Jobs Aplenty In IT Sector; Lookout For Skilled Candidates

Job Market has a plethora of options with the demand for professionals exceeding the availability of candidates in the IT sector, according to consulting firm Janco Associates. High demand is observed for professional staff and middle managers, which is most likely to be completed by mid-summer since many CIOs have performance bonuses that include the implementation of new IT initiatives by year end.

Growth of the IT Job Market

In the first 3 months of 2019, 20,600 new IT jobs were created. Janco estimates that 96,200 new IT jobs will be created in the remaining 9 months of 2019.

Data compiled and forecast created by Janco Associates April 2019

M. Victor Janulaitis, CEO of Janco Associates said, "With 20,600 new IT jobs created in the first 3 months of 2019, the market is tight. There is a skills shortage, some projects are missing key early benchmark dates due to lack of staffing. Many blockchain and ERP positions remain unfilled and some organizations are seeing an increase in attrition rates for those positions as others continue to pirate away their best employees." 

Demand for consultants and contract employees will still be above average, with an increase in the last two quarters of this year to augment staffing where there will continue to be a shortage of required staffing.

Victor Janulaitis stated, "In our monthly discussions with CIOs and recruiters we are seeing more frustration as it becomes more difficult to find qualified individuals. Everyone is concerned that as they fill positions, the individuals are qualified and will remain with them for some time." 

He further said, “With the current growth of the IT job market and most enterprises planning on expanding the impact of technology external and internal operations, the outlook for IT professionals is bright.”

Rajguru Tandon

BW Reporters The author is a correspondent with BW Businessworld with keen interest in HR and employee welfare.