It’s 1999 all over again for at least some in-demand job candidates and employees: those with IT expertise. While the nationwide unemployment rate continues to hover around 9%, tech-sector unemployment is running at 3.3%. That means almost everyone in the field who wants a job already has one—and that companies looking to lure candidates are offering unusually generous inducements and perks.
Recruiters in San Francisco and San Jose are dangling signing bonuses of up to $50,000, on-site haircuts and car washes, plus medical and dental care at the office. Pot-sweeteners include incentive bonuses equal to 70% of base salary at some companies.
Who’s benefiting from the largesse? Cloud computing engineers, data security experts, mobile app developers and tech sales people.