Confidence of IT Workers Increases Five Points in Second Quarter Labor shortage exists in key areas such as data architecture
BOSTON, July 30, 2013 /PRNewswire/ -- IT workers were more optimistic in the second quarter of 2013, according to the Randstad Technologies IT Employee Confidence Index, which increased five points from the previous quarter to 53.6 in the second quarter. Despite greater signs of optimism about the workplace and the economy, IT workers' confidence trailed the national index, which measures confidence of workers across a range of industries. The study was conducted online by Harris Interactive on behalf of Randstad Technologies in April, May and June of 2013, among 203 technology industry employees ages 18 and older.
"Given the demand for IT talent, we are not surprised to see an increase in confidence numbers. Information technology teams continue to support organizations in unprecedented ways, and leadership is scrambling to find talent to address important priorities," said Bob Dickey, Executive Vice President of Technologies at Randstad US. "Companies are seeking candidates with much needed skill sets, such as SuccessFactors, Microsoft Dynamics, SQL Server, SAP HANA and Workday. We are also seeing higher demand for candidates with an understanding of service-oriented architecture (SOA), java and data architects. Additionally, when you consider the fact that the big data marketplace is expected to grow to $16.9 billion by 2015 according to the International Data Corporation, the sheer volume of talent needed to address this growth will be huge."
The Index, released by technology talent and solutions provider Randstad Technologies, showed that though IT employees remain leery in the security of their current position (25 percent say it is likely they will lose their current job in the next 12 months), nearly half (47 percent) are confident in their ability to find a new position if needed.
Dickey added that, "While we are seeing some improvement in confidence and in the desire to find a new job, IT workers are often in precarious situations within organizations, working on temporary projects or jumping in to fix problems. As a result, employees may be feeling a level of insecurity around that. The reality is, we are seeing tremendous opportunity for workers with these highly sought-after skills."
IT Worker Confidence in the Economy Increases in Second Quarter
- Technology professionals' confidence in the overall economy increased by three percentage points this quarter, with 30 percent believing the economy is getting stronger. Nearly four-in-ten workers (39 percent) say the economy is getting weaker, a notable decrease from last quarter's 46 percent.
Fewer IT Workers Believe More Jobs are Available this Quarter
- Less than a quarter (22 percent) of IT workers say more jobs are available, compared to 24 percent in the first quarter of 2013. Over four-in-ten (43 percent) workers believe that fewer IT jobs are now available.
Half of Tech Workers Optimistic About Their Employability
- Rising nine percentage points this quarter, nearly half (47 percent) of IT workers reported feeling confident in their ability to find a new job, compared to 38 percent the previous quarter. More than one-quarter (27 percent) are not confident in their ability to find a new job this quarter.
IT Workers' Confidence in Their Job Security Holds Steady
- Nearly six-in-ten (58 percent) IT workers report that it is not likely they will lose their job in the next 12 months, falling one percentage point from the previous quarter.
Over 40 Percent of IT Workers Likely to Job Hunt
- Over one-in-four (43 percent) IT workers are likely to look for a new job in the next year, a difference of three percentage points from the previous quarter (46 percent).
To view the latest quarterly trends report, click here.
This survey was conducted online within the United States by Harris Interactive on behalf of Randstad Technologies from April 1-3, May 7-9 and June 4-6, 2013 among 3,626 adults ages 18 and older, of which 203 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.
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.
About Randstad US
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $22.0 billion global provider of HR services. As the third largest staffing organization in the U.S., Randstad holds top positions in permanent placement, office and administrative, IT and accounting and finance. From professional services, commercial staffing, recruitment process outsourcing, to managed services and more, Randstad delivers a comprehensive range of temporary, temporary-to-hire, permanent placement and outsourced placement services. With its 5,660 employment experts, Randstad puts an average of nearly 100,000 people to work in the U.S. each week, through its network of more than 900 branches and client-dedicated locations.
Learn more at www.randstad.com and access Randstad's panoramic U.S. thought leadership knowledge center through its Workforce360 site that offers valuable insight into the latest economic indicators and HR trends shaping the world of work.
SOURCE Randstad Technologies