Business & Finance
News
5/3/2006
05:12 PM
50%
50%

Tech Pros Worried About Fuel Costs, Job Security

Job confidence was down for tech pros last month, but tech pros are still more confident than workers overall, according to a study from professional staffing firm Hudson.

Tech pros are suffering from gas pains--rising fuel costs and interest rates got techies feeling less secure about their personal finances and jobs in April, according to a new report by professional staffing firm Hudson.

Job confidence among tech pros last month fell 5.1 points to 109.9, compared to a base score of 100. The drop in optimism among techies contradicted what workers in other industries were feeling last month--the overall Hudson composite job confidence index increased 1.5 points to 107.7 points. So while confidence among IT and telecom workers fell last month, as a group they were still more optimistic than workers across all sectors nationally.

Hudson conducts monthly phone surveys with about 9,000 workers in several sectors--including the health care, financial services and banking, and manufacturing industries--as well as with more than 400 IT and telecom pros.

In April, the number of tech workers expecting layoffs and who had concerns about job security increased 1% to 17% and 21%, respectively. Yet despite those worries, outlook about job hiring actually increased 2%, with 34% of tech workers expecting their employers to add staff in coming months.

IT workers were likely feeling more worried about their personal finances--including gas prices--than professionals in other sectors last month because many tech pros tend to have farther commutes than other workers in many communities, says Hudson VP Kevin Knaul. "Workers in the financial professions often work in downtown locations and take public transportation, rather than drive," he says. By contrast, many IT engagements require workers to commute by car to "the suburbs or the outskirts" of cities, he says.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 7, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.