06Jun

After a booming phase during the height of the Covid-19 pandemic, the tech industry is currently facing a trend of mass layoffs. Companies such as Microsoft and Google have cut thousands of positions in the last few months. In an effort to prepare for a darker economy, there are new layoff announcements emerging from Big Tech every day. Since the start of 2022, over 200,000 tech jobs have been lost. 

Tech jobs remain strong

While the recent layoffs at Spotify, Meta, and Amazon might seem daunting for those working in the industry, this isn’t to say tech opportunities are fading.

“Technology reaches far beyond the big names and is needed in almost every other field. These companies over-hired during COVID, and even with the layoffs, they are still larger than they were pre-pandemic. The IT workforce remains strong,” said Matt Schirano, a newly named Partner leading the Information Technology practice area at Green Key Resources. “Healthcare, finance, hospitality, retail, and other industries all require tech professionals to aid in their online presence and digital platforms.” 

So, despite these layoffs in the tech sector, tech skills will still be sought-after throughout 2023. ZipRecruiter mentions that employees are finding new positions quicker than expected, often in different industries.

They say, “Tech skills are in high demand across the economy, with government agencies, aerospace companies, health systems, and retailers frequently noting shortages of software engineers, cybersecurity professionals, data analysts, and web designers. Had tech companies continued growing at the breakneck 2020-2021 pace, they would have monopolized U.S. tech talent and made it impossible for employers in non-tech industries to hire tech talent. Now, other industries may stand a chance.” 

Opportunities in tech recruiting

This is also a great sign for the staffing industry. Tech recruiters will be able to reassure their candidates that their job opportunities are not diminishing this year. Every company nowadays is, in a sense, a technology company. Positions in coding, data, and AI are always going to be in demand.

The New York Times elaborates, “A lot of traditional industries need tech employees, so this is an opportunity for those companies to scoop up talent. The health care industry, the federal government, private companies in retail or manufacturing — all of them need engineers and other people with high-tech skills. What is Google’s loss could be Walmart’s gain.” 

If you’re seeking a new move within your tech career, the Information Technology team at Green Key is ready to help lead you in that direction. Browse our open jobs or connect with us on LinkedIn to start a conversation and work with our talented tech recruiters. 

Affective Computing Is Making AI More Human

One of the leading trends in IT that not even many technologists know much about is “affective computing.” It’s adding EQ to AI’s IQ,

The idea of computers that can engage and effect human emotions is as old as the first sci fi robots. A more modern example are video games that immerse players in environments designed to trigger a variety of emotions.

Today’s affective computing seeks to recognize human emotion and respond to it, not simply to evoke it. At MIT’s Media Lab, the mission of the affective computing group is to “bridge the gap between human emotions and computational technology.” The goal is to develop “new software tools to help people gather, communicate, and express emotional information and to better manage and understand the ways emotion impacts health, social interaction, learning, memory, and behavior.”

These are no mere high-minded aspirational hopes. Tools like these already exist, and not just in the lab. Many models of cars come equipped with sensors that detect drowsiness, warning the driver and urging them to take a break. At New York’s Fashion Week in September “Experience Management” technology analyzed attendees to customize drinks and fragrances just for them. McDonald’s is using technology to tailor drive-thru menu features based on weather, trending items and what the current restaurant traffic is like.

Deloitte report says uses like these are just the beginning: “Using data and human-centered design (HCD) techniques — and technologies currently being used in neurological research to better understand human needs — affective systems will be able to recognize a system user’s emotional state and the context behind it, and then respond appropriately.”

Human experience platforms employ a range of AI technologies like sentiment analysis, eye tracking, facial recognition and natural language processing to recognize and understand human emotion and, most significantly, respond to it in a natural, human-like way.

Deloitte gives us a practical example of how this could work:

“Imagine if you could walk into [a clothing retailer] and a bot appearing on the screen recognizes you and addresses you by name. This bot has been observing you walk around the store and has identified jackets you might love based on your mood today and your purchasing history. In this moment, technology engages you as an individual, and as a result, you experience this store in a very different, more human way. AI and affective technologies have scaled an experience with very human-like qualities to encompass an entire business environment.”

Each of these capabilities exists now in some form. Assembling them into an experience platform isn’t far off. Deloitte found that companies focusing on the human experience are already twice as likely to outperform their peers. They grow revenue 17 times faster than competitors that do not focus the human experience.

“The ability to leverage emotionally intelligent platforms to recognize and use emotional data at scale,” Deloitte predicts, “Will be one of the biggest, most important opportunities for companies going forward.”

Image: Deloitte Insights

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Apr 5, 2024

Navigating Quarterly Reviews with Confidence

As the end of the first quarter draws near, employees across the board are gearing up for their quarterly performance reviews. Quarterly reviews offer a valuable opportunity for both employees and managers to reflect on accomplishments, identify areas for improvement, and set goals for the upcoming quarter. In this article, we’ll explore the purpose of quarterly reviews and the benefits of quarterly reviews.

The Purpose of Quarterly Reviews

According to YourLeadershipEvolution.com, “A quarterly performance review aims to examine individuals, their goals, skills, and performance to inspire development and improvement in their work. Without the review of self, workers can become stagnant and fail to aim for higher things. To develop leaders, as all leaders should be trying to do, it is essential to review performance regularly.”

Benefits of Quarterly Reviews

Indeed notes, “Quarterly reviews might seem like a lot of work, especially if you’re used to annual reviews, but they can benefit you and your employees in many ways.” They went further to list a few benefits of quarterly reviews. See below for a few of the mentioned benefits:

Better Recall: It’s sometimes difficult to remember what you did last week, so trying to think back to how your employees performed last year can be challenging. Also, a recent success or struggle can overshadow everything else the employee did in the last year since that’s the most current and memorable event…”

Faster correction: If an employee’s performance isn’t adequate, waiting a year to address it can make the situation worse. Quarterly reviews make it easier to catch and address the issue quickly.”

“Frequent check-ins on issues: Once you identify an issue, quarterly reviews let you touch base on improvements regularly. You can verify that the employee is following the plan you create to correct the issue and make adjustments if necessary.”

“Improved goal-setting: Setting goals is an effective way to help your employees improve their performance. With quarterly reviews, you can check in on goal progress, adjust goals and set new goals more effectively.”

“Decreased compensation focus: Annual reviews are often tied to raises, which can be distracting for employees. They care more about whether they’re getting a raise and how much they’re getting than what you think of their performance. Quarterly reviews focus more on performance and regular improvement than on compensation.”

“Relaxed and informal: One major annual review can make employees nervous. They’re often one-sided and formal. Quarterly reviews take more of a check-in approach with two-way conversations. The more relaxed vibe of a quarterly review might help employees be more open.”

Quarterly reviews serve as essential checkpoints in the professional journey, providing employees and employers alike with a structured opportunity to reflect, assess, and plan for the future. Embracing this process with enthusiasm and dedication not only empowers individuals to reach their full potential but also drives organizational success in the long run.