An analysis of U.S. employment patterns by Scorelogix's Job Security Index showed that job security for IT professionals plummeted 10.2% between January to February this year. This represents the largest drop in more than a year.
In a report, ScoreLogix analysts stated that:
This reduced demand for IT jobs, which has lowered job security level in the IT sector, can be attributed to outsourcing, offshoring, and relocation of production to cheaper, foreign locations."
The Job Security Index uses a custom developed scoring model using data compiled from government agencies and other sources, as well as research conducted by ScoreLogix. A number is generated at the end of it to indicate the robustness of job security compared to January 1998, which is the baseline with a score that is exactly 100. You can read more about it here.
What do you folks in the trenches say? Is there really a decline in prospects in IT?
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Paul Mah is a writer and blogger who lives in Singapore, where he has worked for a number of years in various capacities within the IT industry. Paul enjoys tinkering with tech gadgets, smartphones, and networking devices.