The Coming Job Boom
Forget those grim unemployment numbers. Demographic forces are about to put a squeeze on the labor supply that will make it feel like 1999 all over again.
By Paul Kaihla, September 2003 Issue
Judy Reed is a buyer in a buyer’s market, and frankly, that has its advantages. The vice president for human resources at Stratus Technologies, a Maynard, Mass., maker of high-reliability servers, Reed never lacks for attention at parties and dinners in this employment-starved economy. When she does post a job, she gets four times the volume of responses she got three years ago, and some job seekers even follow up with Christmas cards. If she wanted to, she could fill every opening at a salary 15 percent below the going rate – as, in fact, many of her competitors do.
IT booms of the 90s have gone and I dont think they will come back because I think, realistically the IT market has corrected itself. Making that sweet 100/hr on gigs will no longer happen with the exception of some highly skilled dba's and/or expert ERP implmentors.
I would recommend picking up that survey. It is a sheer matter of supply and demand Zman. US is poised for woeful shortages in IT as the economy rebounds. Most companies went overboard and will have to hire back at feverish pace as the markets return or they will lose their competitive positioning
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*Originally posted by Matsui: *
I would recommend picking up that survey. It is a sheer matter of supply and demand Zman. US is poised for woeful shortages in IT as the economy rebounds. Most companies went overboard and will have to hire back at feverish pace as the markets return or they will lose their competitive positioning
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yara those companies must be on crack if they overshoot once again. Sure the doldrums of today will not continue but don't expect an IT powerhouse.