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Troubling Times for Today's Workforce

By Dennis McCafferty on 2011-11-17


The turbulent economy is taking a toll on worker confidence – and IT professionals are far from immune. Recent surveys from Technisource and Glassdoor reveal that employees are growing increasingly pessimistic about career prospects as the impression that a sustained rebound remains elusive lingers. The latest Technisource IT Employee Confidence Index score has dipped below the 50 mark, for example, and very few tech professionals feel that the economy is getting any better. Meanwhile, Glassdoor reports that U.S. employees are “on edge” with a significant share of workers concluding that the economy will lead to either a stalled out career or even a lost job. "Employee confidence in the job market and compensation levels appears to be at a pause, in much the same way the economy is stuck between growth and contraction right now," says Rusty Rueff, a Glassdoor career and workplace expert. “Employees and job seekers are both expressing deep concern that continued market uncertainty will impact hiring and their careers and ability to find jobs in the near future." More than 2,290 adults took part in the Glassdoor survey, for which results may be accessed here. Nearly 260 IT professionals took part in the Technisource survey, which may be accessed here. Here are highlights from both reports:

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47.3 is the latest IT Employee Confidence Index rating from Technisource, down from 56.2 last quarter.

Just 13% of IT professionals think the economy is getting stronger.

56% of IT workers believe there are fewer tech jobs available now.

40% of tech employees are confident in their ability to find a new job, down from 44% last quarter.

61% of IT workers remain confident in the future of their current employer, down from 70% last quarter.

Just 36% of employees expect a pay raise within the next 12 months, according to Glassdoor.

32% of workers are concerned about their colleagues being laid off within the next six months.

80% of unemployed job seekers who feel the economy impacts their career expect it will take longer to find work.

54% of these job seekers think that base-pay offers will be lower when they do find work.

45% of these job seekers say they’ll be more likely to take a job that they’re overqualified for.

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