Janco predicts second recessionary dip
IT Job Market Poor at best - Janco has just conducted a series of interviews of CFOs and CTOs in large and mid-sized enterprises. Janco finds that the job forecast for IT professionals remains poor for the short and medium term. Janco finds that most large enterprises are continue to consolidate and cut costs. Especially impacted are firms based on the West Coast. The CEO of Janco, Victor Janulaitis said, "Many firms are continuing to reduce the size of their IT staffs as smaller layoffs continue. Few enterprises are hiring where there is an increase in head counts." He added, "Looking ahead to the next budgeting cycle, many of enterprises interviewed do not see any new hiring until 2nd and 3rd quarters of 2012 as they expect a dip in the economy in the 3rd and 4th quarter of 2011."
Historic IT Job Market Size
Updated with current data
For current data go IT Job Market Size to see the historic job market growth trend detail data
Current Median IT Salaries
For the latest data go to the current IT Salary Survey
This is in contrast with a recent ADP report which says that layoffs are down, hiring is up and cautious optimism is the rule of the day when it comes to employment figures. Payroll numbers show the most job growth in April came from the services sector and from medium to large businesses.
The news from ADP is that 32,000 new jobs were created in April, predominantly in the services sector and mostly by medium to large businesses. Small businesses were only responsible for 1,000 of the 32,000 total jobs added.
As you can see, the last few years have been particularly tough on IT salary levels:
Mean IT salary, 2007-2010
Large companies (223 organizations responded):
January 2007: $81,078
January 2008: $82,197
January 2009: $81,302
January 2010: $81,614
Mid-size companies (594 organizations responded):
January 2007: $75,096
January 2008: $75,814
January 2009: $73,132
January 2010: $73,216
Overall IT salary levels are declining in part because the performance bonuses of salaries are declining:
Summary Results and Changes in Demand for IT Jobs
Summary Results and Changes in Demand for IT Jobs plus we have added a link to a graphic which shows the current median salaries.