant opportunity for companies to attract more job
candidates given the likelihood for a larger-than-average applicant pool. In its
annual Tech Sentiment report, Dice took input from technologists, HR
professionals and technology business leaders to provide the clearest picture of
sentiment on tech hiring, job satisfaction and more across multiple industries.

Dice outlines several key trends and takeaways to empower company leadership, HR
professionals and hiring managers as they build out 2023 tech talent acquisition
and retention strategies.

“Technologists have strong opinions on their working environments and continued
high demand for tech talent is giving them opportunities to choose the
workplaces that best fit their needs,” said Art Zeile, CEO of Dice. “In just two
years, the willingness to change employers has risen roughly 63 percent. From
our research, this is likely a combination of increased salary opportunities, a
desire for better work-life balance and remote work, and the increased
importance of company reputation. More than ever, employers need to understand
what matters to technologists when it comes to where, when and how they work so
they can create and sustain environments where they can thrive.”

Salary and Merit Increases

Technologists know they’re highly sought after, and they’re learning more skills
than ever to increase their value at organizations and maximize their
compensation packages. While the job market for new hires is rewarding these
skills and competing to attract talent, organizations aren’t necessarily keeping
pace when it comes to their current employees’ salaries. In the Tech Sentiment
Report, Dice research shows technologists received an average merit increase of
only 4.8% this year versus an expected merit increase of 5.2%.

With inflation remaining a top concern for employees and demand for
technologists staying strong, workers have clear incentives to consider other
work opportunities and leverage their skills for increased pay. Companies
looking to retain talent should keep a close eye on competitive pay and ensure
their salaries are comparable with industry-wide salary bands.

Work-Life Balance and the Future of the Workplace

Remote work — once seen by many as a temporary solution for office workers
during the COVID-19 pandemic — has remained stickier than most leaders expected.
In the surveys, Dice found that approximately 70% of employers are planning for
a hybrid future; however, only 30% of technologists indicated a preference for
hybrid work. In fact, 60% of technologists surveyed ranked fully remote work as
their most desired workplace setting — up from 53% in 2021.

Additionally, Dice found that the option for remote work in technology
professionals’ next role was equally important across all age groups; nearly 90%
of all respondents reported that remote work was somewhat, very or extremely
important.

When looking at this data, it’s clear that organizations should be wary of
rushing back into the office and risking the loss of valuable tech talent in the
process.

Brand, Reputation and Culture

In the age of online conversation, reputation for individuals and entities has
become more important than ever before. With the tech job market so competitive
for companies seeking talent, technologists are becoming more discerning in how
they view a company’s culture, reputation and brand.

Dice found that nearly 90% of technologists feel an employer’s brand is
important when considering a new employer, and nearly 80% said they would not
apply for a higher-paying job at a company with a bad reputation. This is a
trend that has been steadily building for years, and it’s important for
leadership to take brand reputation and culture seriously to draw and keep their
tech talent.

Find more data and analysis from this year’s survey in the 2022 Dice Tech
Sentiment Report.

Methodology

Dice conducted two specific online surveys to support the insights presented in
the 2022 Dice Tech Sentiment Report:

 * Q3 2022 Technologist Sentiment Survey: Conducted July 8–29, 2022. The survey
   generated 950 qualified responses from fully employed technologists residing
   in the U.S.
 * Q3 2022 Employer Sentiment Survey: Conducted September 28–October 5, 2022,
   and generated 350 qualified responses from Human Resources professionals from
   direct hire organizations that recruit and employ tech talent.

Where applicable, results from these two surveys will be compared to these
additional first-party data sets:

 * Q4 2021 Salary Survey: Conducted August 10–October 10, 2021. Generated 6,226
   responses.
 * Q2 2021 Technologist Sentiment Survey: Conducted April 16–23, 2021. Generated
   1,033 responses.
 * Q4 2020 Salary Survey: Conducted September 26–December 6, 2020. Generated
   7,746 responses.
 * Q2 2020 Technologist Sentiment Survey: Conducted April 17–June 26, 2020.
   Generated 771 responses.

About Dice

Dice is a leading tech career hub connecting employers with skilled technology
professionals and providing tech professionals with career opportunities, data,
insights and advice. Established in 1990, Dice began as one of the first career
sites and today provides a comprehensive suite of recruiting solutions,
empowering companies and recruiters to make informed hiring decisions. Dice
serves multiple markets throughout North America. Dice is a DHI Group, Inc.
(NYSE:DHX) brand.

About DHI Group, Inc.

DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career marketplaces that
focus on technology roles. DHI’s two brands, Dice and ClearanceJobs, enable
recruiters and hiring managers to efficiently search for and connect with highly
skilled technologists based on the skills requested. The Company’s patented
algorithms manage over 100,000 unique technology skills. Additionally, our
marketplaces allow technology professionals to find their ideal next career
opportunity, with relevant advice and personalized insights. Learn more at
www.dhigroupinc.com.


CONTACTS

Mari Shirley
dicemedia@dice.com
(303) 267-4602 x664602


DHI GROUP, INC.

NYSE:DHX


RELEASE SUMMARY

Tech career hub Dice finds that 52% of technologists may feel confident enough
in their skills and employer demand to change jobs in the next year.




MORE NEWS

 * November 02, 2022
   DHI Group's Third Quarter Total Revenue Increases 25% Year-Over-Year as
   Bookings Increase 19% Year-Over-Year
 * October 13, 2022
   DHI Group, Inc. to Report Third Quarter 2022 Financial Results on November 2,
   2022
 * October 12, 2022
   ClearanceJobs Connect 2022 Brings Together Talent Acquisition and HR
   Professionals in the National Security Space


CONTACTS

Mari Shirley
dicemedia@dice.com
(303) 267-4602 x664602




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