Robert Half Technology Survey Finds High Confidence in Business Prospects and Planned IT Investments
TORONTO, June 14 /CNW/ - Technology executives forecast continued information technology (IT) hiring activity in the third quarter of 2011, according to the just-released Robert Half Technology IT Hiring Index and Skills Report. In the latest quarterly survey, 18 per cent of chief information officers (CIOs) said they plan to expand their IT departments, and 4 per cent expect cutbacks, for a net 14 per cent projected increase in hiring. Ninety-three per cent of CIOs are confident in their companies' growth prospects in the next three months, a five-point increase from last quarter.
The IT Hiring Index and Skills Report is based on telephone interviews with more than 270 CIOs from companies across Canada with 100 or more employees. Executives are asked whether their companies plan to increase or decrease the number of full-time IT personnel on their staff during the coming quarter. The survey is conducted by an independent research firm and developed by Robert Half Technology, a leading provider of IT professionals on a project and full-time basis. Robert Half has been tracking IT hiring activity in Canada since 2000.
- The net 14 per cent increase in anticipated IT hiring activity is down
from a net 17 per cent projected last quarter. However, executives'
confidence in business growth and IT investments is rising.
- Ninety-three per cent of CIOs are confident in their companies' growth
prospects in the next three months, a five-point increase from last
- More than half (52 per cent) of technology executives rated the
confidence of their firms investing in IT projects in the third
quarter a 4 or higher on a 5-point scale, with 5 being the most
optimistic. This is up 11 points from the last quarter.
- Network administrators and Windows administrators are in greatest
demand right now, according to survey respondents.
- Forty-nine per cent of CIOs said it's challenging to find skilled
professionals today, up ten points from the previous quarter.
"In order to meet increased technology demand, organisations are continuing to hire IT professionals," said Lara Dodo, a regional vice-president of Robert Half Technology in Canada. "Firms are even more confident in their future business growth and planned IT investments, compared to last quarter."
Confidence in Business Growth and IT Investments
Ninety-three per cent of CIOs reported being at least somewhat confident in their company's prospects for growth in the third quarter of 2011; 52 per cent rated the probability of investing in IT projects a 4 or higher on a 5-point scale, with 5 being the most optimistic.
Skills in Demand
The functional areas in which executives interviewed foresee the greatest challenge in finding skilled IT professionals are networking (19 per cent) -- up from 11 per cent last quarter, and help desk/technical support (15 per cent). Security and applications development followed, with 10 per cent and 9 per cent of the response, respectively.
Network administration and Windows administration remain the skill sets in greatest demand, each cited by 69 per cent of CIOs. Database management ranked second, with 68 per cent of the response, followed by desktop support at 64 per cent.
The finance, insurance and real estate sector leads in terms of hiring expectations for the third quarter. Twenty-two per cent of CIOs plan to expand their IT departments and none anticipate staff reductions. Executives in the professional services industry and the business services sector forecast a net 20 per cent and 18 per cent projected hiring increase, respectively.
About the Survey
The quarterly IT Hiring Index and Skills Report was developed by Robert Half Technology and conducted by an independent research firm. First published in 2000, the study is based on more than 270 telephone interviews with CIOs from a random sample of Canadian companies with 100 or more employees. In order for the study to be statistically representative and ensure that companies from all segments were represented, the sample was stratified by industry and number of employees. The results were then weighted to reflect the proper number of employees within each region. The margin of error for this study is +/-5.0 per cent at the 90 per cent level of confidence.
Information from the study is featured in The Robert Half Professional Employment Report, which was launched last year and the first study of its kind to monitor the hiring environment for professional-level positions exclusively. Based on more than 1,000 telephone interviews with executives throughout Canada, it provides insight on employment trends to help businesses and job seekers prepare for the upcoming quarter. To see how hiring within the technology profession has changed since last quarter and how it compares to other sectors, please visit http://www.roberthalf.ca/per.
About Robert Half Technology
With more than 100 locations worldwide, Robert Half Technology is a leading provider of technology professionals for initiatives ranging from web development and multiplatform systems integration to network security and technical support. Robert Half Technology offers online job search services at www.rht.com.
SOURCE Robert Half Technology
For further information: TO SPEAK WITH A LOCAL EXPERT, CONTACT: Robert Half Technology, Contact: Nadia Santoli, (416) 350-2330, email@example.com