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

By CIOinsight  |  Posted 03-12-2009

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

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%).

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

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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.

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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.

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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.

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Technological Innovators Have Grown Quickly

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

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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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