Some recent announcements suggest the technology industry is starting to come out of the recession.
Among the signs of recovery reported in a recent Wall Street Journal article:
- Google reported a 37% jump in profits for the first quarter of this year
- AMD’s revenue increased by 34%, reaching record levels, and
- Intel saw a 44% rise in sales and profits for the quarter that nearly quadrupled.
While that’s good news, there’s also a downside for IT departments. As tech industry earnings go up, so does the competition for IT professionals.
Google, for example, announced it had hired 786 new employees in the first quarter, with more recruiting to come. Also, Intel announced plans to hire 1,000 to 2,000 people this year.
Overall, the number of listings on tech-centric job board Dice.com has increased by 22% since a year ago.
For some tips on how to retain your best employees as job opportunities open, read our earlier post on the topic.