Dot-com layoffs have had no impact on IT recruiting: survey

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|hrreporter.com|Last Updated: 07/21/2003

Recent dot-com job cuts have not made it easier to recruit high-tech talent, according to a new survey of chief information officers (CIOs).

Seventy-eight per cent of executives polled said that cutbacks have had no impact on their recruiting efforts. Only 10 per cent of respondents said it is now easier to locate IT candidates.

The poll includes responses from 270 CIOs from Canadian companies with 100 or more employees. It was conducted by an independent research firm and developed by RHI Consulting.

CIOs were asked, "What impact, if any, have recent layoffs among dot-coms and other high-tech start ups had on your recruiting efforts?"

Their responses:

No impact - 78%

Easier - 10%

More difficult - 7%

Other/don’t know - 5%

"Despite recent technology industry layoffs, the demand for skilled IT professionals continues," said Stephen Mill, senior regional manager of RHI Consulting. "Individuals seeking employment are being quickly reabsorbed into the workforce."

Mill said that as a result of dot-com downsizing, job seekers are now more cautious when considering new employment opportunities and are weighing factors such as a company’s stability and long-term career opportunities before accepting an offer.

"Many businesses are rehiring former employees, particularly those with experience in networking, Internet/intranet and software development," said Mill.

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