How Companies Are Preparing For the IT Workforce Exodus
itwbennett writes "If you think there's a glut of contract IT workers now, just wait. 10,000 U.S. baby boomers will turn 65 every day from now until 2030, and at least some of them will want to ease into retirement. This may sound like music to the ears of IT organizations who already would rather hire temporary staff with specialized expertise — especially for working on legacy technologies. 'The contractor ratio, already high in tech, will continue to increase as companies allow retiring staff to work part-time hours or hire them for short-term projects,' says Matthew Ripaldi, senior vice president at IT staffing firm Modis."
If you're in tech now the geezers are finally going to let you move up by retiring.
Help stamp out iliturcy.
"...says Matthew Ripaldi, senior vice president at IT staffing firm Modis"
Should we even take this post at face value?
My experience is that IT is poorly understood and that everyone's still looking to outsource despite many disasters. There's no loyalty towards long serving employees and no desire to retrain for big $$$ when they can hire at small cost. The companies that do come to their senses will be hiring contractors for a pretty penny. The companies that don't will make do, or sink. It's going to be chaotic. The quality of IT services is actually declining from my experience and there's a lot of tolerance at the consumer end for buggy garbage that would have been considered low end rubbish only a decade ago.
If you think there's a glut of contract IT workers now ...then you lack a basic understanding of labor markets.
Computer Programmers: 3.7%
DB Admins: 1.3%
Network and sysadmins: 3.9%
Network and data analysts: 3.9%
Software devs, application, and systems software: 4.0%
Those are the current unemployment rates for workers in those occupations. It's pretty much the same for all IT occupations; there are few enough workers that companies are having a tough time filling jobs, and even moderately skilled employees aren't having trouble finding jobs.
http://online.wsj.com/article/SB10001424127887323936804578229873392511426.html
rage, rage against the dying of the light
They'll find a way to keep us out.
Glad I started my own company. I don't need a job, and I don't have a boss.
With 10,000 Baby Boomers hitting retirement and putting their hands out for social security while simultaneously ceasing to pay income tax the IT job market should be the least of the US's worries.
I saw this article headline on Feedly, loaded it, went to get a glass of water and when I came back there were only 14 comments, all under my visibility threshold. It sure looked like I was on the wrong side of the exodus.
Being a contractor I can earn more money if I'm motivated. Work semi regularly at half a dozen businesses and be exposed to new businesses and people all the time. In good times I can choose between projects that I'm interested in doing.
They're not going anywhere.
All the boomers i know are still working.
They can't afford not to.
65? last of the cobal/fortran programmers? oh wait, network folks, all the companies still on tokenet done for?
Actually nope, i start with both.
there's roughly 5975 days between today and 1st January 2013.
So, 59,750,000 people will have retired by then ? that's on top of the people that are already 65 years old
Quick check on Wikipedia shows that US population is estimated to be at 314 Millions people.
More than 19% of the whole population are set to retire. I wonder how this is going to impact the long-term economic growth of the United States.
Now maybe the job market will improve! :)
Select from tblFriends where interesting >= 4;
Have you seen the annuity rates recently?
My pension pot buys me a lot less than it did even 5 years ago and the trend is still downward.
I'm 65 next week and thankfully here in the UK we have laws that mean I can't be sacked for reaching retirement age.
I foresee that I will have to carry on working for at least 5 years health permitting.
The other issue here is the the Gov is raising the retirement age for both men and women to 70. There will be a lot more 'dead wood' biding their time in jobs waiting for the time to retire than there is now.
Why wait until your boss retires... why not assist him on his way to his final reward. What do you think crawl spaces are for anyway?
And what is good for the goose is good for the gander. Got an ambitious underling? There is always more room under the office.
The only downside is getting the fingers to un-stiffen enough to sign your references. You would think that the blood and putrid remains on the resume might cause questions, but real businessmen understand. Everyone has a few skeletons in their closet.
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
This claim, that baby boomers will retire, and leave the workforce, is completely unsubstantiated.
There is no labor shortage now. There will be no labor shortage anytime in the forseeable future.
FTFL:
Computer and information systems managers Management occupations 2.9%
Well now, it looks as though there's a REAL shortage in management! Unemployment is a WHOLE point LOWER!
First of all, there is no glut right now of competent IT workers. I have lots of buddies (most elderly, so to speak, I'm 52) who have absolutely no shortage of work. I don't see it. I am a contract worker now - bill at a greater rate than I ever have in my life, and have more work than I know what to do with. I turn down 2 out of 3 contracts. I think that people who are not getting IT work need to hone their skills until they have jobs/contracts forced onto them.
I used to work at Microsoft - I never even *came close* to being stack ranked out. I am not saying that no one was ever incorrectly ranked at the bottom, but I never saw it. The people I saw at the bottom end of the stack rank - I could see the point that the managers were making. One dude was competent, but spent *way* too much time goofing off. And while Microsoft is mostly filled with competent people, make no doubt about it, there are plenty of semi-competent people there. There needs to be a system to get rid of the dead weight.
Now granted, I am not lazy. I am versed in OO and functional programming. I have developed many large projects in JavaScript, as well as C#. I have written books, written over 1000 blog posts, recorded over 150 screen-casts, and etc. I took a job writing a large system in JavaScript without knowing the language, then taught myself the language, including the functional programming / lamda / closure aspects in 3 weeks. I was 50 at the time. So don't whine about being old and not having the skills. If you don't have them, then get them. If you have them, then you probably have work. And if you have the skilz and don't have work, then blog / screen-cast, and you will have work in short order.
