Product, data & design half year recruitment market update
2016 has seen a notable change in the product, data and design recruitment market, with startups adopting a more pragmatic approach to hiring, concentrating on filling the roles they absolutely need to fill.
However, despite this shift in approach, companies in most industries continued to hire steadily across the three functions.
“Even though startups are taking a more pragmatic approach to hiring, the volume of roles remains steady,” said Renee Signore, manager of product, data and design recruitment at Robert Walters.
“Hiring activity across the three functions remained healthy throughout the first half of 2016, which we expect to continue into the second half of the year," continued Renee.
Key skills in demand
Demand for design talent among startups continues to outweigh supply, especially for mobile UX and product design skill sets, and this is expected to continue in the second half of the year.
"Demand for design talent among startups continues to outweigh supply, especially for mobile UX and product design skill sets"
As a result, the design recruitment market is more competitive than ever. To secure the best talent, startups often have to move quickly once engaged with a promising candidate, especially if that designer is active on the job market.
We have seen some design hires take place within a time frame of as little as two weeks from start to finish, in response to the competitiveness of the market.
Access to funding driving hiring for some businesses
Recruitment activity has generally been lower for Series A consumer startups, which are having a difficult time raising their next round of funding. With venture capitalists now placing a greater emphasis on revenue rather than just pure growth when making funding decisions, consumer startups that had previously depended on growth numbers to secure funding are struggling.
For that same reason, enterprise startups are thriving as they are able to demonstrate the revenue streams VCs are looking for and, as a result, are hiring across functions.
Outlook for the second half of 2016
Among tech professionals and hiring companies there is positive sentiment for the remainder of 2016. While there has undoubtedly been a change in the market compared to previous years, most feel the changes are necessary in order to stabilize the market.
“Funding is still being distributed daily and recruitment activity remains high which are good indicators that the second half of 2016 will remain healthy,” continued Renee.
For more information, please contact:
Renee Signore, Manager (Product, Data & Design)
T: +1 415 549 2004
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