US IT growth slowed: BLS data
According to the analysis of the BLS data conducted by CompTIA, the growth of the IT sector in the US has slowed down in February 2022. While the data from The US Bureau of Labor Statistics shows that non-farm employment growth across the rest of the economy.
US non-farm workforce grew by 678,000 in February 2022 compared to an increase of 481,000 in January, but the share of this growth joining the technological sector is less. The joining rate fell dramatically from 15,300 in January 2022 to 5,300 in February 2022. These figures were confirmed by an analysis conducted by CompTIA.
So why is this happening? experts say it's not because companies don't want IT, workers, it's because they are not willing to pay them accordingly. The number of job postings for the technology sector increased from 50,000 to 388,000 in February. Consultancy firm Janco Associates believe that keeping in mind the current salary inflation, salaries for new hires needs to rise by 8-11% in order to meet the IT workers' expectations.
Some roles that employers are finding hard to fill are, software developers, software engineers, IT support specialists, IT project managers, network engineers and architects, and systems engineers and architects. Vacancies for these roles are available all over the country, especially in Bois, St Louis, Colorado Springs, Kansas City, New York, Washington DC, Dallas, LA, and San Francisco.
Source: CIO
Category
Benefits Compliance
Sexualy Harassment
Religion & Spirituality
Contracts & RFPs
Policies & Practices
Emergency Response
Job Applications &
Executive Compensation
Teamwork
Payroll
Benefits Reporting & Disclosure
Hiring
Opening & Closing
Employee Data Privacy
Technology
Onboarding
Consultation
Business Continuity
Severance Pay
Job Descriptions
Parental Leave
Analytical Aptitude
Workers' Compensation
Artificial Intelligence
Talent Acquisition
Employment Contracts
Unemployment Benefits
Hiring & Firing
Social Media
Employee Resource Groups
Work Life Integration
Learning & Development
Religious Accomodations
Workforce Planning
Family & Medical Leave
Opening
Mental Health Benefits
Inclusion, Equity &
Mental Wellness
Retention
Employment Branding
Workplace Stories
Health Care Benefits
Organizational Structure
Investigations
Salary Surveys
Fiduciary Duty
Pay Equity
Organizational &
Time Worked
Tags
Article
A complete breakdown of the US Commercial Drivers Licenses
In the United States of America to operate any type of large automobile, you need a license. This i ...
COVID-19 - 6 Challenges Staffing Firms Are Likely to Face
Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...
Know the Work Habits of Highly Effective Employees
The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...
Hiring Secrets of The Most Successful Companies
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...
Comments