IT unemployment was 2.5% before Covid-19. What is your take? Will that number stay the same? Or rise? If you see it rising, by how much?
I suspect it will remain fairly stable and may even decrease. IT resources, by nature, can work remotely if the organization is doing fine financially to continue to pay them. If it does spike, it will go back to normal levels over the first few months once everything settles down. My opinion though.
I tend to agree with Michael. While it's too early to really assess the unemployment impact on technology professionals, every business needs these roles right now. Particularly in a remote work environment.
We are not planning any reduction in I/T workforce. We are continuing to hire including summer interns. We've only delayed a couple of start dates in areas where we don't have a methodology for quality onboarding in a remote work scenario. I believe the overall unemployment % in technology will stay the same or may fall somewhat.
I see IT as in high demand, at least for the foreseeable future. With the quantity of people trying to work from home, I have been slammed trying to get the things my people need to work remotely and also to do it efficiently over time. Every few days we find out that the majority of users at home need "this" or "that" to make them more efficient, so we order it and deploy it. Once people get the taste for remote work, they will ask to do it periodically once this crisis is over and the fun will continue.
I think it's going to be independent on the business, overall, I think it will likely remain mostly flat for the IT industry. However, if an organization's revenue suffers for a significant period, there likely will be impact to IT professionals. It's really too early to tell the long term impact.
Thanks all for sharing your thoughtful responses. I tend to agree with the consensus that demand for IT - regardless of the coronavirus - will remain stable during the crisis. The issue I worry about is this: prior to a long ago time when the biggest decision we all had to make about corona was did we order it with a lime, or not, the IT pipeline is weak. In its latest figures, CompTIA estimates there were 370,000 "open" IT jobs across the country and 130,000 IT workers unemployed, though looking for work. Forget about the skills gap. Those numbers suggest there is a SHORTAGE of 240,000 IT workers. A number corroborated by research firm IDC which forecasts by 2023 that shortage will increase to 900,000 positions, mostly in emerging technology areas like AI, blockchain, cybersecurity, machine learning, IoT and 5G.
I ask each of you: is your best idea on bridging that shortage? How are we collectively going to replenish the IT pipeline?
I look forward to your thoughts.
Be well and safe,
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I work IT in a hospital and hire entry level people to start their careers with us. I have found that we have more people applying and wanting to help our community now then even before this occurred.
I think some areas like mine will grow IT a lot and others like Oil and Gas will have to shrink their IT departments.
The unfortunate thing I see happening is the companies where remote work is established and this did not cause a need for creative thinking will start to look at the bottom line and reduce IT staff.
The good thing is the Medical industry is ripe for IT innovation and IT Staffing. There are very few companies like the one I am part of that saw that before all this and will continue to grow IT long after.