Tech Workforce & Hiring Trends - July 2023
Tags: hiring, news, career, trends
Published: 2023-08-02 20:50:29

This is Stout's monthly curated digest of hiring and employment news. [Sign up](https://lp.constantcontactpages.com/su/Lj2eyb8/stoutnewsletter) to receive it each month in your email inbox. 

## Tech Layoffs
Despite recent headlines involving layoffs at major companies, tech jobs remain among the most in-demand jobs in the labor market. What has changed about the tech hiring landscape: the jobs are less at Big Tech companies. Instead, tech workers should target their job search at small and medium-sized enterprises. [Read more from CNBC](https://www.cnbc.com/2023/07/07/tech-jobs-are-still-the-most-in-demand-says-employment-market-expert.html).

## Labor Market Trends
Tech sector companies increased headcount by 5,348 jobs last month. Among the six top level tech occupation categories three show positive gains through the first half of 2023 – IT and custom software services and systems design; PC, semiconductor and components manufacturing; and cloud infrastructure, data processing and hosting. [Read more from PR NewsWire](https://www.prnewswire.com/news-releases/tech-employment-eases-for-month-comptia-analysis-shows-301872178.html).

## AI Regulation in Hiring
After months of delays, New York City today began enforcing a law that requires employers using algorithms to recruit, hire or promote employees to submit those algorithms for an independent audit — and make the results public. The first of its kind in the country, the legislation — New York City Local Law 144 — also mandates that companies using these types of algorithms make disclosures to employees or job candidates. [Read more from Tech Crunch](https://techcrunch.com/2023/07/05/nycs-anti-bias-law-for-hiring-algorithms-goes-into-effect/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFk8EW0KtAMCmiO1MNQ2Td6k52Goaq4gAIamBePdLJjUtrPZESBdwRU46fQmqiQ97cmrPobSbqDQYEI6hYmWpxgcjSa6MxgfHa7gbxeAlTrV0IGa4-CLmzWuM3WKvmoZwwEWAAIfcQxNQBkHkVXxpmWbQWjbrTVhvI9qcuCGeVtY).

## Employment Discrimination
This year, preventing employment discrimination remains a significant employment law and regulatory concern, with legislatures continuing to expand the protected classifications beyond those protected under federal law, and creating new limitations on what demographic and pay-related information an employer may seek from job applicants. [Read more from Littler](https://www.littler.com/publication-press/publication/july-new-january-pace-new-state-laws-heats).

## Crisis Management & Preparation
Are you prepared for your key employees being taken out of the loop? Is your company prepared for YOU being "hit by a bus"? Dealing with something like that is never easy, but with planning and on-going preparation, you can make it much easier for the company/project to survive. [Read more from Stout Systems](https://www.stoutsystems.com/how-to-prepare-for-when-a-key-employee-gets-hit-by-a-bus/).

## Human Resources
Technology companies are shedding the very talent that incumbent players need to meet their own digital objectives. Here’s what HR teams in traditional organizations can do to capitalize. [Read more from McKinsey](https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/hr-rewired-an-end-to-end-approach-to-attracting-and-retaining-top-tech-talent).

## Featured Candidates Available for Hire
- [Candidate 15661 - IT Director](https://www.stoutsystems.com/candidate/15661-JA)
- [Candidate 2775 - Quality Assurance Leader](https://www.stoutsystems.com/candidate/2775-JA)
- [Candidate 10899 - Database / Data Warehouse SQL Expert](https://www.stoutsystems.com/candidate/10899-JA)
- [Candidate 8977 - Senior Engineer (Controls, Embedded, AI)](https://www.stoutsystems.com/candidate/8977-JA)
- [Candidate 3796 — Principal Engineer](https://www.stoutsystems.com/candidate/3796-JA)

To browse a sampling of our candidates that have been through our 21 point screening process, [visit our candidate directory page](https://www.stoutsystems.com/technical-staffing-services-michigan-based/).

_This is Stout's monthly curated digest of hiring and employment news. [Sign up](https://lp.constantcontactpages.com/su/Lj2eyb8/stoutnewsletter) to receive it each month in your email inbox._

_If you're looking for a job in the tech industry, [visit our job board](https://www.stoutsystems.com/jobs) to see if you qualify for some of our positions. If you're looking to hire technical talent for your company, please [contact us](https://www.stoutsystems.com/connect/)._

_[Stout Systems](https://www.stoutsystems.com/) 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._