WDI 2013 Where the Jobs Are: IT Businesses and IT- Dependent Employers Friday February 1, 2013.
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Transcript of WDI 2013 Where the Jobs Are: IT Businesses and IT- Dependent Employers Friday February 1, 2013.
WDI 2013Where the Jobs Are:
IT Businesses and IT-Dependent Employers
FridayFebruary 1, 2013
A National TalentStrategy
Ideas For Securing U.S. Competitiveness and Economic Growth
122K
Additional computing jobs EACH YEAR requiring a bachelor’s degree between 2010 and 2020 –
40K
Annual bachelor’s degrees in computer science –
8%
Only 8% of US college freshmen end up graduating with a STEM degree
Only 8% of US college freshmen end up graduating with a STEM degree
Where the STEM Jobs Will BeDegrees vs. Jobs Annually
Architecture &
Engineering
Computer Science &
Mathematics
Life Sciences
Physical Sciences
Social Sciences
0
50,000
100,000
150,000
200,000
250,000
PhD Degrees
Master’s Degrees
Bachelor’s Degrees
Associates Degrees / Certifications
Annual Jobs 2010-2020
All Occupations 164M
All STEM Jobs 9.2M
Projected Annual Growth of Total STEM Job Openings 2010-2020
Computing Jobs 4.6M
Where the STEM Jobs Will Be
Top 10 Major Occupational Groups 2010-2020 and Average Salaries in May 2011Where the U.S. Jobs Will Be
Major Occupational Group % Growth2010-2020
2011 Average Annual Salary
1 Healthcare Support Occupations 35% $27,370
2 Personal Care and Service Occupations 27% $24,620
3 Healthcare Practitioners and Technical Occupations 26% $72,730
4 Community and Social Service Occupations 24% $43,830
5 Construction and Extraction Occupations 22% $44,630
6 Computing and Mathematical Occupations 22% $78,730
7 Business and Financial Operations Occupations 17% $68,740
8 Life, Physical, and Social Science Occupations 16% $67,470
9 Education, Training, and Library Occupations 15% $50,870
10 Transportation and Material Moving Occupations 15% $33,200
By 2018 2/3 of all new jobs created in the U.S. will require post-secondary credentials such as Technical certificate or community college or a four year degree.
Chart Title
New US jobs requiring post-secondary degree
Where the jobs are: ITFebruary 2013
Introduction• Mike McSally, VP Operations at Allegis Group
• 22 years of experience in human capital management industry
• TEKsystems is the leading IT staffing & services firm in North America
– 700 IT consultants weekly– 5,500 customer sites– 81% of the domestic IT workforce
Top 20 Best Jobs for Fast Growth
• Three of the top 10 and six of the top 20 are in IT
• An associate’s degree in engineering or IT is worth as much or more than a bachelor’s in liberal arts or education
• More than half of all humanities graduates end up in jobs that don’t require degrees
Rank Occupation Median Pay 10-year job growth1 Biomedical Engineer $79,500 61.7%2 Marketing Consultant $92,100 41.2%3 Software Architect $119,000 24.6%4 Clinical Research Associate $90,700 36.4%5 Database Administrator $87,200 30.6%6 Financial Adviser $90,200 32.1%7 Market Research Analyst $63,100 41.2%8 Physical Therapist $76,700 39.0%9 Software Developer $84,200 24.6%10 Occupational Therapist $74,900 33.5%11 Management Consultant $110,000 21.9%12 Optometrist $105,000 331.%13 IT Consultant $96,400 22.1%14 IT Network Engineer $73,400 27.8%15 IT Security Consultant $102,000 27.8%16 Physician Assistant $93,300 29.5%17 Construction Engineer $65,800 36.4%18 Personal Trainer $56,000 24.0%19 Employee/HR Trainer $67,900 28.3%20 Environmental Engineer $117,000 21.9% Sources: CNN Money, U.S. Census,
IT Population
Great talent is always working
› Q4 2012 IT Unemployment Rate: 3.3%1
› Frictional Unemployment Accounts for 2%
› There are 4 million IT professionals in the United States 1
› Roughly 52,000 IT professionals are unemployed 1
But they’re willing to listen
And demand continues to grow
› BLS estimates there will be 76,000 new IT jobs annually and 137,000 IT jobs needing filled every year (includes jobs left vacant) through 2020
73% of IT professionals are looking to move jobs 2
U.S. population
304 M
U.S. workers
140 M
U.S. IT workers
4 M
Unemployed IT workers
132,000
Fact is 52,000 unemployed IT
workers
1. US Bureau of Labor Statistics, 20122. Hays, 2011
Hottest Jobs in IT
• There are currently nearly half a million open IT jobs
Job 2012Placements
Openings(January 2013)
Unemployment Rate
Developer 5,942 62,343 2.7%
Project Manager 4,992 24,775 NA
Systems Analyst 1,998 72,599 3.3%
Business Analyst 1,625 6,958 NA
