Layoffs and hiring freezes are providing access to top talent in a tight labor market, a majority of senior tech executives responding to a CNBC survey say.
That's a dangerous strategy to employ, says Brian Kropp, vice president of human resources research at advisory firm Gartner.
"Not only does it affect the people who now don't have a job they were offered, it also affects all your other employees who are thinking 'If the company does this to someone they went through the trouble of interviewing and hiring, what does that mean for me?'" he said.This tumult in the labor picture presents a unique opportunity, respondents to the survey said.
The need to pay higher wages to get skilled talent was reported by 86% of TEC members. Tech recruiters tell CNBC that despite the headlines, the job market in tech is still hot, withIt's likely that the mix of that compensation will begin to change. A blend of equity and cash has long been the practice for pay packages in tech, according to Nguyen.
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