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IT Jobs: Is Employee Confidence Declining?

By Dennis McCafferty on 2011-06-07


You may be anticipating the need to ramp-up your IT employee recruitment and retention efforts in light of an expected and sustained economic recovery. After all, when prospects for tech jobs improve, employees naturally want to check out their worth on the free market. The Great Recession has kept many workers from pursuing new opportunities in part because the opportunities simply weren't there. That said, all economic turnarounds have their ups and downs, and a recent survey from Technisource indicates that confidence levels among technology professionals are experiencing a bit of a setback. For example, fewer tech professionals polled in Q1 2011 said they felt optimistic that the economy is improving compared with Q4 2010. Significantly more respondents in Q1 2011 said they expected to lose their jobs within the year, compared with those who had the same expectation in Q4 2010. On the optimistic side, these workers do feel that there are more tech job opportunities available than there were in 2010. So don’t entirely ditch those recruitment and retention plans. "Employers really need to evaluate how committed their top talent is to their organization, and if they are equipping them with some of the things they value to keep them around,” says Michael Winwood, president of Technisource. “Talent will be a key differentiator as the economy recovers, as companies continue with plans for new technology implementations, software migrations and other long-overdue projects throughout the year." The report also sheds light on workplace differences among generations and genders on these topics. Some 205 IT professionals responded to the survey.

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56.3

56.3 is the overall confidence index among respondents in Q1 2011, down nearly 2 points from 4Q 2010.

33 percent

33 percent of respondents in Q1 2011 feel the economy is getting stronger, down from 37 percent in Q4 2010.

55 percent

55 percent of respondents under age 35 polled in Q1 2011 feel the economy is getting stronger, compared to just 17 percent of those age 35 to 44 who feel the same way.

32 percent

32 percent of male respondents in Q1 2011 think the economy is getting weaker, compared to just 21 percent of females who feel the same way.

21 percent

21 percent of respondents in Q1 2011 believe there are more jobs available now than in the recent past, up from 18 percent in Q4 2010.

64 percent

64 percent of respondents in Q1 2011 say they’re confident in the future of their current employer, down from 68 percent in Q4 2010.

18 percent

18 percent of respondents in Q1 2011 believe it’s likely they’ll lose their jobs in the next year, up from 8 percent in Q4 2010.

44 percent

44 percent of respondents age 45 to 54 express confidence in their ability to find a new job, compared to 53 percent of those under age 35 who feel the same way.

70 percent

70 percent of female respondents feel confident in their ability to find a new job, compared to just 39 percent of male respondents.

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