Hiring for Tech Talent Begins to Slow, But Remains Most In-Demand Field

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During October, Recruiters placed 220,000 new online job ads for Computer Programmers, a year-over-year increase of 5.7%, according to WANTED Analytics™.

During October, Recruiters in the US placed 220,000 new job ads for tech related openings, according to WANTED Analytics™ (http://www.wantedanalytics.com), the leading source of real-time business intelligence for the talent marketplace. Although this occupation may be seeing a seasonal slowing in hiring demand, it remains the most demanded field in the United States, up 5.7% versus October 2010. This occupation reached a 4-year high in May 2011, when 250,000 jobs were advertised at a 40% year-over-year growth.

Some of the most commonly advertised Computer Programming job titles include Project Manager, Software Engineer, Java Developer, Business Analyst, Systems Administrator, Database Administrator, and Programmer. Of these highly demanded jobs, Programmers saw the greatest increase, with a 15% year-over-year growth. Database Administrators were the only occupation of the above mentioned that saw a decline, down 1% compared to last year.

Metropolitan areas with the highest hiring demand for technology related talent included New York (NY), Washington (DC), Chicago (IL), Atlanta (GA), and Los Angeles (CA). Employers and recruiting firms in New York placed more than 18,000 new job ads, the most of any city. This, however, represented a 1% decline in hiring demand versus October 2010. Washington and Los Angeles also saw a year-over-year decline in job ad volume, while Chicago increased by 11% and Atlanta grew 27% compared to the same time period in 2010.

Despite slower seasonal demand, the talent supply remains limited for Computer Programming occupations and tech talent, resulting in challenging recruiting conditions. According to the Hiring Scale™, the nationwide talent pool consists of about 4 potential candidates per advertised job. However, some locations will find these jobs harder to fill based on a smaller local talent supply. For example, the candidate pool within the Washington, DC metro area consists of 3 potential candidates. Recruiters here are likely to spend more time sourcing talent than many of their counterparts. In Washington, DC, jobs ads are online for an average of 45 days, in comparison to the national average of 40 days. The Hiring Scale also shows that the easiest places to recruit for tech talent are Lebanon (Pennsylvania), Beaumont (Texas), and Elkhart (Indiana).

The Hiring Scale measures conditions in local job markets by comparing hiring demand and labor supply. The Hiring Scale is part of the WANTED Analytics platform that offers business intelligence for the talent marketplace.

To see additional charts and detail, please visit http://www.wantedanalytics.com/insight.

The Hiring Scale is available at http://www.hiringscale.com.

About WANTED Analytics™

WANTED Analytics™ helps recruiting organizations make better decisions faster with real-time business intelligence on jobs, employers, and talent. Analytics brings together, for the first time, years of hiring demand and talent supply data to create a true talent intelligence platform for hard-to-fill positions.

Clients in the staffing, HR, RPO, media, and government sectors use WANTED Analytics™ to find sales leads, analyze employment trends, gather competitive intelligence, forecast economic conditions, and source hard-to-fill positions.

About WANTED Technologies Corporation

WANTED Technologies (TSX-V:WAN) provides real-time business intelligence for the talent marketplace. Founded in 1999, the company’s headquarters are in Quebec City, Canada, and it maintains a US-based subsidiary with primary offices in New York City. WANTED began collecting detailed Hiring Demand data in June 2005, and currently maintains a database of more than 600 million unique job listings. For more information or to sample WANTED’s services, visit http://www.wantedanalytics.com.

WANTED is also the exclusive data provider for The Conference Board Help Wanted OnLine Data Series®, the monthly economic indicator of Hiring Demand in the United States.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Any statement that appears prospective shall not be interpreted as such.

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Carolyn Menz

Martin Auclair
WANTED Technologies
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