Daily Management Review

Experts: Pandemic and remote work transform high-tech labor market


The mass transition to remote work and the development of new Internet services for the delivery of goods and other services to consumers, customers and employees resulted in significant changes in the labour market for high-tech specialists: it is changing both quantitatively and qualitatively. While some companies are increasing the number of developers and specialists in cybersecurity, others feel a growing need for new professions.

The COVID-19 pandemic has had a significant impact on the high-tech labour market. Experts noticed this as soon as the first restrictions were introduced. As early as the first quarter, the consulting and recruitment company Dice recorded a 20% increase in demand for Cyber Security Engineers in the USA, a 12% increase in demand for NET developers and an 11% increase in demand for Systems Engineers.

Last week, Dice added that the trend for remote work will continue in 2021, so the demand for cybersecurity and other hightech professionals will at least not decrease, but is likely to increase.

Jack Mannino, CEO of nVisium, a cybersecurity company, notes: "The move to remote work has already prompted many organisations to make significant investments in their IT systems and infrastructure".

At the end of October, the World Economic Forum (WEF) reported that high-tech companies and specialists are not only helping companies from other sectors and the economy as a whole to adapt to the current situation, but are also stimulating the development of a new, more technologically advanced economy.

Even before the pandemic, companies had a shortage of high-tech specialists with the right skills, expecting this gap to be filled only in the next few years," said WEF experts. "Automation and Artificial Intelligence (AI) are the two main drivers of the Fourth Industrial Revolution, which, as predicted by McKinsey Global Institute back in 2017, will require 375 million employees, or 14% of the world's workforce, to upgrade their skills or acquire new ones. But the crisis caused by COVID-19 has accelerated these changes for many. New skills were already needed to help businesses work and develop in the current environment".

source: techrepublic.com