Concerns Over Economy, IT Worker Confidence Dips
Editor’s Note: Though the economy globally is not doing well, it has long been thought the IT industry was the last bastion as a safe haven. Apparently, that thought is going to be tested, especially in the United States…
BOSTON, July 24, 2012 /PRNewswire/ – The IT Employee Confidence Index, a measure of overall confidence among U.S. technology workers, declined to 51.7 in the second quarter of 2012, after peaking last wave at 58.8—its highest level in the last 4-1/2 years.
This decline mirrors other quarterly decreases seen across other industry sectors surveyed by Randstad, including healthcare, finance and accounting and engineering.
The number of technology workers indicating that the economy is getting stronger dropped by nearly 50% in the 2nd quarter of 2012.
Additionally, IT workers indicating that more jobs are available dipped by 13% points.
However, technology workers continue to remain optimistic about their personal ability to find a new job and in their own job security.
“The decline in overall confidence levels of IT workers aligns with other recent U.S. news reports pointing to a slowdown in job creation.There is no doubt that technology workers are exercising caution when it comes to their sentiments around the economy,” said Bob Dickey, EVP of Technologies at Randstad U.S.“However, when it comes to technology, skilled talent will always remain in high-demand and short supply.We are seeing software and user interface developers, as well as business system and EPIC analysts, continue to have their pick and choose of jobs right now.The long-term outlook for tech workers remains promising as the tech/telecom, financial activities, and healthcare sectors remain strong and employers pursue more aggressive project implementations—thus increasing the need for technology-related compliance solutions.Additionally, with the fast rate of technological advances, workers in this industry will benefit from, and should consider, contract or project assignments to remain marketable.In fact, hiring managers and HR executives are more inclined to utilize contingent labor than in years past, with technology temporary staffing projected to have the highest growth percentage increase out of all other industry segments at 12% from 2012 to 2013, according to Staffing Industry Analysts.”
Q2, 2012 Survey Highlights
IT Worker Confidence in the Economy Sharply Declines
Technology professionals’ confidence in the overall economy declined in the second quarter of 2012, with only 23% believing the economy is getting stronger, a 17% point drop from last quarter. In fact, the same amount of workers (40%) who believed the economy is gaining strength, now believes the economy is weakening.
More Than Half of IT Workers Believe Fewer Jobs are Available
53% of respondents believe that fewer IT jobs are now available, while only 19% believe there are more available jobs.
Tech Workers Remain Optimistic About their Employability
44% of IT workers reported feeling confident in their ability to find a new job — a 2% point increase from the previous quarter.
IT Workers Remain Very Confident in their Own Job Security
More than 71% of IT workers reported that it is not likely they will lose their job in the next 12 months. This is up 4 percentage points from the first quarter of 2012.
Workers Hesitant to Job Hunt
Fewer technology workers, 29%, are likely to look for new jobs compared to last quarter (41%).
This survey was conducted online within the United States by Harris Interactive on behalf of Randstad Technologies and Technisource from April 10-12, May 16-18, and June 11-13, 2012, among 3,790 adults ages 18 and older of which 223 are employed in IT.
This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.
For complete survey methodology, including weighting variables, please contact [email protected].
Survey Background Information
IT Techonology versus HRIS, HRMS, HCM, and HR Technology Jobs
Editor’s note: This is not part of the press release.
Pulling the latest information from our own database, this is what we are seeing in comparison to IT Technology…
We’re not going to make an analysis, we believe you already have a good handle on what you are seeing.
About Randstad Technologies
Randstad Technologies has been connecting top companies around the globe with the expert technology talent and solutions that drives their success since 1984.
Our deep industry expertise and full-service capabilities—Recruitment, Consulting, Projects, and Outsourcing—enable organizations to be agile, productive and ahead in the field with their wide network of specialists and flexible solutions.
For more information, visit www.randstadtechnologies.com.
Technisource, one of the largest technology talent and services providers in North America, provides a comprehensive suite of technology services including consulting, project and outsourced services to Fortune 500 corporations, mid-sized companies and small organizations. With nearly 40 years of experience, Technisource maintains a group of experienced consultants to provide services through its network of more than 50 offices across the U.S.
Technisource is now a part of Randstad.
For more information, please visit www.technisource.com.
Randstad is a $22.5 billion global provider of HR services and the second largest staffing organization in the world.
From temporary staffing to permanent placement to inhouse, professionals, search & selection, and HR Solutions, Randstad holds top positions around the world and has approximately 28,700 corporate employees working from its nearly 4,700 branches and inhouse locations in 40 countries.
Founded in 1960 and headquartered in Diemen, the Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam.
Learn more at www.randstad.com.
SOURCE Randstad Technologies
Web Site: http://www.randstadtechnologies.com
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