Tech Workforce & Hiring Trends - July 2022

by Samantha Ogletree

This is Stout's monthly curated digest of hiring and employment news. Sign up to receive it each month in your email inbox. 

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Workers Still Have Power in This Job Market

Job openings remain high, layoffs are low and employees keep quitting for better offers—even as many Americans brace for recession. Does this mean you should lower your salary expectations the next time you are up for a promotion or a new job? Or settle for a job with more security as a recession looms? Read more from The Wall Street Journal.

social media is ruling hiring market

Ohio’s workforce is still struggling to fill voids more than two years since the pandemic disrupted businesses. Hiring and retaining employees remains one of the biggest challenges for some local industries. Much like everything else in 2022, social media rules, and it’s starting to dominate Ohio’s job recruiting efforts. Read more from News 5 Cleveland.

Wells Fargo conducting fake job interviews

Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo & Co (WFC.N) violated federal laws by conducting fake job interviews, the New York Times reported this month, citing people familiar with the matter. The bank said in a memo it was pausing a hiring policy that requires recruiters to interview a diverse pool of candidates, after another report by the New York Times said such interviews were often fake and conducted even though the job had already been promised to someone else. Read more from Reuters.

rising interest rates over high inflation, market selloffs and recession risks challenge the growth of America’s workforce

Amid a record hiring streak in the U.S., economists are watching for signs of a possible wave turn. Wall Street Journal’s Anna Hirtenstein looks at how rising interest rates over high inflation, market selloffs and recession risks challenge the growth of America’s workforce. Read more from The Wall Street Journal.

common questions facing employers and other plan sponsors working through the impact of DobbsEmployers and other group health plan sponsors are left with much to consider following the U.S. Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization, which overruled the Supreme Court’s prior landmark decisions in Roe v. Wade and Planned Parenthood v. Casey. National Law Review released a guidebook answering common questions facing employers and other plan sponsors working through the impact of Dobbs. Read more from Erisa Practice Center.

falling stock markets result in tech layoffs

Falling markets have resulted in some of the hottest tech companies reducing their staff. These layoffs may create opportunities for more traditional companies looking to hire and for potential employees seeking stability. Read more from Tech Republic.

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This is Stout's monthly curated digest of hiring and employment news. Sign up to receive it each month in your email inbox.

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Stout Systems is the software consulting and staffing company Fueled by the Most Powerful Technology Available: Human Intelligence®. We were founded in 1993 and are based in Ann Arbor, Michigan. We have clients across the U.S. in domains including engineering, scientific, manufacturing, education, marketing, entertainment, small business and robotics. We provide expert level software, Web and embedded systems development consulting and staffing services along with direct-hire technical recruiting and placements.

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