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?
Capitalism pretends that you can think in the long term by pandering to the interests of men who only need enough money to live for one lifetime.
All non-regulated industries end up as you describe, really.
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
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.
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.
If you think you don't have a boss, then you're doing it wrong. You have many.
Government is your boss in part. Each customer you do work for is your boss.
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.
there's roughly 5975 days between today and 1st January 2013.
/. post from the future? Why are you speculating on what may happen, you already know. Now share!
Holy shit, is this our first
Monstar L
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.
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.
You may not be working with any of the industries that were early adopters of IT. If you were to look into the oil industry, automobile industry, government, distribution, and manufacturing, just to name a few, you would find lots of workers 55 and older.
Proverbs 21:19
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.
My Father recently retired and he was coding for mainframes as his second job out of college. I work with lots of older people who have been doing IT stuff their whole lives. Some started at banks, others at major local manufactures, and a lot were in the Military as computer operators and such. Shit, my Maternal Grandmother, who died in her 70's nearly a decade ago, changed vacum tubes in her universities computer or some such. IT work has been around for a lot longer than some people seem to think.