Systems Administrator 1,363 39,692 4.3%
Total 34,392 409,000 3.3%
Source: TEKsystems, 2012; CareerBuilder, 2012
IT Population> Industry
• 74% of the IT population works in industries outside the IT sector
U.S. IT Population by IndustryIndustry Percentage
Computer Systems Design 26%
Finance & Insurance 10%
Manufacturing 9%
Education & Healthcare Services 9%
Government 8%
Management of Companies 6%
Wholesale 5%
Publishing 5%
Telecommunications 4%
Management, Scientific & Technical Consulting 3%
Source: US Bureau of Labor Statistics, 2012; TEKsystems, 2012
TEKsystems Business by IndustryIndustry Percentage
Financial Services 20%
Healthcare 14%
Communications 14%
Information Technology 11%
Manufacturing 8%
Government 7%
Energy 6%
Professional Services 5%
Education Services 3%
Other 12%
IT Population> Education
• On average, 10% or more of IT professionals have associates degrees• IT software and networking professionals are most likely to have bachelors
degrees or higher• IT support professionals are more likely to have no advanced degree
OccupationNo Advanced
DegreeAssociate‘s
DegreeBachelor‘s
DegreeMasters
or HigherSoftware Developer 12.1 5.4 49.9 32.6Computer Programmer 20.2 10.0 49.9 19.9Technical Writer 19.4 7.3 47.4 25.8Computer and Information Systems Manager 20.9 9.0 46.1 24.0Database Administrator 22.7 10.0 45.8 21.6Computer Systems Analyst 23.9 10.6 44.5 20.9Computer Hardware Engineer 18.1 10.6 43.3 28.0Telecommunications Line Installers and Repairer 79.1 12.2 7.8 1.0Telecommunications Equipment Installers & Repairer 70.6 16.9 11.1 1.5Computer Operator 61.8 14.2 19.8 4.4Computer, ATM, and Office Machine Repairer 55.9 20.9 19.5 3.7Computer Support Specialist 42.5 15.8 33.5 8.2
Source: US Bureau of Labor Statistics, 2011
Why Focus on IT? > Strong and Steady Demand
20002001200220032004200520062007200820092010201120120.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
• IT unemployment has been significantly lower than national unemployment for the last ten years
• IT workers now comprise 2.9% of the working population
0%
2%
4%
6%
8%
10%
12%
National
IT
Unemployment RateIT Employment as a Percentage of
National Employment
Source: US Bureau of Labor Statistics, 2012
The IT Skills Gap
IT Skills Gap
1. U.S. Bureau of Labor Statistics2. National Science Foundation3. Harvey Nash4. Robert Half Technology
Multiple factors combine to create a growing IT skills gap• Strong demand• Baby boomer retirements: 45% of the working population or 1.8M IT workers 1
• Low college IT enrollment 2
• IT represents only 3.3% of students enrolled in higher education institutions• 2.4% of all bachelor’s and 3.8% of all associates degrees awarded are in IT
• Insufficient training/preparation
• 93% of employers indicate there is an IT skills gap 3
• 84% of CIOs cite difficulties hiring skilled IT professionals 4
• 80% say the IT skills gap affects at least one business area such as productivity, customer service or security 1
Emotional Intelligence
In a national survey of what employers are looking for in entry-level workers, specific technical skills are now less important than the underlying ability to learn on the job.
After that, employers listed:
• Listening and oral communication• Adaptability and creative responses to setbacks and obstacles• Group and interpersonal effectiveness, cooperativeness and teamwork, skills at
negotiating disagreements
“Working with Emotional Intelligence” – Daniel Goleman
Characteristics Yesterday Today
Business interaction • Never • Daily
Business influence • None • High
Why hired • Technical expertise • Soft skills and technical knowledge
Higher Education • IT degree or certification • MBA and/or IT degree
Roles • IT support, administration or programming
• Business Analyst, Project Manager, Technical Architect, Strategic Account Manager, Security Specialist
Evolution of the IT Worker• Business-savvy IT workers have become critical to driving organizational growth
and efficiency
Conclusion
• We continue to see strong IT demand coupled with few entrants and a large percentage of the workforce that is or will soon be eligible to retire
• Salaries are higher compared to other occupations and 3 out of the 10 fastest growing jobs are in IT
• Very few technologies go forward without soft skills
• IT exists today to solve business challenges for HR, Sales, Marketing, Research & Development, Customer Service, Finance & Accounting, etc.
• IT is now a human contact sport