Before the full release of the iGB-Pentasia Salary Survey’s report on sector pay and expanding markets, Brooke Petersen explores changing employee demands, shifts in industry sentiment, and succession planning considerations.
### Strong Demand for Senior and Mid-Level Talent
High demand persists for senior and mid-level positions, especially for roles like product managers, developers, and data analysts. Companies are prioritizing skills that propel product innovation and advancement. Additionally, roles such as business development managers (BDMs) and directors are highly sought after for their niche expertise and strategic leadership, which are essential for navigating market complexities and growth opportunities.
**Note:** While salary increases have decelerated, mid- to senior-level roles continue to command significant salaries, reflecting their value in the industry.
### Slowing Salary Growth
Despite a general slowdown in salary growth, organizations continue to offer lucrative pay for mid- to senior-level roles, acknowledging the worth of experience. However, less flexibility is observed for junior roles, according to the iGB-Pentasia Salary Survey. This suggests a market that appreciates expertise while being cautious about overall cost increases, ensuring sustainable operations while still attracting skilled talent.
### Decline in Fully Remote Roles
Hybrid work has become the standard, with fully remote positions becoming rarer outside of tech and data-related fields. While tech candidates favor fully remote work, other departments are transitioning to hybrid models that require some office presence. Companies requiring full-time office attendance face challenges in attracting talent, emphasizing a prevailing preference for flexible work options.
### Cautious Hiring with Extended Processes
Companies are approaching hiring with increased caution, resulting in longer recruitment processes. This trend is driven by tighter budgets and careful post-pandemic strategies, potentially affecting talent acquisition as businesses strive to align with long-term objectives and manage succession planning challenges.
### High Demand for Data and Tech Talent
The appetite for data and tech roles remains robust, particularly for frontend developers, BI developers, and data scientists. Skills in areas such as web3, cryptocurrency, and data algorithms are highly desirable. As the convergence of cryptocurrency and gaming becomes more significant, companies are seeking talent capable of merging technology with emerging market trends, fostering innovation and competitive advantages.
### Challenges in Retention and Succession
Succession planning and talent retention pose significant challenges for igaming companies, which struggle to maintain leadership stability and keep top talent motivated. Effective management of human capital is crucial to navigating these complexities and ensuring that companies can adapt and grow sustainably.
To address these issues, many businesses are partnering with human capital experts like Conexus Human Capital. They offer specialized services such as talent strategy consulting, organizational design, and executive coaching. These services aid organizations in establishing clear pathways for leadership development and creating an attractive work environment that nurtures and retains high-caliber talent, positioning them for long-term success.
For more insights, read Alastair Cleland’s introduction to the iGB-Pentasia Salary Survey 2024. Make sure to revisit tomorrow as we delve into Diversity, Equity, and Inclusion (DEI) and highlight the most dynamic hiring markets across the globe.
