Seven In Ten Corporate CIOs See Job Market Improving In The Next Coming Year
FRAMINGHAM, MA – SEPTEMBER 2, 2004 – In a survey conducted by CIO magazine during the recent CIO 100 Symposium, seventy percent of chief information officers (CIOs) report they expect the information technology (IT) labor market to improve in the coming year. Eight percent (8%) expect the IT job market to get worse, while 22% anticipate no change. When asked about industry-wide IT staff cuts during the past recession, nearly half (49%) of CIOs surveyed believe the amount was just right. However, many (43%) believe the number of layoffs were excessive. Almost half of survey respondents (49%) expect outsourcing to increase at their organizations in the coming year.
“The high percentage of CIOs expecting to hire in the coming year is more validation that the recovery in IT is well underway and should continue despite temporary dips and lulls,” says Gary Beach, Group Publisher of CIO magazine. “I believe the most interesting figure is the high number of respondents who think IT employee cuts were excessive. I would expect that number to increase as companies try and ramp up to take advantage of new opportunities and find they lack the experienced staff to do so.”
The survey also finds that CIOs consider mid-level workers among the IT employees in greatest demand (73%). Nearly one-quarter (23%) of future IT employees are expected to come from the United States (23%) followed by India (20%). Respondents also report the CIO makes the final decision regarding outsourcing in most cases (56%) followed by the chairman or CEO (21%).
About the CIO IT Labor Survey
Results were compiled from attendees at the CIO 100 Symposium produced by CIO magazine and held on August 22-24 in Colorado Springs, Colorado. Attendees filled out six staffing-related questions as part of a larger demographic survey. The number of respondents are 205 and the margin of error is +/- 6.9%. All results were submitted anonymously.
About CIO Magazine
CIO magazine (launched in 1987) is published by CXO Media, Inc. In addition to CIO magazine, CXO Media publishes CSO magazine www.cio.com, The CIO Insider, CSOonline.com darwinmag.com and CMO magazine and CMOmagazine.com. CXO Media serves CIOs, CSOs, CEOs, CFOs, COOs and other corporate officers who use technology to thrive and prosper in this new era of business. The company strives to enhance partnerships among C-level executives, as well as create opportunities for information technology (IT) and consumer marketers to reach them. In addition to magazines and websites, CXO Media produces Executive Programs, a series of conferences that provide educational and networking opportunities for corporate and government leaders.
About CXO Media
CXO Media is a subsidiary of International Data Group (IDG), the world's leading technology media, research and event company. A privately-held company, IDG publishes more than 300 magazines and newspapers including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World, and PC World. The company features the largest network of technology-specific websites with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide including LinuxWorld Conference & Expo®, Macworld Conference & Expo®, DEMO®, and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com.