Our Team has recently conducted research of the current IT-market. We were basing on everyday statistics of our work and here are key take-aways:
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Candidates who tend to job hop, meaning change company every 12-18 months, have higher salary expectations than those who work long for one employer. Every hop adds about $500 to their current salary.
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Senior Engineers in Kyiv expect to receive $1000-1500 more than Team Leaders in other cities.
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Product companies refuse to consider job hoppers for their open roles.
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Engaged candidates are ready to lower their salary expectations for a challenging and exciting project.
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Companies are not ready to make unreasonably high offers to candidates. They tend to keep balance between skillset, market and candidate’s expectations.
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Product companies are looking to hire loyal employees with 3-5 years of experience, though such candidates prefer to stay with their current companies. It creates a vicious circle for product companies.
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The level of salaries does not correspond with experience. Candidates with 3-4 years of experience tend to expect $6K. Usually their qualifications do not suffice.
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Most candidates do not have a product mindset. They are motivated by technologies and money.
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Many applicants have an outreach filter: they don’t proceed communication with recruiters who do not reveal salary range.
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Almost all candidates are looking for remote roles or a mix of WFH and office.
To summarise:
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If you think a candidate fits your role, do not hesitate with a job offer. Otherwise, other companies won’t miss the opportunity.
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Expand your search to other countries if you offer remote work. For example, we hired a Frontend Engineer in Spain for less money than in Ukraine even taking into account Spanish taxes.
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Make sure your recruiting team feels valued. The job market is tough and many candidates are closed to offers also due to reduction in 2020.