Tech hiring slows down

IT's skyrocketing recruitment drive is over - they're still hiring, but nothing like the good ol' days

Chief information officers (CIOs) project a 16 per cent increase in the hiring of information technology (IT) professionals in the third quarter of 2001 – a 12-point decline from the prior quarter's forecast.

Eighteen per cent of technology executives plan to add staff during the next three months and two per cent expect cutbacks, according to RHI Consulting's quarterly Information Technology Hiring Index.

The poll includes responses from 270 CIOs from a sample of Canadian companies with 100 or more employees.

"Despite the recent loss of jobs in the technology sector, skilled information technology (IT) professionals continue to be in demand," said Stephen Mill, senior regional manager of RHI Consulting.

"Hiring managers are seeking IT specialists experienced in database management, applications development, networking and Internet/intranet development."

"Companies that put IT initiatives on hold earlier this year as a result of economic uncertainty are now beginning to implement those projects," Mill said.

Technology executives in the manufacturing sector forecast the strongest hiring levels among all industries surveyed. Twenty-nine per cent of CIOs expect to add IT staff and just two per cent anticipate reductions in personnel, for a net hiring increase of 27 per cent.

CIOs in the finance industry also anticipate strong employment growth, with a projected hiring increase of 26 per cent. In addition, the professional services field should see hiring activity above the national average with a net hiring increase of 16 per cent forecast for the third quarter of 2001.

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