Forty-four percent of CIOs are cutting expenditures on IT contractors and consultants in an effort to shrink their budgets, according to a recent CIO.com survey. Despite this, contractors listing their services on online staffing marketplace oDesk Corp seem optimistic -- or maybe desperate for work.
According to a Computerworld story, 20,000 job seekers placed ads on the site in November, a 40 percent bump over the previous month. It's the largest monthly increase CEO Gary Swart can recall since joining the company in 2005. The number of jobs advertised on the site has grown also -- to 4,600, about twice as many as found on the site last year.
The shaky economy hasn't yet resulted in downward price pressure on contractor pay in the United States and other higher-wage countries. In fact, the average hourly rate for U.S. developers has grown from $19 to $27, thanks to strong demand, says Swart.
The numbers of folks seeking permanent IT employment on sites such as Dice.com also http://www.itbusinessedge.com/blogs/sts/?p=525is growing. According to a recent SearchCIO.com story, the number of resumes posted on Dice in 2008's fourth quarter grew 54 percent over Q4 2007.