“Contrary to the longstanding view that larger firms offer the most desirable jobs, smaller firms outpace larger ones in attracting applicants for technology-oriented jobs,” said Dr. Steven Davis, Distinguished Service Professor of Economics at the Chicago Booth School of Business and Senior Fellow at the Hoover Institution. “Recent advances in the search functionality of job boards make it easier for smaller firms to attract applicants.” Davis is a co-developer of the DHI Database and co-creator of the DHI-DFH Mean Vacancy Duration Measure.
“While not as strong as prior years, tech hiring was among the star players of the job creation game in 2017, which I anticipate will continue into 2018,” said Michael Durney, President and CEO of DHI Group, Inc. “As companies build out their tech infrastructure next year and source candidates to create innovative products, those employers who keep a pulse on salary and skill trends will be best equipped to offer ideal roles to skilled professionals and ultimately beat out the competition in landing top tech talent.”
The duration measure reflects the vacancy concept in the Job Openings and Labor Turnover Survey (JOLTS). Specifically, a job opening gets “filled” according to JOLTS when a job offer for the open position is accepted. So the DHI-DFH vacancy duration statistics refer to the average length of time required to fill open positions.Typically, there is also a lag between the fill date and the new hire's start date on the new job.