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Despite Economic Concerns, Technology Professionals Remain Confident About the Future

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Dice's 2024 Tech Sentiment Report reveals mixed sentiments among tech professionals. Despite only 31% feeling optimistic about the economy, 80% expect industry growth in the next five years. Key findings include:

1. Remote work remains crucial, with 90% considering it important when evaluating job opportunities.

2. 67% of tech professionals are considering job changes, driven by burnout and toxic work environments.

3. AI professionals report higher job satisfaction and better work-life balance.

4. 70% of HR professionals anticipate increased tech hiring, particularly in AI and machine learning.

5. Compensation remains a top motivator, with 76% of tech professionals taking on side gigs for extra income.

Il Report sul Sentiment Tecnologico di Dice per il 2024 rivela sentimenti misti tra i professionisti del settore tecnologico. Nonostante solo il 31% si senta ottimista riguardo all'economia, l'80% prevede crescita dell'industria nei prossimi cinque anni. I risultati chiave includono:

1. Il lavoro remoto rimane cruciale, con il 90% che lo considera importante nella valutazione delle opportunità lavorative.

2. Il 67% dei professionisti della tecnologia sta considerando cambiamenti di lavoro, spinti dal burnout e da ambienti di lavoro tossici.

3. I professionisti dell'IA riportano una maggiore soddisfazione lavorativa e un migliore equilibrio tra vita privata e lavoro.

4. Il 70% dei professionisti delle risorse umane prevede un aumento delle assunzioni nel settore tecnologico, in particolare nell'IA e nel machine learning.

5. La retribuzione rimane un motore principale, con il 76% dei professionisti tecnologici che accettano lavori secondari per un reddito extra.

El Informe de Sentimiento Tecnológico de Dice para 2024 revela sentimientos mixtos entre los profesionales de la tecnología. A pesar de que solo el 31% se siente optimista sobre la economía, el 80% espera un crecimiento en la industria en los próximos cinco años. Los hallazgos clave incluyen:

1. El trabajo remoto sigue siendo crucial, con un 90% que lo considera importante al evaluar oportunidades laborales.

2. El 67% de los profesionales tecnológicos están considerando cambiar de trabajo, impulsados por el agotamiento y entornos laborales tóxicos.

3. Los profesionales de IA reportan una mayor satisfacción laboral y un mejor equilibrio entre trabajo y vida personal.

4. El 70% de los profesionales de recursos humanos anticipan un aumento en la contratación tecnológica, particularmente en IA y aprendizaje automático.

5. La compensación sigue siendo un motivador principal, con el 76% de los profesionales tecnológicos realizando trabajos adicionales para obtener ingresos extra.

Dice의 2024 기술 감정 보고서는 기술 전문가들 사이에서 혼합된 감정을 드러냅니다. 경제에 대해 긍정적으로 느끼는 사람이 31%에 불과하지만, 80%는 향후 5년 동안 산업 성장을 기대하고 있습니다. 주요 결과는 다음과 같습니다:

1. 원격 근무는 여전히 중요합니다, 90%가 직업 기회를 평가할 때 이를 중요하게 생각합니다.

2. 67%의 기술 전문가는 직업 변경을 고려하고 있습니다, 이는 탈진과 유독한 근무 환경에 의해 촉발된 것입니다.

3. AI 전문가는 더 높은 직무 만족도와 더 나은 일과 삶의 균형을 보고하고 있습니다.

4. 70%의 인사 전문가들은 기술 채용 증가를 예상합니다, 특히 AI 및 기계 학습 분야에서입니다.

5. 보상은 여전히 주요 동기입니다, 76%의 기술 전문가가 추가 수입을 위해 부업을 수행하고 있습니다.

Le Rapport sur le Sentiment Technologique de Dice pour 2024 révèle des sentiments mitigés parmi les professionnels de la technologie. Bien que seulement 31% se sentent optimistes quant à l'économie, 80% s'attendent à une croissance de l'industrie au cours des cinq prochaines années. Les résultats clés comprennent :

1. Le travail à distance reste crucial, 90% le considérant important lors de l'évaluation des opportunités d'emploi.

2. 67% des professionnels de la technologie envisagent des changements de travail, motivés par l'épuisement et des environnements de travail toxiques.

3. Les professionnels de l'IA signalent une plus grande satisfaction au travail et un meilleur équilibre entre vie professionnelle et vie privée.

4. 70% des professionnels des ressources humaines s'attendent à une augmentation des recrutements dans le secteur technologique, en particulier dans l'IA et l'apprentissage automatique.

5. La rémunération reste un moteur essentiel, 76% des professionnels de la technologie acceptant des emplois secondaires pour un revenu supplémentaire.

Der Tech-Sentiment-Bericht von Dice für 2024 zeigt gemischte Gefühle unter den Fachleuten der Technologiebranche. Obwohl nur 31% optimistisch in Bezug auf die Wirtschaft sind, erwarten 80% ein Wachstum der Branche in den nächsten fünf Jahren. Zu den wichtigsten Ergebnissen gehören:

1. Remote-Arbeit bleibt entscheidend, 90% betrachten sie als wichtig bei der Bewertung von Jobmöglichkeiten.

2. 67% der Technologiefachleute ziehen einen Jobwechsel in Betracht, angetrieben durch Burnout und toxische Arbeitsumgebungen.

