Executive hiring in the technology sector is undergoing a significant shift. For a period, the global pandemic had relaxed the traditional requirements for technology leaders to be physically present at corporate headquarters, opening up the CIO job market and leading to a surge in tech executive hiring in 2022.
However companies are reevaluating their stance on remote work and are increasingly insisting on “boots on the ground” at their main offices. This change is having a notable impact on the rate of executive hiring in the tech industry.
Why it matters: The shift back to in-person work is more than just a logistical concern as companies are finding that potential hires, who have grown accustomed to the flexibility of remote work, are less willing to relocate. This reluctance is slowing down the overall rate of tech executive hiring and is forcing companies to rethink their hiring strategies, potentially leading to more localized searches and creative solutions.
- Companies are increasingly insisting that CIOs and CTOs be physically present at corporate headquarters, reversing a trend of remote flexibility that had been fueled by the pandemic.
- Potential hires are showing reluctance to give up the flexibility they have enjoyed in recent years, making them less willing to relocate for new opportunities.
- Some companies are adapting by mandating their search firms to start locally, while others are open to creative solutions like partial remote work or frequent commuting, albeit often at the executive’s own expense.