The recent job report from the Bureau of Labor Statistics show 163,000 jobs were added in July with the overall jobless rate remaining virtually unchanged at 8.3 percent. However, if you work in the world of information technology, the odds of employment are ever in your favor.
For the IT field, the unemployment rate is less than half of the national average – 3.5 percent in July. The high demand for experienced professionals coupled with estimates that there will be 14 million new jobs in IT by 2015 make it a great time for experienced IT professionals.
In July’s issue of the Dice Report, technology hiring managers report most wanting IT professionals with two to five years’ experience, followed by professionals with six to 10 years’ experience. According to hiring managers, the hardest positions to fill include Java developers, mobile developers, .NET developers and software developers. These managers cited the skills sets for these positions two or three times as much as other skill sets in the employment marketplace.
“Competition is fierce when companies are all chasing the same talent,” said Alice Hill, managing director of Dice.com. Not that many other industries can say employers are actively fighting to recruit the same employees.
Aside from the competitive recruiting nature, there are other benefits to being a professional in the information technology field. According to Forbes, one of the fastest growing areas of employment is cloud computing and storage, which is predicted to generate $1.1 trillion per year in revenue by 2015. Along with the increase in revenue, there will be 14 million new jobs that come along with the expansion.
Three big trends are pushing the job boom: social networking, big data and mobility. Social networks, which are considered part of the cloud, are becoming increasingly popular with companies. In the future it’s expected that more employees and customers will link up on the social networks or even create their own. In addition to social networking, users are going to increase the amount of personal data (photos, videos, text messages) they use from the current level of 329 exabytes to 4.1 zettabytes (a 1,200 percent increase) in less than five years, and a third of this data is expected to live in the cloud. With the mobility trend, more mobile apps will reside in the cloud, further increasing the need for cloud services.
With all these factors at play, it’s not a bad time to work in the information technology field. As the industry continues to change, IT employers will search for candidates with a wide range of skills to fill positions. Looking to explore more options when it comes to jobs in information technology? Consider working with a staffing agency if you are debating navigating a career change.
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