Financial Services and Software Firms Still Banking on Technology Investments

Demand Remains High for Skilled Information Technology Professionals



Apr 24, 2001, 01:00 ET from TechieGold

    BOSTON, April 23 /PRNewswire Interactive News Release/ --According to a
 recent report released by TechieGold, a leading job placement site for IT
 professionals, the banking, financial services and software sectors are making
 significant investments in technology. As a result, technical candidates for
 these positions are very much in demand, and these sectors accounted for more
 than 37 percent of total jobs posted on TechieGold.com.
     "IT spending continues to be a mission-critical business objective for
 most companies and the demand for skilled IT workers remains significant,"
 explained Glen Froio, Senior Vice President of Operations for TechieGold. "The
 economy has forced companies in all industries to reshape and recharge their
 IT agendas, and in the months to come we're likely to see a shift back to IT
 development initiatives."
     In the first quarter of 2001, the TechieGold network of IT staffing
 agencies saw an increase in overall software development placements as well as
 an increase in the average salary for titles within this industry. According
 to the TechieGold Salary Report, the highest salary increases were for titles
 including Embedded Software Engineer, with average increase of about 21
 percent. In other fields, Perl/PHP Programmers also saw an average increase of
 about 21 percent, and Unix Administrators rose nearly 16 percent.
     The supply/demand imbalance will continue to work in candidates' favor: A
 recent report by the Information Technology Association of America predicts
 that employers will need to fill 900,000 IT jobs this year, and will only be
 able to fill half of them. E-commerce, application servers, and network
 security are the major areas of concern for most industries and will continue
 to be targeted areas of infrastructure-related investments over the next
 several years.
     Recent reports by TechieGold support this theory, as of March 2001, 30
 percent of jobs posted to TechieGold.com were for Network Architects and
 Administrators, who remain in demand across all geographical markets. Internet
 professionals are also in demand, accounting for 10 percent of TechieGold's
 total postings.
     Headquartered in Boston, TechieGold is the complete career management
 solution for IT professionals. TechieGold combines the power of the Internet
 with a nationwide network of career counselors to successfully place
 candidates in the most lucrative and rewarding IT jobs available. The
 TechieGold network operates offices in major technology markets including
 Atlanta, Boston, Chicago, Denver, Dallas, Los Angeles, New York, Orange
 County, CA, Philadelphia, Phoenix, Seattle, San Francisco, San Jose, and
 Washington, DC.
 
      Contact Information:
      Tracy E. Murphy
      Manager of Corporate Communications
      617.267.4700
      Tracy.Murphy@TechieGold.com
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X82443423
 
 

SOURCE TechieGold
    BOSTON, April 23 /PRNewswire Interactive News Release/ --According to a
 recent report released by TechieGold, a leading job placement site for IT
 professionals, the banking, financial services and software sectors are making
 significant investments in technology. As a result, technical candidates for
 these positions are very much in demand, and these sectors accounted for more
 than 37 percent of total jobs posted on TechieGold.com.
     "IT spending continues to be a mission-critical business objective for
 most companies and the demand for skilled IT workers remains significant,"
 explained Glen Froio, Senior Vice President of Operations for TechieGold. "The
 economy has forced companies in all industries to reshape and recharge their
 IT agendas, and in the months to come we're likely to see a shift back to IT
 development initiatives."
     In the first quarter of 2001, the TechieGold network of IT staffing
 agencies saw an increase in overall software development placements as well as
 an increase in the average salary for titles within this industry. According
 to the TechieGold Salary Report, the highest salary increases were for titles
 including Embedded Software Engineer, with average increase of about 21
 percent. In other fields, Perl/PHP Programmers also saw an average increase of
 about 21 percent, and Unix Administrators rose nearly 16 percent.
     The supply/demand imbalance will continue to work in candidates' favor: A
 recent report by the Information Technology Association of America predicts
 that employers will need to fill 900,000 IT jobs this year, and will only be
 able to fill half of them. E-commerce, application servers, and network
 security are the major areas of concern for most industries and will continue
 to be targeted areas of infrastructure-related investments over the next
 several years.
     Recent reports by TechieGold support this theory, as of March 2001, 30
 percent of jobs posted to TechieGold.com were for Network Architects and
 Administrators, who remain in demand across all geographical markets. Internet
 professionals are also in demand, accounting for 10 percent of TechieGold's
 total postings.
     Headquartered in Boston, TechieGold is the complete career management
 solution for IT professionals. TechieGold combines the power of the Internet
 with a nationwide network of career counselors to successfully place
 candidates in the most lucrative and rewarding IT jobs available. The
 TechieGold network operates offices in major technology markets including
 Atlanta, Boston, Chicago, Denver, Dallas, Los Angeles, New York, Orange
 County, CA, Philadelphia, Phoenix, Seattle, San Francisco, San Jose, and
 Washington, DC.
 
      Contact Information:
      Tracy E. Murphy
      Manager of Corporate Communications
      617.267.4700
      Tracy.Murphy@TechieGold.com
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X82443423
 
 SOURCE  TechieGold