This Was Another Rocky Year For Tech Workers, Study Says - InformationWeek
IoT
IoT
Business & Finance
News
12/15/2005
04:09 PM
50%
50%
RELATED EVENTS
Useing Threat Data to Improve Your Cyber Defense
Aug 10, 2017
Attend this webinar to learn how you can determine which threats pose the greatest danger to your ...Read More>>

This Was Another Rocky Year For Tech Workers, Study Says

IT job confidence levels among technology pros fluctuated greatly during 2005, which was a continuation of a pattern seen in 2004.

Tech pros were more worried about layoffs—and jumpier about their jobs overall—than workers in other sectors in 2005, according to a new report.

IT job confidence levels among IT and telecom pros during the year were the most turbulent compared to workers in other sectors—including healthcare, accounting and finance, and manufacturing—according to a new report released this week by professional staffing and outsourcing firm Hudson.

Hudson, which conducts monthly phone surveys of more than 9,000 workers in several industries, including more than 500 tech pros, found that IT job confidence levels among techies fluctuated greatly during 2005. However, the volatility among IT workers about their jobs isn't new, but rather a continuation of a similar pattern seen in 2004, when confidence among IT workers was also unstable throughout the year. During 2005, using a base score of 100, there was a 20-point swing between the highest and lowest IT job confidence ratings. However, despite the ups and downs, IT pros' job confidence for the year averaged 104.5—a bit higher than the 101.3 average for all workers.

Workers in the manufacturing sector were the biggest drag on the overall national average. The average job confidence rating during the year for manufacturing workers was only 87.1. Accounting and financial services workers were the most optimistic, with an average rating of 107.9, followed by healthcare workers at 105.3.

While tech pros expressed the most concern about layoffs during 2005, health-care workers worried the least about losing their jobs during year. Overall, the average job confidence rating across all sectors—including IT and telecom—was about 5 points lower than the averages in 2004.

Hudson executive VP Kevin Knaul attributed the overall decline in job confidence across all sectors in 2005 to a number of issues that impact personal finances, including rising gas prices, interest rates, and the destructive hurricane season. "These were all factors that took a toll on people's perceptions" about personal finances and job security, he says. Looking ahead to 2006, however, tech—as well as workers across all sectors—seem more buoyant about personal finances, job prospects and pay, Knaul says.

In a new Hudson survey of 1,847 workers in several sectors, 42% said they expect to earn at least a bit more in 2006 than they did in 2005. Twenty-one percent said they expect to earn "significantly" more, and only 15% expect their earnings to decrease. The rest—22%—expected pay to remain the same.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
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.
Flash Poll