Larger Mix of Skill Sets the Future for IT Workers

August 19th, 2010 by pknockle | No Comments | Filed in Job Hunting

By: Don E. Sears
2010-08-17

IT workers with hybrid skills that mix technology and business management expertise, along with certifications, will be highly sought after as technology jobs grow in the double digits over the next four years, says a tech industry group.

Specialization can be a good thing in technology work, but it’s not necessarily the future, contends vendor-neutral, non-profit industry organization CompTIA, which has a major conference going on this week in San Antonio, Texas.

Hybrid skills that combine on-the-job expertise along with training and industry-recognized certifications are necessary. With technology job growth expected to expand by a government-estimated 18 percent by 2014, diversifying your technology, business and management skills will help ensure employment over the long haul.

“Trends in technology are changing the employment landscape,” Terry Erdle, senior vice president, skills certification, CompTIA, said in an Aug. 12 statement. “It doesn’t mean that we don’t need people. It’s just a different kind of job.”

Skills in security, IT architecture and systems engineering are elemental features of jobs in areas such as cloud computing, health care technology and environmental technology work that is expected to consume many of the jobs in the coming years, suggests CompTIA, which will be releasing certifications in these areas over the course of the next year.

In the meantime, developers, project managers, security specialists and network engineers are skill sets in demand now, said the organization.

At its recent conference, CompTIA announced a new certification for convergence technologies such as VOIP (Voice over IP), unified communications and Web conferencing called “CTP+”. CompTIA is probably best known for its Network+ and A+ certifications that teach the fundamentals of networking and hardware technologies.

These two certifications, Network+ and A+, made the top 10 list of the best certifications of 2010 from Erik Eckel, president of two independent technology consulting companies and a former executive editor at TechRepublic. Eckel also placed high regard for Microsoft certifications including the MCITP (Microsoft Certified IT Professional) and the MCTS (Microsoft Certified Technology Specialist). He also regards VPN routing-and-switching certifications such as the CSSA and CCNA from Sonicwall and Cisco. But don’t forget security with the CISSP (Certified Information Systems Security Professional) or project management with the PMP (Project Management Professional).

He also gives credence to the ACSP (Apple Certified Support Professional) for handling Mac OS X infrastructure, but less to Linux+ and Red Hat and Security+, though he mentions their industry importance but does not see them as much in his work as others.

“[M]y advice for anyone entering the industry or even veterans seeking their first accreditations would be to load up on CompTIA certs,” wrote Eckel in an Aug. 17 blog post. “How can you go wrong with the manufacturer-independent certifications that demonstrate mastery of fundamentals across a range of topics, including project management, hardware, networking, security, and voice networks? You could do much worse.”

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Financial Tech Jobs See Nearly 25 Percent Annual Growth

August 10th, 2010 by pknockle | No Comments | Filed in Job Hunting

There is good news on the technology jobs front if you have prior banking or financial industry experience. Salaries are higher than the average tech job, especially on Wall Street.

Technology job board eFinancialCareers.com, which is owned by Dice, is seeing a steady uptick in technology jobs for the financial industry. After the economy’s meltdown in 2008 and 2009, it’s taken some time to see recovery in this segment. If you have technology experience in the industry, there are jobs to be had.

Programming skills are way up in terms of demand, especially the C languages with C# being the skill most sought after right now, along with skills in C and C++. In New York City and the metropolitan area, financial technology positions garner 20 percent higher salaries than the general technology population.

The following is an e-mail interview eWEEK conducted on Aug. 4 with Constance Melrose, managing director of eFinancialCareers North America.

How many open technology positions in finance are there?

The demand for technology professionals on Wall Street is growing and has been since March. Recruitment activity for technology professionals is up 24 percent year over year, and today there are about 300 open positions listed on eFinancialCareers for technology professionals. The demand is coming from a wide array of financial services clients including bulge bracket banks, hedge funds, asset managers and consultants and vendors to the industry.

Which regions and cities are seeing the most demand?

It’s no surprise that New York City dominates the open positions, given its status as the capital markets center in the U.S. But we see demand in all the major market centers - Chicago, San Francisco, Boston and Philadelphia.

You say programming skills are in demand, but what kind of financial experience are companies looking for?

At the end of the day, financial services companies are looking for tech professionals with prior experience in the industry because technology enables their firms to get and maintain an edge – to act with speed and conviction.

Building on that unique environment, let’s think about risk management.  It’s  No. 7 on the list of most-desired experiences of skills. I doubt you would be able to find another industry – where risk management is considered key to a technology professional’s job.

What other skills and job titles are companies looking for in finance?

Demand in almost every sector of Wall Street — such as investment banking, compliance and research – is solid and growing. If you look at tech specifically, outside of the top 10 – we see business analysts and .Net in demand. As banks implement the new regulations recently passed in Washington, technology, risk management and compliance are all areas where banks will continue to bolster their talent.

What about security jobs in finance? What can you tell me about trends there?

Security is always top of mind across technology and that certainly includes Wall Street, but it wasn’t on the top ten lists of skills this go around. We do see demand in the space – this posting is representative of the types of roles we see: http://jobs.efinancialcareers.com/job-4000000000652845.htm

What certifications are important to this industry?

Prior experience in the industry is more important than certifications. After industry experience itself, companies are more interested in marrying tech skills with business education – so we see more requests for technologists with MBAs than specific tech certifications.

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IT Workers Getting More Confident, Report Says

July 27th, 2010 by pknockle | No Comments | Filed in Job Hunting

By: Don E. Sears
2010-07-23

Most technology workers believe they can get a new job, though almost as many believe there are currently fewer IT jobs than there were, according to a Harris Interactive survey. As confidence rises like the summer temperatures, where are the jobs?

