IT Services Sector Continues to Add Jobs

 
 
By Gina Roos  |  Posted 2014-11-03 Email
 
 
 
 
 
 
 
 
 
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    1 - Slight Uptick in Tech Jobs
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    Slight Uptick in Tech Jobs

    The U.S. tech industry grew by 1.9%, or nearly 119,000 jobs, in the first six months of 2014, employing 6.3 million people as of June 2014. This is slightly higher than the 1.8% growth during the same period in 2013.
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    2 - Fastest Growth
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    Fastest Growth

    R&D, testing and engineering services experienced the fastest employment growth rate of all tech sectors in the first half of 2014, expanding by 3.2%, or adding about 54,100 jobs.
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    3 - More Jobs Filled for IT Services
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    More Jobs Filled for IT Services

    IT services added 36,000 employees in the first six months of 2014 and 63,100 from June 2013 to June 2014, for a total of 1.9 million jobs. Over the same 12-month period, IT services employment grew by 3.5%, compared with a private sector growth rate of 2.2%.
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    4 - Telcos Need Employees
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    Telcos Need Employees

    The telecommunications sector, including traditional wired and wireless carriers and their associated services, as well as ISPs, Web search portals, hosting and related data services, experienced job growth of 1.5% during the first six months of 2014.
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    5 - On-Demand Services Fuel Job Growth
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    On-Demand Services Fuel Job Growth

    The shift to on-demand services models such as software-as-a-service (SaaS), IT infrastructure-as-a-service (IaaS) and managed IT services, helped generate 35,100 new jobs during the first half of 2014 in the area of computer system design and related services that support many of the on-demand services.
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    6 - Software Hiring Trend Continues
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    Software Hiring Trend Continues

    Software publishers continued their hiring trend, adding 6,000 jobs in the first half of 2014, delivering 2% growth.
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    7 - Tech vs. Private Sector
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    Tech vs. Private Sector

    Although the tech sector continued to add jobs over the past 6, 12 and 18 months, the sector's job growth was slower than the overall private sector. Jobs in the tech industry grew by 1.9%, compared with 3.7% for the private sector in the first half of 2014.
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    8 - Higher Pay for Techies
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    Higher Pay for Techies

    While job growth may be faster in the overall private sector, wages are 98% higher, on average, in the tech industry. The average pay in the tech industry is $93,800, compared with $47,400 in the private sector.
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    9 - Open Positions
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    Open Positions

    The report quotes data from CompTIA: Six in 10 industry executives indicated that it's challenging to fill openings for technical positions. CompTIA also found that 33% of executives said their companies were understaffed, while 42% are fully staffed but want to hire workers to expand.
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    10 - Software Talent in Demand
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    Software Talent in Demand

    The TechAmerica study cites figures from Burning Glass Technologies: More than 450,000 job postings, including technical and non-technical positions, were made in the tech industry during the first half of 2014. Demand was highest for software talent across all segments of the tech sector.
 

The good news is the U.S. technology industry added nearly 119,000 jobs in the first half of 2014, increasing the employment rate by 1.9 percent, slightly higher than the 1.8 percent growth during the same period last year, according to new research from the TechAmerica Foundation. However, employment growth in the tech industry is slower than the 3.5 percent growth in employment in the overall private sector. TechAmerica's midyear tech job analysis looks at employment trends in five sectors: technology manufacturing, telecommunications, software publishing, IT services and R&D, testing and engineering services. Each of the five categories reported job growth, with IT services adding 36,000 jobs. Job growth in IT services reflects the industry's shift to an on-demand, as-a-services model. It also indicates challenges to come as enterprises transition to new disruptive technologies and business models and the need for a tech workforce with a new mix of skills. Here are highlights from TechAmerica's report, compiled from the U.S. Bureau of Labor Statistics' Current Employment Survey.

 
 
 
 
 
 
 
 
 
 
 
 

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