82% of IT professionals feel secure or very secure in their current role
53% of organizations increased overall headcount in the last year
59% of IT professionals are optimistic about the future of the economy
Almost 60% of North American IT professionals expect the market for jobs in their sector to improve in the next year.
According to research by IT recruiter Greythorn, confidence has grown in the North American IT market, with 59% telling Greythorn they felt optimistic about jobs and salaries in the next year. Only 4% of professionals said they were currently expecting job losses before 2013.
Ben Weber, managing director at Greythorn said: “There is a sense that it is time to make moves and move forward on large projects. Employers are forging ahead with priority plans and talent acquisition is obviously affected, however, senior positions currently remain top priority. Top talent will continue to be aggressively sought. We are seeing more clients move quickly to acquire top talent in order to drive products and services to market.”
Annual salaries in the general market have risen by only 2% . Across the North American IT space, salaries have risen about 13%.
Greythorn’s research is indicative of a sense of urgency in the IT and Healthcare IT markets. With hot topics including security, mobile development and healthcare IT, employers are seeking highly talented individuals to execute projects on strict timelines, which opens the window of opportunity for contract employees. These types of positions are highly sought after and require a relatively rare talent.
Mary Beth Seaman, Director of Healthcare IT states: “Because of incentive dollars available to hospitals and health systems, we are seeing significant growth in demand for contractors. There are also many strong permanent needs in this space. Candidates in healthcare IT are highly sought after and demand for qualified professionals definitely exceeds supply, making those who are qualified very valuable assets to any organization.”
“The laws of supply and demand are pushing up salaries. Contractors are paid at least 40% more than their counterparts in full time roles, due to their scarcity and flexibility they provide to employers who may not wish to commit to permanent headcount as we tentatively step away from recession. For example, the new electronic medical record installs are currently very attractive to senior professionals.”
The intensity of demand for healthcare IT professionals is reassuring to professionals who are already in these positions. Since the turn of the economy, the healthcare IT recruitment market has once again become candidate driven with a shortage of qualified individuals for a myriad of open positions.
Ben Weber, managing director of Greythorn said: “We have also seen the increase of data that businesses manage in their day to day operation over the last five years creating a talent vacuum in the Business Intelligence and data analytics world. The movement of this data throughout an organization brings along information security ramifications as well. As such, experts with these skills remain in high demand.”