CIOs Expect Healthy Growth in IT Jobs for Second Quarter of 2013
There's good news on the horizon about IT jobs – good not only for those seeking employment, but also for those who have jobs and want to keep them. The latest Robert Half Technology survey is out, and it shows that IT skills are in high demand in today's job market.
In the survey, which projects IT employment trends for the second quarter of 2013, 14 percent of chief information officers polled said they planned to add more staff to their IT departments in the coming three months. Furthermore, 61 percent said while they weren't adding new positions, they did plan to fill open ones.
A much lower proportion of CIOs surveyed had bad news to report. Only 22 percent said they planned to put their IT hiring plans on hold, and a mere 2 percent are planning reductions in their IT staffs.
"We continue to see strong demand for IT workers as companies increase their investment in technology initiatives, including security, data mining and mobile," said John Reed, senior executive director at Robert Half. "Companies are finding it most challenging to recruit technology professionals in specialties such as network administration and database management."
This growth in the IT sector comes amid the general sluggishness in the U.S. economy. The nationwide unemployment rate has been unbelievably stagnant in recent months – since the beginning of 2012, unemployment hasn't budged higher than 8.3 percent or lower than 7.8, according to the Bureau of Labor Statistics.
The Federal Reserve has made employment a top priority, but so far its initiatives have been largely unsuccessful, the New York Times reports. The plan was to keep interest rates low and stimulate economic growth by buying up the safest assets, but while the Fed has been effective at driving market growth, it's done little for jobs.
"The Federal Reserve has done a good job stimulating financial conditions and lifting the market," said Ethan Harris of Bank of America Merrill Lynch. "It's been less successful in stimulating job growth."
The tech sector, though, has been remarkably strong. Robert Half reported that 89 percent of CIOs are "somewhat" or "very" confident in their companies' prospects for growth in the upcoming quarter, and 72 percent expressed confidence that their firms would invest in IT projects.
For those with the required training and qualifications, now's a good time to be in the market for IT jobs. The rest of the nation is struggling to keep up.