If you're in tech now the geezers are finally going to let you move up by retiring.
First of all, programmers don't retire, they just age away.
Secondly, most people CAN'T afford to retire. Folks need to get this "Baby Boomers are retiring" out of their heads.
About damn time. Unless you're a coder or DB admin, you'll be hard pressed to find a job that is more engaging than first-line phone support if you are not;
a) 18 years old
b) in posession of all the neccesary papers
c) in possession of a couple additional certifications and licenses
d) having four years of relevant work experience
Look no further here Infosys is here!
Just say'n.
The story is about the coming rise in contract workers. With lots of semi-retired baby-boomers around, companies will need to hire far fewer full-time employees. All the geezers will be happy to put in 10-20 hours a week with no expectation of benefits or a high wage - If they've planned properly, they have retirement income. Contract work should be a nice supplement, not their entire income.
If I'm a hiring manager, I can choose a full-time employee with required health, retirement, etc. benefits, or I can contract some old-guy who knows his way around and pay him more hourly but much less when the entire compensation package is computed.
computers and the internet started to get big when these people were about 35-40 so unless they went back to college, none of those people are working in IT. I know zero people above 55 working in IT and I know quite a few IT workers in general.
Is this similar to the "pilot shortage" that the media has been harping about for 20 years but has never actually happened? Don't mind me, I'm just being skeptical of this one.
Gen X has got this.
TS clearances = lots of money.
Well, the companies are preparing like they prepared for the 2000 bug. Not.
Saying that there is a "glut" of IT contract workers implies that there are too many in relation to demand. But the article suggests that more positions will BECOME contract positions for aging and valuable workers who want to ease into retirement.
Proverbs 21:19
As a guy at the half way point (43 years old), I'm still learning a ton of stuff from my managers. I'll take over the reigns soon enough, but I fully intend to learn as much as I can from my mentors as I can. Don't be in such a rush to progress through your career. You need to progress through experiences that you have probably not had yet in order to be a great manager.
My organization wanted to lower headcount, so a couple of years ago they offered early (reduced) retirement to us oldsters. I took it.
I went back for the office Christmas party last year and found I had been replaced by 3 contractors. The organization wound up spending more money to get my work done than they saved by letting me go.
Weird and stupid, but I'm enjoying my retirement.
r $20/hr. ... I'm cheap."
Why YES! You ARE cheep, TOO cheap>
Sometimes you got to do what you got to do, but if you have to drop your price to $20/hour to stay in work, something is wrong or you live in a place with a really low cost of living.
Don't sell yourself short. Unless you are really an idiot (and it doesn't seem so to me) you need to start expecting better and asking your employer for more. They obviously know that the market is well above what they pay because they have a large turnover rate, yet they persist in not paying more because YOU obviously are willing to accept it. It's time you step out and at least ask them for more. You should be making $30+/hour with benefits in just about *any* location in the US, and much more than that in most locations. If they are not willing to step up, you need to step out of your comfort zone and start looking for other work.
Think about it. If the market rate is $40 and they are paying you $20 the question you need to ask yourself is "Why?" Is it that they CAN'T or that they WON'T?
If they simply *can't* pay the going rate and stay in business, your future is severely limited. The business isn't viable without you so it cannot be very solid in the first place. Unless you OWN part of the business, why are you taking the risk of it failing while accepting less than the market rate? If they simply cannot pay you more and stay in business, there is no upside for you to stay. If the business fails (which is likely) where does that leave you? Unless there *clearly* is growth potential in the business, use your experience to get a better job.
If they WON'T pay you market rates, even though they can, I've got to ask why you'd want to work for them. They don't feel the need to treat you fairly and step up to pay you market rate for your skills. I personally do not wish to work for anybody who doesn't value me and treats me fairly. I'd recommend you find another job if this is the case.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
Dear Dice Holdings, This is getting lame, and utterly predictable. The point of a Facebook funded astroturf campaign is to be *subtle*, not blatant. Get some good K Street lobbyists, they'll tell ya how the game is played.
....posting from the TaTa Companies of India!
So, there was a story recently on the unhirability of geezers. Now it's that there will be a huge vacuum when geezers leave tech to retired?
So basically corporate America wants to take IT and turn it into a field full of migrant workers with no benefits supporting families on unsteady contract work? Along with treating them as untrustworthy as well as being an expense/necessary evil rather than critical team assets.
And they wonder why so many are leaking secrets, stealing or leaving them in a bind when they've finally had it or the contract nears its end?
In cases like you cited, you may tell them, but if they're not getting it, you make your case by writing it out - all the problems with the request, in detail, covering what and why and even how, if you can manage it. And then you email it to them.
Lots of people don't really hear all that they should when others talk and everyone's recall is almost always faulty. If you give someone something that they can read over and consider at their leisure however.... I've found that its fairly easy to make a convert of almost anybody this way, as long as my reasoning is sound and they don't have some overriding goal or agenda which I'm ignorant about.
Thanks to the Snowden affair which followed PFC Manning's Wikileaks data dump, NSA and their associates made a "management decision" related to IT Administrators which looks like it will cut thousands of those job positions. This raises a couple of questions: 1. Will there be places for them to go to? and 2. If they can drop the "90%" that was claimed in the GCN article, why are they so easy to let go?
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