While the offshoring of American jobs has
generated considerable concern in recent years, the truth is, back in
the states the IT industry is making a steady comeback - JobJournal
Some positive trends:
- More people than ever are employed in
information technology, according to an analysis by InformationWeek
magazine. The publication calculated that 3.47 million IT workers
were employed through the end of the first quarter – about 17,000
more than the fourth quarter of 2005.
- Tech job board Dice.com
reports the tech job market "continues to thrive" as
postings on Dice through April rose 31 percent over the past year to
- Tech-sector job cuts announced in the
first quarter were 40 percent lower than the same quarter a year
ago. It was the fourth consecutive quarter in which tech cuts were
below the previous year’s level, according to a tech-sector report
by outplacement consultants Challenger, Gray & Christmas, Inc.
- Industry trade group AeA reports that
high-tech companies in the US added 61,000 more jobs than they cut
last year – the first such growth since 2000.
- California maintains its title as tech
employment capital of the US. California continues to offer more
jobs (904,920) and better pay (averaging $90,554 annually) than any
other state, according to AeA.
- In a quarterly survey by the tech
industry trade publication CIO Magazine, 26.3 percent of
chief information officers said IT labor was hard to find and keep
– double the 13 percent of CIOs who said the same thing a year
- Will the technical employment comeback
continue? Judging by the big boost in venture capital funding in
2005, California can expect further solid job growth, according to
AeA. Investors poured $10.4 billion into California firms in 2005,
up from $10 billion in 2004 and $8.3 billion in 2003.
Nearly half (43 percent) of the job cuts
this year in all sectors resulted from mergers, and 88 percent of those
merger cuts occurred in telecommunications.
While the numbers are encouraging for
high-tech workers, a survey of members of the Society for Information
Management found employers also want applicants with entrepreneurial and
business skills. Based on interviews with 96 SIM members, all of them IT
managers at firms ranging from small companies to multinational
enterprises, the study found that business skills accounted for five of
the ten attributes organizations want from staffers in the next three