IT Job Market Growth Slows

IT Job Market Growth Slows

IT job market – We have just reviewed the latest BLS data. Plus we have interviewed almost 100 CIO. We find that rapid growth is not something that is going to happen soon. On the plus side 2015 is still better than 2014 with 31,200 more new jobs year to date.

Moving average of IT job market is trending down
IT job market growth trend

Since November of 2014 the number of new IT jobs, though positive, has continued on a trajectory downward.  At the same time there is a great deal of uncertainty due to the current political climate, international unrest and the general economic situation. 

IT Job Growth
Historic and forecast job market growth

IT Job Family Classification

Over the past three decades Janco Associates and its principles have created a set of over 270 IT job descriptions (https://www.e-janco.com/IT_Job_Descriptions.htm) that are viewed by many as the industry standard.  As a natural extension of that offering Janco has documented its IT job classification system.

Both in an individual’s personal career planning and an enterprise’s staffing, promotion and compensation it is important to have benchmarks on the levels that individuals are at.  To that end, one of the best objective ways to meet this goal is to have formal job descriptions and clear paths for promotion and compensation.

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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, a Graduate School at Harvard University, been a guest lecturer at the UCLA's Anderson School of Business and several other universities in various programs.Prior to Janco, he was a Vice President at Index Systems and found PSR, Inc. and internationally recognized consulting practice.