IT Workers Confident In The Economy, Job Market, Yet Concerned In Personal Ability To Find Jobs
BOSTON, Feb. 19, 2013 /PRNewswire/ -- The IT Employee Confidence Index, a measure of overall confidence among U.S. technology workers, declined slightly by 1.0 point to 55.8 in the fourth quarter of 2012. Despite the small dip in the IT index, the overall level of confidence among IT workers remains high and reflects the strength of the sector as we enter 2013. Most measures of the index reflect little change, with the exception of workers' confidence in their ability to find a new job—which significantly declined this quarter. This online survey, conducted in October, November and December of 2012 by Harris Interactive on behalf of Randstad Technologies, included 275 U.S. employees in the technology industry.
"Technology workers remain one of the most confident when it comes to job availability, the future strength of the economy and their current employer," said Bob Dickey, EVP of Technologies at Randstad U.S. "For instance, we are seeing great demand for emerging technologies within the third platform, which includes cloud computing, social technologies, big data analytics and mobility. These positions require niche skills and cutting-edge technology experience. Another high-growth area that we are seeing within the technology industry is software developers, especially candidates proficient in the main programming languages, such as Java and .Net. The occupation has produced the most jobs post-recession, adding 70,872 jobs since 2010. The Bureau of Labor Statistics expects a 30 percent increase in the number of software developers by 2020. However, we did find declining confidence in their ability to find a new job, which may reflect the growing competitiveness within the technology sector. Even amid a shortage of IT workers to fill available jobs, employers are seeking a unique combination of soft and hard skills and experience in particularly high-demand industries."
IT Worker Confidence in the Economy Rises Slightly
- Technology professionals' confidence in the overall economy rose slightly by one percentage point this quarter, with 34 percent believing the economy is getting stronger. At the same time, a similar percentage (35 percent), say the economy is getting weaker.
- Nearly three-in-ten (29 percent) IT workers say more jobs are available this quarter, compared to 27 percent in third quarter 2012. Less than half (46 percent) of respondents believe that fewer jobs are now available.
- Dropping 11 percentage points this quarter, 44 percent of IT workers reported feeling confident in their ability to find a new job compared to 55 percent the previous quarter.
- The majority (74 percent) of IT workers report it is not likely they will lose their job in the next 12 months, representing a five percentage point increase from last quarter. A mere 12 percent indicate it will be likely they will lose their job within the next 12 months.
- A third of technology workers (33 percent) are likely to look for a new job in the next year versus 34 percent who were likely in the previous quarter.
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