Today's Hiring Market
People often ask, "How's the hiring market these days?" Generally speaking, the question receives a good-news answer, especially in the area I specialize in, technology recruitment and hiring. The technology market really is "really hot" right now. But a truly accurate answer to the hiring-market question merits a little deeper exploration.
Let's start with a little hiring-market history:
The Boom/Bust
The Web's Golden Age (ca. 1995-1999): Everyone with a web-related business idea gets multi-million funding, easy, and kids with brand-new computer science degrees make six-figure starting salaries.
Artificial Demand (ca. 2000-2001): Things get tighter. The perceived demand for information technology has clearly outstripped reality. There is still activity in the market, but there is a real sense that the gold rush is starting to cool down.
The Infamous Bust (ca: 2001-2002): Sped by the horrible events on September 11th 2001, the technology bubble bursts and everyone decides that technology is a venture no longer worth the investment.
The Doldrums, part 1 (ca. 2001-2005)
We're all worried about investment in technology because we all got screwed with "we" marked not only by billionaire hedge fund managers, C-level executives, and high-risk day traders, but by every line manager at every company in America.
A dip-the-toe mentality takes over: "Remember the guy who put five large in socks.com and the fact that he buys his socks at TJ-MAXX now?"
Slowly but surely time begins to heal the wounds. Technology advancements make it possible for technology to again be a viable investment.
The Doldrums, part 2 (ca. 2005 – 2008)
This whole technology thing is pretty damn cool. I mean it really is. Real money-making/advancements and buy-in from society at large (i.e. Facebook hits 300M users). "Google" is a well-understood verb.
The Downfall (ca. 2008-2009)
Recession crushes the United States economy. Unemployment is at an all-time high. The Wall Street Journal prints an article claiming that it's the worst depression since the actual Great Depression. This is not good. Really, really not good.
Today
Okay, here we are… In the still-clearing smoke of our bomb of a tech recession, the financial recession has scared us to bits. But, believe it or not I have some good news.
Technology Recession is not equal to Financial Recession
The internet bust was a TECHNOLOGY driven recession. There was massive overinvestment in – among other things – dotcoms, which in an economic climate marked by frugality, made all things tech taboo.
This most recent "credit crisis" was a product of poor financial decision-making driven by – among other things – subprime lending, which created a ripple of financial collapse that made all things banking taboo.
Technology has advanced – It really has.
The advancement of technology has created a culture of acceptance. People at large and more importantly people who invest in technology realize a discernable return on investment when they drop funds into tech. We are no longer afraid of technology solutions. Instead, technology is viewed as a real answer to the significant problems that face the United States economy.
Experienced Technologists & Business Planning
Nowadays there are actually people with over 10 years of real world experience building and implementing technology solutions. People with documented successes (and just as importantly failures) can now be trusted at the helm of major technology projects.
Business folks often make big mistakes when it comes to decision-making. The upside is that when they lose lot and lots of money, they don't usually make those same mistakes again. In general, people have learned from their overindulgence in technology investment and plan their business accordingly.
Now, what does that mean for me, the one who is hiring? It means it's time to show that you understand the landscape of the technology hiring market as a whole.
To most people it all boils down to three things:
- Strong Leadership – Who do you have on your team who has been through or understands all of these ups and downs? It's time to show that you have a solid base of management that will weather any future storms.
- Company Growth – What's you plan for expansion? It doesn't have to be the next Microsoft but it's time to show you have a vision that will set you apart.
- Income Potential – People work for money. It's time to show that you value your employees and that there is a discernable return for performance.




Sean Lackaye
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