January 23, 2018 | By Lisa Dare, TEKsystems Digital Content Strategist
A.J. Candella’s client, a manager at a bank, had lost three InfoSec analysts in three months. He knew he needed to pay more but HR and Procurement wouldn’t budge.
A.J., a TEKsystems account manager, jumped in to help. She asked our market researcher to pull current data about InfoSec analyst salaries and documented it for her client. Armed with that information, the bank manager convinced the company to raise the salary $10,000.
“Demand is rising so quickly in this space, and the software that companies use to benchmark rates isn’t keeping pace,” explains A.J.
The right data and analysis can also help you plan a budget or make big decisions. For instance, Account Manager Kevin Dillon says he’s often asked to help his clients with their yearly budgeting. “I had a trucking logistics company in the throes of a major tech modernization, and they knew they needed to onboard a lot of Java developers in the next year. I gave them salary and rate expectations, which they were able to present to their boss and say, ‘If we’re going to achieve this, this is the budget we’ll need.’”
Is your tech staffing agency providing insight you can’t get yourself? Not every staffing agency has the resources to provide this level of data analysis, but if you’re working with a staffing partner with deep ties in your market, they should at least be keeping their ear to the ground.
While local market knowledge is the most critical piece of the puzzle, you may be impacted by larger trends. For instance, if you’re looking for talent in a specialized field like ERP, your sourcing strategy may be national. Or you may want to know what issues other companies are facing in their transition to cloud infrastructure.
Kevin Dillon shares how he helped a software development company that was having trouble attracting talent in their region. “They started looking for alternative markets, and wanted to know where the resources were.” Working with our market research team, Kevin determined that Dallas—where the client already had an office—had a lot more of the talent the company needed, and with average salaries they could afford to pay. This was enough to convince the client’s company to build a development center in their existing facility.
Find out about IT budgets, wages and trends in our 2017 IT Forecast.
Can IT recruiters be more than a ‘necessary evil’? Read What you should expect from your IT staffing partner.