How Safe is Your IT Job?
IT employment is hitting record highs. Can the wave last as economic uncertainty looms? While the latest government job figures spelled bad news for the U.S. workforce, but have no fear, IT pros: your bunch has grown bigger than ever.
CIO Insight's analysis of second-quarter job data from the U.S. Department of Labor's Bureau of Labor Statistics finds the IT workforce topping 4 million for the first time, while unemployment sits near record lows.
Pretty strange, eh? A few months back, we polled IT executives about their spending plans for the year. At the time, economic uncertainty was truly sinking in, and some of us expected some rather dire predictions. And when times get tough, job security gets tougher to maintain.
But not so, apparently.
Our survey found that the percentage of IT budgets devoted to staffing dropped ever so slightly from last year, from 33 percent to 32 percent.
In the same study, IT execs ranked cutting IT staff rather low as a money-saver. Fifty percent of respondents or more pointed to infrastructure consolidation, virtualization and replacing legacy systems well above reducing staff, which was cited by only 11 percent.
Sure, that was a few months ago, and impressions can change overnight. (Not to mention that firms, including Forrester Research have downgraded their IT spending forecasts for the year.
What's the story at your company? Any staff reductions? Or are you hiring? Tell us what's happening.