An opportunity is upon the IT jobs market with technology recovering faster than the broader economy, a Dice report concludes.
are more technology job openings in a single day on Dice's career site than
there are computer science grads ready to join American businesses, according
to a report from Dice Holdings, which runs a career site for technology and
engineering professionals. In California, that ratio is 3-to-1, the company
noted, and the number of computer-related bachelor's degrees conferred has
plummeted in nearly every state, creating a pipeline problem that leads from
corporate America through college campuses to primary schools nationwide.
outlined in their recent report "America's Tech Talent Crunch," 18
states and Washington, D.C., have shortages of local graduates when comparing
job openings to associate's and bachelor's degrees conferred. Those states
overlap critical tech markets, including Silicon Valley, Seattle, Dallas,
Boston, New York, Washington, D.C., Los Angeles and Chicago.
gaps have created a competition for talent, Dice said. Ann Hunter of the
Massachusetts Institute of Technology explained there are easily two or three
jobs for every computer science grad. Likewise, Dr. Tim Lindquist, a
professor of computer science and engineering at Arizona State, said, "I
can't tell you the last time I had a student, even some of our poorer students,
tell me they had trouble finding a job."
the "shortage states," only Delaware, Virginia and Washington, D.C.,
awarded more computer-related bachelor's and associate's degrees in 2009 than
they did in 2005. In the other "shortage states," degrees
conferred have dropped anywhere from 14 to 68 percent, according to the report.
an opportunity is upon the IT jobs market with technology recovering faster
than the broader economy. An up cycle typically encourages more students
to enter the field, similar to what was seen in the dot-com era, the report
noted. "The question is, can corporations, universities and K-12 educators
fulfill the long-term ambitions of America's budding technology professionals?"
the report questioned. "'America's Tech Talent Crunch' is a snapshot of
how businesses, educational institutions and employees are dealing with
palpable shortages in real time," the report stated.
earlier report from Dice found technology professionals endured a second
straight year of nearly flat salaries: Tech workers, on average, garnered
salary increases of about 1 percent (0.7 percent) to $79,384 from $78,845 in
2009, after receiving a similar increase the previous year.
professionals expressed slightly more satisfaction over pay than last year,
with 50 percent "somewhat" or "very satisfied," an increase
from 46 percent of respondents who felt that way last year. Still, nearly four
out of 10 technology professionals anticipate they could make more money if
they change employers in 2011. Those professionals (24 percent) who felt
switching employers would not increase their pay earned, on average, nearly
$13,000 more than those who anticipate finding higher salaries elsewhere.
can no longer get away with paltry salary increases for their technology staffs
based on the demand we are seeing for talent," said Tom Silver, senior
vice president of North America at Dice. "The moderate increases in
satisfaction levels indicate that tech professionals' concerns are being heard
by some companies, but certainly not all. Retention is the key to driving
additional contributions to the business from technology staffs. Employers that
are reluctant to increase compensation or step up retention efforts will likely pay
for their unsatisfactory ways."
Nathan Eddy is Associate Editor, Midmarket, at eWEEK.com. Before joining eWEEK.com, Nate was a writer with ChannelWeb and he served as an editor at FierceMarkets. He is a graduate of the Medill School of Journalism at Northwestern University.