IT Hiring Remains Strong Despite Economic Fears

IT hiring has been on the rise since 2011 began, and that growth should continue into 2012, despite recent rumblings that the economy may take another downturn.

“Despite the economic woes we’ve been hearing about, I haven’t … seen any change in demand [for IT workers],” says Shane Bernstein, managing director of IT staffing firm Q. “In fact, demand keeps increasing. Every week I hear, ‘We have a lot more positions coming down the pipeline that we need to fill.'”

IT professionals are also feeling optimistic about the job market. According to a recent poll, 44% feel confident they could find a new job. Nearly three-quarters (71%) of IT professionals aren’t worried about getting laid off.

Staffing industry executives are confident about continued IT hiring despite economic concerns because IT departments cut so deeply and delayed so many projects during the recession of 2008 and 2009. They can’t afford to keep putting projects on hold. Client companies in every industry from financial services to retail are working hard to complete projects started in 2010 and start new ones.

Also, corporations feel comfortable spending some of the cash reserves they built up during those two years of aggressive cost-cutting.

And let’s face it: businesses across the board are so dependent on IT infrastructure and technology, that slowing down or stopping IT progress is impossible. Many businesses are remembering that investing in IT can help cut costs or improve productivity

And in more good news, after two years of pay cuts and stagnating wages, IT salaries are once again on the rise, driven by demand for contract and permanent IT staff. Nobody is predicting that IT salaries will skyrocket; rather, we’ll see continued, moderate increases in the price of talent. Salary levels are finally getting back to where they were before the recession.

If you need extra IT talent to revitalize your current and future projects, contact Morgan Hunter Corporate Search today!