Global IT Job Market Starts off Strong in 2008

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Any worries that a slowing economy might mean a loss of IT jobs seem unfounded -- at least for now.


In the United States, IT employment capped off a year of 7.9 percent growth with a record 3.8 billion jobs in December 2007, reports vnunet.com. Concerns over a possible recession haven't yet dampened demand for IT pros, says the CEO of the National Association of Computer Consultant Businesses (NACCB), which tracks IT employment.


It's a similar story elsewhere around the world.


According to ENN, 68 percent of high-tech companies in Ireland expect to add jobs in 2008, up from 63 percent last year, with software engineers especially in demand. The country's tech industry thus far remains relatively impervious to a shaky economy and a loss of IT manufacturing jobs to low-cost locales such as Eastern Europe, India and China, says a network director with Eurocom Worldwide.


Due to a tight job market, IT salaries in Australia are "inflated," says the managing director of a recruitment company in an Australian IT article. He says business analysts earn up to $900 (U.S. $829) a day, after struggling to find work just a few years ago.


In addition to business analysts, Australian companies are seeking project managers, application developers, architects, storage and security pros, and help desk staffers.


In India's West Bengal state, IT employment is expected to grow from 55,000 to 75,000 in 2008, according to the Business Standard, with IBM, Cognizant, Capgemini, Wipro and Genpact among the companies expected to add staff.


Entry-level IT salaries in India could rise nearly 40 percent this year, due to increased hiring by multinational giants such as IBM, says the story. Such companies will expand their staffs by 65 percent.