Desire For New Hires In Blockchain And Crypto Space Starts To Decline, But Interest Remains “Strong”
Since the cryptocurrency market began, the interest has continued to grow in one way or another. With the growing involvement from the public, crypto platforms have found it necessary to hire additional workers to help them keep up with the performance that investors have required. However, new data from Indeed.com, one of the largest job sites, shows that these positions have begun to drop.
The data, provided to CoinDesk, covers the time period from October 2017 to October 2018. Based on the new positions involved with Bitcoin, blockchain technology, and cryptocurrency, there is a decline of 3.06% in the employers looking to hire in these specialties. However, the interest that employers have in these types of jobs, reflected by job postings, has gone up by 25.49% in the same year.
As Indeed puts it, these statistics are “very different” from the impression that was portrayed last year. From October 2016 to October 2017, the job seeker interest skyrocketed by 481.61%, while the employer interest rose by 325%.
The senior vice president of product with Indeed, Raj Mukherjee, said to CoinDesk,
“While over the last few years Indeed saw a steady rise in job seeker interest for roles related to cryptocurrency, our data shows that job searches for these roles really picked up around the time when the cost of bitcoin was at its highest. Since then job seeker interest has gone down, but still remains strong.”
Glassdoor, another job portal, published a report last month that told a much different story. According to their information, they saw a 300% increase in the job openings pertaining to blockchain technology from August 2017 to August 2018. In these positions, the salary rose by 61.8%, making it $84,884 annually.