DHI Group, Inc. - DHX STOCK NEWS

Recent data from Dice reveals a troubling increase in reported discrimination among tech professionals. In 2022, 24% reported experiencing racial discrimination, up from 18% in 2021, while 26% reported gender discrimination, rising from 21%. The survey, which included nearly 2,500 U.S. tech professionals, indicates significant dissatisfaction, particularly among underrepresented groups. Notably, 53% of Black respondents perceive frequent racial inequality, contrasting with 30% of Hispanic/Latinx and only 19% of Asian Indian respondents. Gender inequality perceptions are also pronounced, with 51% of women reporting frequent discrimination compared to 30% of men. This disconnect between employee and HR perceptions suggests an urgent need for companies to enhance their DEIB efforts to foster a more inclusive workplace.

DHI Group, Inc. (NYSE: DHX) has launched Dice Match, a new feature on its job marketplace Dice, aimed at enhancing job matching for tech professionals.

Since its launch on March 1, Dice Match has engaged nearly 120,000 users, leading to over 550,000 job applications by April 12.

This tool employs patented taxonomy and advanced machine learning to optimize job searches based on users' skills and experience, streamlining the hiring process for recruiters.

Art Zeile, CEO of Dice, emphasized the importance of efficient job searches, asserting that the new feature allows users to focus on roles that closely match their qualifications, ultimately benefiting both applicants and employers.

DHI Group, Inc. (NYSE: DHX) has announced the successful launch of its new Invite to Apply feature on the Dice platform, significantly enhancing the job application process for tech roles. In its initial months, the feature has achieved an apply rate of over 10%, nearly double the industry average of 5.97%. Launched in January 2023, this feature enables recruiters to send personalized emails to qualified candidates, thereby improving engagement. Benefits include reducing application drop-off rates, encouraging qualified yet hesitant candidates, and building trust with tech professionals, all aimed at securing top talent in a competitive market.

Tech salaries in the U.S. increased by 2.3% in 2022, reaching an average of $111,348, compared to $108,857 in 2021. Despite challenges faced by Big Tech, demand for skilled technology professionals remains high, with a tech unemployment rate of just 1.5% as of January 2023. States like Massachusetts, Oregon, and California report the highest tech salaries, while cities like Phoenix and Tampa experience significant salary growth. Organizations must offer competitive salaries and benefits to attract top tech talent in a candidate-driven market.

DHI Group, Inc. (NYSE: DHX) announced the release of the 2023 Security Clearance Compensation Report by ClearanceJobs, highlighting a 7% increase in average total compensation to $108,611. Over half of the security-cleared workforce now earns six-figure salaries, with increases in bonuses and base pay. The report reveals that government contracting pays more on average than federal positions, with intelligence community roles offering the highest compensation at $139,970. Remote work options have risen to 53%, reflecting the ongoing demand for cleared professionals in a competitive job market.

ClearanceJobs has partnered with SkillStorm to enhance access to technology jobs for professionals with federal security clearance. This initiative aims to address skill gaps in high-demand tech roles, enabling 1.4 million ClearanceJobs members to access instructor-led training and earn credentials from major tech employers like AWS and Salesforce. The partnership seeks to fill the talent shortage in federal tech roles, compounded by slow security clearance application processes. By providing targeted training, the collaboration intends to create a proficient talent pipeline equipped for sensitive work within government agencies.

DHI Group, Inc. (NYSE: DHX) has authorized a new stock repurchase program allowing for the buyback of up to $10 million of its common stock, following the significant utilization of its previous $15 million program, which repurchased approximately 2.6 million shares since February 2022. This new program is effective immediately and will continue through February 2024. CFO Kevin Bostick stated this decision reflects the company's commitment to enhancing shareholder value and confidence in its strategic priorities. Repurchases will be conducted in compliance with securities laws and may vary based on market conditions.