“Employers in Health Services and Financial Services face significant challenges in finding and recruiting new hires” said Dr. Steven Davis, William H. Abbott Professor of International Business and Economics at the University of Chicago Booth School of Business. Davis is a co-developer of the DHI Database and co-creator of the DHI-DFH Mean Vacancy Duration Measure and Recruiting Intensity Index.
“The recruiting environment for tech professionals has always been driven by in-demand skills and ability to find qualified candidates,” said Michael Durney, President and CEO of DHI Group, Inc. “That said, there are some tech specialties that have experienced tighter market conditions than others. Tech pros who are flexible, resilient and, most importantly, continuously brush up on their craft, are in a unique position to manage their careers and ask for ideal compensation.”
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.