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IT Management Slideshow:
6 Ways the Current Recession is Better for IT Than the Last One



The Great Recession, as some are calling it, is different in some important ways from previous economic downturns. Tom Silver, Chief Marketing Officer of Dice.com, looks at key differences for technology workers.


Slideshow Archive
Slideshow Archive
 
  • Technology Employment More Resilient than General Employment

    Peak unemployment among technology workers (6.5%) was higher than the national average (6.3%) during the last decline. Today, those numbers have reversed: national rate (8.1%), technology industry (5.4%).

  • More IT Jobs Are Available

    The number of IT Job postings is 2.7 times higher now on Dice.com than at the low-point of the last recession. Opportunities exist for those pursuing a career in technology at all levels of experience.

  • Information Technology has become Business Technology.

    Seven of the top 10 paying jobs in the industry require skills aimed at providing enterprises with better real-time intelligence Business skills like financial analysis, requirements planning and communication may be keys to long-term success.

  • Salaries Are Up

    Average technology salaries declined slightly in 2002 to $67,900. Today, the average salary is $78,035, an increase of 5% versus last year. Today many technology professionals are seen as core assets where they work.

  • Technological Innovators Have Grown Quickly

    Google had 284 employees at the end of 2001, today that number is more than 10,000.

  • New Technologies Help Define Opportunities

    Last time around, virtualization was not a data center staple, and clouds only made rain. Technology continues to create jobs in new areas.

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