Good times in tech, per our partners at Vaco

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via Inside Memphis Business

It would seem that 2018 is a great year to work in tech according to survey data collected by recruiting firm Vaco. But the very things that make the industry attractive to employees can make hiring difficult for companies. Survey findings say 83 percent of tech professionals reported feeling “optimistic” or “very optimistic” about the job market this year. Additionally, 74 percent say they are “satisfied” or ;“highly satisfied” in their current role, and half say they’re not likely to change jobs in 2018.

“The tech talent pool is generally content. That’s great, but it’s a double-edged sword for companies hiring, especially in areas with lots of competition for employees,” says Kirk Johnston, senior managing partner for Vaco Memphis. “Of course employers want their employees to be inspired and happy. But it’s difficult if you’re hiring from the relatively small pool of top talent interested in making a move. Other companies are pursuing your top talent, and your options are limited.”

Another contributing factor to the tight market is that companies are getting smarter about their retention programs: 82 percent of survey participants anticipate getting a raise this year with no significant change in their current role.