The tech industry is rapidly growing in South Florida, and the demand for qualified employees is growing fast. But for many South Florida firms, finding top tech talent is a challenge. Why? As more and more companies are seeking out local IT professionals, the supply of qualified applicants is limited with the lowest unemployment rate in over a decade – which means the IT Job Market is hot in South Florida!
With the growing demand for qualified IT professionals, job seekers need to continuously find ways to set themselves apart. As of May 2018, Florida’s unemployment rate dropped to 3.8% with a reported gain of 180,200 jobs since May 2017. The Miami Herald reported how job fairs are seeing an all-time high in attendance. This means there is a huge opportunity for job seekers looking to start an IT career. And IT training is a cost-effective way to upgrade their skills and advance to a career in this exciting high growth industry.
According to the Bureau of Labor Statistics, employment of computer and information technology occupations is projected to grow 12% from 2014 to 2024, faster than the average for all occupations. What’s more, Glassdoor shared that the average base income for IT professionals in Miami-Fort Lauderdale, FL is $61,135/year, only 1% below the national average. In June 2017, Forbes ranked Software Developers fifth among 2017’s “Fastest-Growing Jobs in America.” And, Florida’s Department of Economic Opportunity projected up to 19% growth in software developer jobs through 2025 and an increase of up to 23% for software developer and engineering jobs just in South Florida. At New Horizons, we are also pleased to share that 70% of skills acquired while in one of our programs is applied on the job within the first 8 weeks.
It is clear the IT field is ever-evolving and continuously growing at a rapid pace. To be marketable, it is important to stay on top of trends to understand what may best suit you and your goals. The United States is the largest tech market in the world, representing 31% of the total, with Miami and Fort Lauderdale ranked among the top 50 U.S. tech talent markets in the country.
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