Jobseeker’s Market Continues to Improve in Delaware Valley

November 13th, 2017 by ifi-admin

Two colleagues walk through an office lobby, on their way to a Delaware Valley tech job

If you’re currently employed in IT and Technical Services in the Delaware Valley, your prospects of making a meaningful career move continue to improve as employers struggle to find talent to fill open positions. Now is a great time to consider finding your next challenge.

News from the Bureau of Labor Statistics (BLS) earlier this month showed that in the Delaware Valley, the jobless rate has decreased .5% from August to September (from 5.1 to 4.6%), for a .9% overall drop in the jobless rate year over year. Meanwhile, compensation costs for civilian workers increased 0.7 percent for the 3-month period ending in September 2017. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.7 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.8 percent. Overall, that adds up to a 2.5 percent hike in compensation costs for the last 12-month period.

Tech Jobs Among Fastest Growing Sectors in BLS’s 10-Year Projection

Software developers and information security analyst positions represent two of the fastest growing occupations in the BLS’s 10-year projection. Software and application developer jobs are expected to grow by 30% by 2026 with a median salary of $100,080. Information security analyst roles are projected to grow by 28% with a median salary of $92,600.

Software applications developer jobs also placed second next to registered nurses in the category of most new positions projected for jobs requiring a bachelor’s degree. The report cited 253,400 new jobs expected within the next decade, growth that outpaces other professions in the category by as much as 10:1.
Software applications developer roles also ranked high in terms of the number of open positions at 85,000. By comparison, computer systems analysts jobs are expected to have an annual average of 44,800 open positions.

Where to Begin in a Candidate’s Market

In this climate, prospects are very strong for technical professionals. Phoenix Partners can help you find the right corporate culture locally in the Delaware Valley, across the US, or around the world through its partnership with NPAWorldwide. If you have a desire to relocate, contact us to get the inside edge.

If you’re not sure if you’re ready to make a move, talk to us about what your ideal situation would look like. You’ll be “top-of-mind” the next time we run across a role that suits. Take a look at openings on our job board, and let us know if there’s one that piques your interest.

If you’re happy in your current company, we extend our congratulations. We would greatly appreciate your referrals of quality candidates for our open positions, kept in strictest confidence. Please reach out if we can help someone you know who stands out from the crowd.

Phoenix Partners, Inc. • 638 Overhill Road • Suite 200 • Ardmore, PA 19003 • Phone: (610) 649-1909
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