Park City – UT – www.e-janco.com – Janco reports that the IT job market continues to grow. Over the past year, over 11,000 new positions have been added each month. All signs point to this growth continuing. Janco predicts that more than 138,000 new IT jobs will be created in 2022. The IT job market now has more than 3.85 million positions in the United States.
Janco CEO Mr. Victor Janulaitis said: “In our analysis of the impact of the pandemic and overall unemployment levels, we have found that when there is a significant change in the number of states in full employment, there is a direct relationship between this and the two. increases and decreases the number of jobs for IT professionals. In addition to the more recent events that we have looked at, we have looked at data from the dot-com bubble and found the same relationship. He added, “When there is a change in the number of full employment states with a change in the number of states that have high unemployment rates, the demand for IT professionals as defined by Janco is directly affected.”
The CEO added, “We have adjusted the model we use to forecast IT job market growth to take this into account. This data is used by our clients when forecasting and adapting IT spending patterns in the budget and operational management of IT. We currently anticipate that over 138,000 jobs will be added by the end of the calendar year.”
The IT labor market has just over 3.85 million positions in the United States. These positions are classified into four main categories: Design of computer systems and related services (61% – 2.4 million); Telecommunications (19% – 651K); Data processing, hosting and related services (10% – 404,000); and other information services (10% – 401,000). Janco tracks and maintains over 20 years of historical IT job market data.
The CEO concluded by saying, “Based on our analysis, the IT labor market and opportunities for IT professionals will continue to be positive, but not as broad as in the last quarter of 2021. CIOs continue to are still gearing up to hire more staff and develop technologies to address blockchain processing and security applications based on market conditions.However, recent events, rising energy cost, and spectrum of high inflation will hurt the growth of the IT labor market.
Additionally, “In our 2022 IT Salary Survey, we found that IT salaries for existing IT staff and middle managers increased by just over 2%, while new hires in the last quarter of 2021 were paid 5-6% more than existing staff.In conversation with several CIOs, we learned that increases for new hires in the range of 9-12% were not uncommon. that highly skilled and experienced IT professionals (over 10 years) are offered salaries of $125,000+ Pay disparity is a driver of dissatisfaction and increased attrition among employees existing.”
Janco offers a service for its data which is available through a subscription. The link for a subscription is https://itmanager.substack.com/
Janco is a global consulting firm that tracks issues that affect CIOs and CFOs and publishes a series of HandiGuides® and IT and business infrastructure templates, including detailed IT job descriptions, IT infrastructure, policies and procedures, disaster recovery/business continuity model, security model, and its semi-annual IT salary survey.