In the midst of a slowly developing trend toward recovery in the information technology arena, data from the latest CDW IT Monitor indicates the first glimmer of good news about hiring. While industry sentiment falls short of promising new hires, the number of large companies planning on reducing IT staff continues to fall rapidly.
According to the August CDW IT Monitor, only 10 percent of large companies say they may be reducing IT staff in the next six months, down from 17 percent in February. In addition, the number of medium-size businesses planning to reduce staff fell to seven percent, down from nine percent in April. For the first time since December 2008, the overall IT Monitor score, an indicator of the direction, momentum and mindset of the U.S. IT industry, climbed one point registering a reading of 70.
The tapering of IT job reductions is also consistent with higher expectations of improved performance. According to the IT Monitor, 63 percent of large businesses expect better performance in the next six months compared to 43 percent in February. Similarly, 56 percent of medium-size businesses and 53 percent of small businesses also anticipate better performance in the next six months. Both sectors registered 47 percent in February.
More information on the IT industry can be found at www.supportindustry.com
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