It has gone from “the great resignation” to a new stage: “the great renegotiation”
Generation Z values career development at a faster pace over a traditional career path.
Ironhack, the leading technology training school, has announced its top five technology predictions for 2023. Its learning bootcamps in different formats allow students to find relevant career paths in web development, UX/UI design, data analysis and cybersecurity, and the experts responsible for Ironhack courses have compiled their top technology predictions for this year.
1. Don’t be discouraged by the news of layoffs in the technology sector: digital skills are still in demand
Recent news has been dominated by layoffs and hiring freezes in the tech sector. The reality is that the digital sector will continue to face a skills gap far greater than the redundancy crisis. José Maria Garrett, Global Outcomes Lead at Ironhack, explains:
“Demand for digital skills from companies in the technology sector has not diminished in the last quarter of 2022. Even in a more risk-averse economic environment, technology employment continues to increasing because of that demand for skills. Actually, the biggest change we’re seeing is that middle and senior talent profiles are changing jobs less frequently versus the anomalous behavior we saw during and immediately after COVID. We’ve gone from ” the great resignation” to a new stage: “the great renegotiation”.
“This is a great time for young talent to take advantage of the development of new skills and enter the technology sector within more traditional industries that have a higher demand for those digital skills. It is also an opportunity for large companies and SMEs acquire great talent that they might not otherwise have had available to them while working at larger tech companies.”
2. Generalists vs. specialists change in technology organizations
Felipe Rocha, Principal Professor of Data Analysis at Ironhack, explains the shift from specialists to generalists. “The job market is changing and now we can see generalist profiles thrive as data experts. The broad range of knowledge Ironhack equips students with enhances their ability to make connections that specialists couldn’t. Having a professional capable of ” wearing different hats” and navigating the vast world of data can be a big win, especially for smaller companies and tech teams.”
Gabriel Pizzolante, UK Growth Marketer at Ironhack, adds:
“At Ironhack our bootcamps prepare people for a wide range of skills within their chosen field, making it easy to become a more general practitioner with the option to specialize if that’s what they need in the future.For example, our Web Development bootcamp equips them with a full-stack development skill set that can then be geared towards front-end or back-end in any industry of their choice. Our UX/UI Design bootcamp provides concepts and frameworks of user experience, user interface, and front-end development fundamentals. These can be used in a multitude of roles as the Ironhack graduate finds opportunities and gains more experience.”
3. The demand for bootcamps will increase exponentially, not only among career changers, but also among school dropouts
Vocational training bootcamps like Ironhack have always been a great alternative for career changers to launch a new career on a very short notice. The intensity and level of commitment required offer an effective alternative to having to go back to university to pursue a dream.
“While we’re very focused on career changers, we’re starting to see more applicants dropping out of college because it wasn’t the right fit for them. What we’re seeing is Gen Z taking a new approach to education. They value professional development at a faster pace over a traditional career path By 2023, we expect more youth to drop out of school and take bootcamps as a quick alternative in just nine weeks, rather than taking years to complete Study a university degree.”
4. Employers will prioritize spending on upskilling early-career professionals and retraining existing teams over hiring more experienced tech professionals
Over the past decade, more experienced tech professionals have been in high demand, making it difficult to retain them. With changing market conditions, we predict that more and more companies will focus on investing in their existing teams to develop them internally, build loyalty, and retain them longer. With the right infrastructure in place, more company employees will be able to shift their career paths to technical roles, and there will be more opportunities for bootcamp graduates to get the development they need within a technology company.
When it comes to reskilling, according to Jan Molendijk, head professor of data analytics at Ironhack,
“In today’s super-competitive job market with ‘silent resignations’ and not-so-silent resignations, employers don’t have more. The only remedy is to use the potential that they already have in their workforce. It is easier and cheaper to retrain employees who are proficient professionals in a newer technology than it is to find new people who have recently been trained in that new technology. The big advantage is that these people already they speak the language of the company. And this is also an advantage for the employees, who not only keep their job, but also gain valuable new skills, knowledge and experience.”
5. The design of energy efficient technologies will become more popular
The world is facing an energy crisis that affects not only Spain but most countries in the world. Saving energy is increasingly a priority. Therefore, the use of technology must also be taken into account. According to those responsible for the Ironhack course, developers are becoming wiser when it comes to creating and optimizing code that does not consume high levels of energy on everyday or low-powered devices.
Mathieu Subin, Senior Lecturer in Web Development at Ironhack, comments:
“The way code is being optimized for use is more like old technologies, like we would see in cartridge games decades ago. This can result in to new patterns and/or design paradigms”.