Low Layoff Rate Lifts IT Confidence
A record low number of layoffs and an increase in sentiments regarding personal finances led to a surge in IT worker confidence in November, according to a new report.A record low number of layoffs led to a surge in IT worker confidence in November, according an index released by Hudson, a New York-based staffing and outsourcing company. The increase in tech worker confidenceup 6.2 Index points to 115.8is attributed to improved sentiments regarding personal finance as well as decreased concern about job security. IT worker confidence is up 14.8 points from November 2005, and a total 12.7 points since August 2006.
Hiring expectations remained almost steady from October, dropping 1 point from 38 to 37 percent in November. Yet, at 14 percent, the number of workers reporting that their company would be laying off staff reached an all-time low in November, falling nearly 5 percent from the month prior.