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SqueakyDonut
SqueakyDonut
Stealth

How is hiring rn

I have seen lot of posts about openings lately, are companies back to hiring now or what exactly is the market going on ? People who have recently applied can share their experiences on the market, compensation hike and ghosting by HRs if it is still happening

13mo ago
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PrancingBurrito
PrancingBurrito
Stealth13mo

please note that I'm only talking about the tech sector here, and that I'm on the hiring side rather than someone in the job market looking out.

my pov - market continues to trend downward. overall 2 things seem to be playing out:

  1. reduction in headcount: orgs are restructuring to get the same output with fewer people. sr positions seeing the steepest drop anecdotally.
  2. comp band recalibration: comp bands are dropping post bubble, with mid and jr seeing the steepest drops. my sense is 20-60% downward correction is in progress based on role.

this will continue for a year or two post interest rates coming down - which is yet to happen.

FluffyNugget
FluffyNugget
Plivo13mo

Thanks for sharing

FloatingBagel
FloatingBagel
Stealth13mo

This is insightful @UnlinedTusk what is the trend in product domain? Is there salary correction happening there as well? What is the market trend for people in SPM roles?

JumpyPretzel
JumpyPretzel
Stealth13mo

I have been getting Interview emails of late, so I think hiring has come up to a moderate level. Openings are coming out consistently I feel, though I can’t comment on anything about the compensation they are willing to offer

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