Tech Job Industry in 2020: The future Scope
According to data collected and analyzed based on millions of job postings from across the country, employment opportunities for cybersecurity engineers have risen significantly since the lockdown began.
Saying that the tech industry is booming will be an understatement. With a significant increase in tech job postings, the first quarter of 2020 showed strong growth when compared to the same time last year. Although the initial April data indicates slightly less tech hiring, it will require additional monitoring to understand the impact of COVID-19 on the overall tech job industry, since hiring volume fluctuates.
However, certain occupations are seeing more interest from recruiters and hiring managers. For the following analysis, it is useful to understand the evolved requirements of the current scenario. Our increased dependencies on the tech since companies began instituting WFH policies. Let’s see what trends will govern the tech industry in the upcoming months.
WFH is the ‘New Normal’
If the WFH system is tweaked a bit, it may become a norm with a hybrid working model taking over. We might not see replacing teleworking completely due to its cost-effectiveness for both businesses and employees.
Business leaders look up to the IT fraternity to facilitate this mode of working, where their worries of potential security breaches need to be addressed as a top priority. Hence, the job of an IT professional is indispensable to keep an organization’s new-found digital wheel moving. And this is ongoing. As companies of all shapes and sizes are facing the brute force of sophisticated cyberattacks, their focus is eventually shifting from digitalization to securing end-points at premises/clouds/devices, which in any case is crucial.
A surge in DevOps job openings suggests that businesses intend on ensuring their tech infrastructure remains up-to-date and reliable in these uncertain times. In the coming months, more companies may seek cloud engineers to build and secure their existing cloud infrastructure, which includes e-commerce platforms, that require highly skilled teams to maintain and update.
Despite the COVID-19 impact on the economy as a whole, many tech jobs are enjoying an increased rate of hiring. According to data collected and analyzed based on millions of job postings from across the country, employment opportunities for cybersecurity engineers have risen significantly since the lockdown began. It indicates a pressing need for employers to defend their employees and networks. In a time of dispersed workforces, cybercriminals have jumped at the opportunity, with phishing and cyber-attacks rapidly proliferating.
Job postings for .NET developers and System Engineers have risen by 12 percent and 11 percent respectively this year. The numbers suggest that companies are focused on maintaining their network and computer infrastructure amidst current circumstances. Candidates who specialize in .NET may find themselves building and maintaining apps for security, data access, and user interfaces among others. It
means they may face more job opportunities as companies evaluate what their current tech stack needs right now to survive and evolve.
On a similar note, the need for job-ready engineers has increased. Gone are the days when a mere certification was proof of caliber. Organizations are demanding candidates who can be deployed independently from the onset, given the remotely operating workforce that cannot follow the traditional ways of onboarding. This has highlighted the importance of experiential learning and real-time problem-solving skills. The prevalent concept of on-the-job training is somewhat passe now.
Skill-specific job roles
Companies are on the lookout for employees who can fit into niche portfolios within the organization. A holistic knowledge is desirable but the demand has shifted in favor of domain-experts rather than plain vanilla industry professionals.
Some data also predicts that over two million new job roles could be created in specialized areas of computing, mathematics, architecture, and engineering. The job roles created will require a different set of skills. Therefore, it’s of the utmost importance to prepare future generations to thrive in the changing job landscape. To leverage the full potential of opportunities created by advanced technology, we need a similar revolution in education where it’s no longer one-size-fits-all. Candidates looking for jobs will have to rely on more than just a formal education and gain the right skill to adapt, which is doable thanks to the rise of online upskilling solutions.
Job placements through skilling platforms
Looking at the high demand for a tech-skilled workforce, some learning platforms now offer an Income Sharing Agreement (ISA) model that provides an opportunity for the students to pursue training and pay when they secure a job. The revolutionary outcome-based models play a pivotal role in securing a job for candidates as the onus shifts to the skilling platforms to secure their investment.
With all that’s said and done, companies continue scrambling to adapt to a rising IT job market. They’re doing whatever they can to attract and employ the best tech talent. For some, that means getting a head start in filling this year’s in-demand roles, which range from data-focused to cybersecurity-related positions. And for others, it means acquiring the right skill sets to get on the radar. One thing’s for sure, the tech industry is evolving at rapid pace birthing new technologies on the go, and its future seems to offer a plethora of opportunities to those venturing into it.
(The article is authored by Narayan Mahadevan, Founder - BridgeLabz)