In the war between perception and reality, perception appears to have the edge right now.

IT worker confidence in the second quarter of 2010 has risen 6.6 points to 58.2 despite rocky economic indicators all around, according to a survey by Harris Interactive that was sponsored and published by staffing company Technisource.

Confidence is measured in three areas in this quarterly study: strength of the economy, ability to find a new job and availability of jobs. Thirty-eight percent of tech workers polled said they believe the economy is getting stronger, 41 percent believe the economy is flat and 20 percent believe it is weakening.

“As the recovery lumbers forward slowly, we are seeing technology deployments in new areas that provide increased performance, such as VOIP [voice over IP] and Windows 7,” Michael Winwood, president of Technisource, said in a July 20 statement. “With these long-needed new deployments, companies are also making new investments in staff—many looking to contingent staffing as a more strategic approach to the recovery at this point.”

Only 17 percent of tech workers polled said they believe there are more jobs available now, with almost 50 percent believing there are fewer jobs. The other 34 percent are “neutral.” The most surprising number in this entire study is the 54 percent of tech workers who are confident in their ability to get a new job. Only a quarter of those surveyed are not confident in this category.

“During the recession many companies had to initiate hiring freezes, postpone new technology implementations and simply ‘do more with less,’” Winwood said. “The marked increase in confidence this quarter tells us that technology workers may be in a more solid position for the economic recovery, compared to other industries.”

Perhaps so, but other indicators show a very cautious economic vibe in the United States despite some economic growth in 2010. Federal Reserve chief Ben Bernanke spoke to Congress July 21 and described a jobs situation that is still very much hurting.

“In June, U.S. factory output fell 0.4 percent, the most in a year, housing starts declined to the lowest level in eight months and private employers added fewer workers to payrolls than economists forecast,” Bloomberg reported on the state of the economy and Bernanke’s remarks. “The average growth in private payrolls of 100,000 a month so far this year is ‘insufficient to reduce the unemployment rate materially,’ and it will probably take a ’significant amount of time’ to restore the almost 8.5 million jobs lost in 2008 and 2009, Bernanke said.”

Despite the caution and gloom of many economists, Forrester Research predicts growth in IT spending 2010. A July 21 report forecast IT spending for the year of $753 billion, which would be a 9.9 percent increase from 2009.

“The most likely alternative to our forecast remains slower growth than we assume in the U.S., as continued slow growth in employment saps consumer spending and the strong dollar and weak European economy hurts U.S. exports,” Forrester wrote. “That scenario, which we put at a 25 percent probability, would cause growth in both the U.S. and global tech markets to slow to the 5 percent to 7 percent range.”

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Business Intelligence: Job Outlook Inspires Gloom

July 26th, 2010 by pknockle | No Comments | Filed in Job Hunting

By Dennis McCafferty on 2010-07-20
Americans are increasingly pessimistic that the current employment picture will turn around anytime soon, according to a new survey from Harris Interactive. Maybe they’ve heard the phrase, “jobless recovery,” too many times on the evening news, or they’ve had too many out-of-work friends e-mail too many resumes without ever getting a response from a prospective employer. Even Vice President Joe Biden recently conceded that not all the jobs lost in the past few years will be coming back. The Harris survey reveals that pessimism remains high everywhere. So if you’re relatively secure in your IT job, should you care? Yes, you should. Because an extended lack of confidence among Americans in general is bad for businesses everywhere, and often leads to a domino-effect with respect to decreased sales and other negative consumer behaviors. What’s troubling is that the sense of hopelessness isn’t just focused on the present — it will linger into the immediate future, and perhaps beyond, according to the results. Some 2,227 American adults took the Harris Interactive survey.

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IT Jobs’ Increase for June Does Not Signal Recovery: Report

July 13th, 2010 by pknockle | No Comments | Filed in Job Hunting

By: Don E. Sears
2010-07-12

Government data for June showed a gain of 9,100 technology jobs, but the numbers in the five categories are fluctuating dramatically from month to month.

The bigger jobs picture, however, continues to be murky and unpredictable.

According to Foote, government figures for IT jobs are outdated as they only track 4 million workers; Foote estimates technology workers to number between 20 million and 25 million.

“The DOL data doesn’t specifically identify millions of IT professionals working in business lines, corporate departments and in various enterprise strategic and operational functions,” said Foote. “These jobs require skills well beyond technology; for instance, precise industry, customer, product, and solution knowledge and expertise.

“That said, we’re still seeing this same see-sawing in our own broader jobs research, and also in the market for IT skills. With so much economic pessimism out there it is certain that this volatility will persist, thwarting any positive momentum that might show up from time to time.”

The see-sawing has been intense. Most job categories the Department of Labor tracks have seen wide fluctuations. IT Services saw an increase of more than 10,000 in June; In May, that segment lost 700 jobs. Management and Technical Consulting has been on the same rollercoaster, losing 5,000 jobs in January, 3,400 in February, with gains of 2,100 total for March and April.

The Computer Systems Design category has also been a wild ride. After gaining 7,300 jobs in April, this category lost a total of 6,400 jobs in May and June.

What IT services and skills are in demand right now?

“What we’re seeing is demand for IT services fueling very selective hiring in certain hot sectors including ERP, virtualization, security, SAN storage, business process management, Web platforms, and a few other applications development areas,” noted Foote. “Basically job demand in the services sector will rise and fall throughout the remainder of the year based on when employers decide to the pull the trigger on spending budget allocations that have already been approved.”

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