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August 31, 2005 | Comments: (0)
IT worker confidence plunges
According to the Hudson Employment Index, confidence IT workers have in the employment market plummeted in August. For only the second time in history, the index fell below the base rate of 100 points.
Citing less optimism about personal finances, job security and job satisfaction, the index fell from 109.9 points in July to 97.5 in August.
Other findings:
47% of respondents rated their personal finances as excellent or good in August, down dramatically from 62% the previous month
36% indicated that their finances were getting worse, a jump of 8 percentage points
29% of IT employees are concerned about losing their jobs, up from 26% last month
70% stated they were happy in their current jobs, compared to 75% last month
On a more positive note, more workers anticipated that their companies would expand their workforce in the coming months, up from 32%
A PDF of the Hudson Employment Index is available for download.
Posted by Tom Sullivan on August 31, 2005 09:03 AM
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