IT worker confidence falls

Pro

Employee confidence in the IT sector has declined slightly, according to research.

The IT Employee Confidence Index dropped 4.3 points to 54.1 in the third quarter, according to the latest IT Employment Report conducted by Harris Interactive on behalf of Spherion Corporation.

But despite fewer workers believing the economy is getting stronger, the report also indicated that the number of IT workers who believe it is unlikely they will lose their jobs grew to 73%, increasing three percentage points since last quarter.

“On the surface, this quarter’s data may seem contradictory, but the tech sector itself is operating counter-intuitively,” said Brendan Courtney, senior vice president of Spherion Professional Services. “IT workers are still being enticed to stay with their current employers through a series of retention efforts, which may explain why even more of them are confident in their own job security.

“However, recent news and rumours out of Silicon Valley may have IT workers more anxious about another tech bubble. Record highs for the Dow, billion-dollar Web 2.0 acquisitions and a flood of ‘me too’ start-ups going live every day could be giving some workers flashbacks of 2001, but I don’t think that is the case.”

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