3. KI-Fachleute berichten von höherer Arbeitszufriedenheit und besserer Work-Life-Balance.

4. 70% der HR-Profis erwarten steigende technologische Einstellungen, insbesondere in den Bereichen KI und Machine Learning.

5. Vergütung bleibt ein Hauptmotivator, 76% der Technologiefachleute nehmen Nebenjobs an, um zusätzliches Einkommen zu generieren.

Positive
  • 80% of tech professionals expect industry growth in the next five years
  • 70% of HR professionals anticipate increased tech hiring
  • AI professionals report higher job satisfaction and better work-life balance
  • 58% of AI professionals are confident in finding favorable new roles
  • 46% of HR professionals are actively recruiting for AI roles
Negative
  • Only 31% of tech professionals are optimistic about the economy
  • 67% of tech professionals are considering job changes due to burnout and toxic work environments
  • 36% of tech professionals at smaller companies express concerns about company stability
  • Disconnect between employers and employees on remote work preferences
  • HR professionals face challenges in recruiting AI talent due to knowledge gap and competitive market

The 2024 Tech Sentiment Report provides valuable insights into the tech industry's current state. Despite economic uncertainties, there's a strong undercurrent of optimism among tech professionals. 80% expect industry growth in the next five years, signaling long-term confidence. This positive outlook is particularly evident in emerging fields like AI and machine learning.

The report highlights a significant disconnect between employers and employees regarding remote work. While 90% of tech professionals prioritize remote work options, 87% of employers favor hybrid models. This misalignment could potentially impact talent acquisition and retention strategies for companies in the tech sector.

Another key finding is the high demand for AI professionals, who report better job market conditions and work-life balance compared to other tech roles. With 46% of HR professionals actively recruiting for AI positions and 82% expecting increased demand, this trend could reshape the tech job market in the coming months.

While the report doesn't provide specific financial data, it offers insights that could impact investor sentiment in the tech sector. The mixed economic outlook, with only 31% of tech professionals feeling optimistic about next year's conditions, suggests caution. However, the long-term growth expectations in the industry could support sustained investment interest.

The report indicates potential challenges for smaller tech companies, with 36% of professionals at firms with <500 employees expressing concerns about stability. This could lead investors to favor larger, more established tech companies in the short term.

The high demand for AI and machine learning skills, coupled with 70% of HR professionals anticipating increased tech hiring, points to potential growth areas for investment. Companies effectively leveraging these technologies and attracting top AI talent may be well-positioned for future growth, making them attractive to investors focused on long-term value creation.

The report underscores the transformative impact of AI on the tech industry. The high confidence and job satisfaction among AI professionals, coupled with the strong demand for their skills, indicate that AI is not just a buzzword but a fundamental shift in the tech landscape.

The emphasis on upskilling and the priority placed on meaningful work suggest that tech professionals are adapting to rapid technological changes. This adaptability is important for the industry's long-term health and innovation potential.

However, the report also highlights potential challenges. The knowledge gap in AI recruitment, mentioned by HR professionals, could slow down innovation if not addressed. Additionally, the ongoing debate over remote work may lead to a restructuring of how tech companies operate, potentially affecting productivity and talent retention.

Overall, the tech industry appears to be at an inflection point, balancing economic uncertainties with technological advancements, particularly in AI. How companies navigate these challenges will likely shape the industry's future trajectory.

Dice research found that even though only 31% of tech professionals are optimistic about the economy, 8 in 10 expect the profession to grow in the next five years.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Dice (a DHI Group, Inc. brand; NYSE: DHX), the leading career marketplace for technology professionals, today released its seminal 2024 Tech Sentiment Report, offering a comprehensive analysis of the current state of the tech industry through the lens of technology and human resources professionals. The report provides critical insights into the economic outlook, career growth and impact of AI on tech professionals, highlighting the dual sentiments of concern and quiet optimism amidst a challenging year.

“While the industry has faced significant challenges, tech professionals are adapting by upskilling and actively seeking new opportunities,” said Dice CEO Art Zeile. “The demand for professionals with expertise in AI, machine learning, cybersecurity and data science remains strong, and tech professionals are optimistic about the future. With that optimism, they continue to prioritize companies that align with their values, offer meaningful work and provide the benefits that matter most to them.”

Economic Outlook: Navigating Uncertainty in the Tech Sector

Our findings reveal mixed sentiments among tech professionals on the economy and the future of tech growth. While 3 in 10 tech professionals feel optimistic about next year's economic conditions, a nearly equal share feel pessimistic. Optimism in long-term tech growth, however, is high, with 8 in 10 tech professionals expecting the tech industry to grow in the next five years. These mixed sentiments are likely a reflection of a turbulent year that has seen widespread layoffs and wavering tech job openings.

