Remote IT Talents Market August 2020: supply & demand

Remote hiring is one of the nowadays trends and if your company is engaged somehow in IT/Digital solutions or work on some projects where it needs to attract IT engineers, you just have to try working with remote developers.

In the previous article, we reviewed ongoing trends in the field of hiring and came to a certain conclusion. From our perspective, Remote Talent it’s nowadays’ reality and of course, it’s a trend for the future. HR experts say that these days’ talent is a crucial factor for business performance and augmentation. And finding and faster hiring the right people are on the high demand.

Indeed, the benefits of remote work speak for itself.

Forbes Research Department presented 5 pieces of evidence of remote work for companies:

Productivity — Teleworkers are an average of 35-40% more productive than their office counterparts, and have measured an output increase of at least 4.4%.

Performance — With stronger autonomy via location independence, workers produce results with 40% fewer quality defects.

Engagement — Higher productivity and performance combine to create stronger engagement, or in other words, 41% lower absenteeism.

Retention — 54% of employees say they would change jobs for one that offered them more flexibility, which results in an average of 12% turnover reduction after a remote work agreement is offered.

Profitability — Organizations save an average of $11,000 per year per part-time telecommuter, or 21% higher profitability.

Advantages of using Remote IT Engineers as a solution for your business.

If we look towards the hiring of IT talent remotes, using remote IT contractors also allows:

speed up the hiring process from 7 weeks to 3 days

find available profiles within 24h

reduce hiring costs by an average of 30-40%

We deeply understand the business processes inside the kitchen, as one of the leaders in the remote IT talent market in Eastern Europe. Therefore, we decided to analyze the current trends, dynamics, and segmentation of the market to provide our readers with insight into the currently demanded skills and technologies and the situation with the availability of Remote IT Engineers.

First, let’s take a look at the number of requests for Remote IT Engineers for the period 2017 – 1-2Q 2020

As you can see, undoubtedly, COVID made its adjustments. There was a noticeable drawdown in the number of customers’ requests in Q1 and Q2 of 2020. Many companies temporarily froze their projects and stopped investing in hiring. Moreover, companies dismissed from 10 to 25% of their employees on average during this period.

Analyzing the number of requests for the 1-2 quarter of 2020, we see that the most demanded skills were: PHP 60+ requests, Java – 60, Python 50+.

Full report