Thursday, October 28, 2010

Overall IT Worker Confidence Index Drops Sharply from the Second Quarter; Signs of Optimism Still Remain

The IT Employee Confidence Index dropped 7.6 points to 50.6 in the third quarter of 2010, according to a recent survey commissioned by Technisource, the technology services division of SFN Group, Inc. The survey, conducted by Harris Interactive, shows a quick reversal in IT worker confidence in the strength of the economy -- with optimism around this question dropping 18 percentage points from the second quarter of 2010. Coupled with this decrease, 56 percent of technology workers believe fewer jobs are available (versus 49 percent in the previous quarter).

Results from the IT Employment Report:

-- A scant 20 percent of technology workers believe the economy is getting stronger (compared to 38 percent in the second quarter). Nearly half (47 percent) of workers believing the economy is staying the same.

-- More than half of the respondents believe there are fewer jobs available (56 percent). At the same time, 43 percent of IT workers are confident in their ability to find a new job.

-- Thirty-eight percent of technology workers are likely to search for job opportunities in the next 12 months, up a single percentage point from the second quarter of 2010 and the highest since the fourth quarter of 2009.

More information on the IT sector can be found at www.SupportIndustry.com.

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