The sense of uncertainty in the industry is exacerbated for 36% of tech professionals at smaller companies (<500 employees), who express heightened concerns about company stability and performance.

One thing that has remained stable is compensation continuing to be a key motivator for tech professionals. Increased compensation remains the top driver for those considering a job change, and 76% of tech professionals take on side gigs to earn supplemental income.

HR professionals maintain a positive outlook, with 70% anticipating an increase in tech hiring in the near future. This optimism is particularly strong regarding advancements in AI and machine learning (ML), which are each expected to experience significant growth in the coming years.

Life at Work: The Ongoing Debate Over Remote Work

Remote work continues to be a significant priority for tech professionals, with 9 in 10 reporting it plays an important role when evaluating new opportunities.

The most cited benefits of remote work include cost-effectiveness, increased productivity and greater flexibility. However, a disconnect persists between tech professionals and their employers regarding remote work preferences: 87% of employers continue to favor hybrid work settings.

Even though tech professionals favor remote work, many employers are pushing for either a hybrid model or reducing remote work options altogether, particularly in larger companies. Furthermore, employers who mandate in-office days may face higher levels of job dissatisfaction among employees. Tech professionals required to work in the office at least one day per week report nearly double the dissatisfaction levels compared to those who attend the office without a mandate.

Despite these tensions, tech professionals report that their work-life balance remains unchanged from last year. Those who work remotely at least one day a week enjoy a better work-life balance, and 61% are willing to prioritize this balance over a higher salary when considering new roles. This trend underscores the importance of work-life balance in the evolving landscape of tech employment.

Career Growth: Balancing Ambition with Realism

Dice found growing dissatisfaction among tech professionals with their current positions, with 67% considering a job change despite concerns about finding new roles. Burnout and toxic work environments are significant factors driving this desire for change. However, the allure of higher compensation, greater responsibility and career growth opportunities continues to attract tech professionals to Big Tech (MAMAA) companies, with 21% specifically preferring to work for them.

The demand and satisfaction for AI professionals stands out in this year’s report. AI professionals report a more positive job market and better work-life balance compared to other tech professionals: 58% of AI professionals are confident they could find a favorable new role in their field this year, compared to only 36% of other tech professionals that feel the same. In addition, more AI professionals report that they experienced a better work-life balance than they did last year, at 41%, compared to 26% of tech professionals in general.

Their confidence in finding new roles and the high demand for their skills position them as a unique group within the broader tech landscape. However, HR professionals face challenges in recruiting AI talent, primarily due to a knowledge gap and the competitive nature of the AI job market. Forty-six percent are actively recruiting for these roles right now, and 82% anticipate demand for AI professionals to increase in the next six months.

The Bottom Line

The 2024 Tech Sentiment Report provides a nuanced view of the tech industry, capturing the complexity of emotions and experiences among tech professionals. While economic concerns are prevalent, there is a resilience and optimism driven by innovation in AI and the continued growth of the industry. As tech professionals navigate these challenges, employers must understand and address these sentiments to attract and retain top talent in an ever-evolving market.

Methodology

Dice conducted two separate surveys to produce the data and insights in the 2024 Tech Sentiment Report:

  • The Q2 2024 Technology Professionals Sentiment Survey was conducted online via email June 5–27, 2024. The survey generated 520 qualified responses from fully employed technology professionals residing in the U.S.
  • The Q2 2024 Employer Sentiment Survey was conducted June 6–14, 2024, and generated 390 qualified responses from human resources professionals from direct hire organizations that recruit and employ tech talent.

The 2024 Tech Sentiment Report includes historical trend analyses (when available) from the following Dice surveys:

  • Q2 2023 Technology Professionals Sentiment Survey: Conducted June 20–July 2, 2023. Generated 709 responses.
  • Q3 2023 Employer Sentiment Survey: Conducted July 19–27, 2023. Generated 224 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 technology professionals based on the skills requested. The Company’s patented algorithm manages over 100,000 unique technology skills. Additionally, our marketplaces allow tech professionals to find their ideal next career opportunity, with relevant advice and personalized insights. Learn more at www.dhigroupinc.com.

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Source: DHI Group, Inc.

FAQ

What percentage of tech professionals expect industry growth in the next five years according to Dice's 2024 Tech Sentiment Report?

According to Dice's 2024 Tech Sentiment Report, 80% of tech professionals expect the tech industry to grow in the next five years.

How important is remote work for tech professionals when evaluating job opportunities?

The report indicates that 90% of tech professionals consider remote work important when evaluating new job opportunities.

What percentage of tech professionals are considering a job change according to the Dice report?

The 2024 Tech Sentiment Report reveals that 67% of tech professionals are considering a job change.

How do AI professionals compare to other tech professionals in terms of job satisfaction?

According to the report, AI professionals report higher job satisfaction and better work-life balance compared to other tech professionals.

What is the stock symbol for DHI Group, Inc., the parent company of Dice?

The stock symbol for DHI Group, Inc., the parent company of Dice, is DHX (NYSE: DHX).

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