Every year I gather with the leaders of the Australian ICT industry at various meetings and functions and we lament the lack of young folks who choose to study IT and seek a career in such a dynamic and interesting area. But then I see the job statistics and realise that the kids are just making realistic choices informed by wise advice from family and friends.
As Stan Beer reported in IT&T jobs fall off a cliff, graduates hit hardest: “The jobs decline is accelerating at a frightening pace, with the last three months proving to be the worst quarter by far in the past year. The IT&T jobs sector fell 2.28% in October and is down 23% over 12 months. What’s more the IT&T sector has been in decline for all of 2008.”
Every time a business wants to make savings then the IT costs get cut, and as soon as there is even a mild downturn IT gets hit again. Then when there is a major downturn IT costs get slammed even harder.
This means that the industry suffers from a very shallow talent pool. It is not because IT only attracts dummies. It is because the cuts are usually made against lower level positions. And it does make sense to keep more experienced people who can undertake diverse tasks. But it does mean that there are fewer trainees and new graduates coming through the system.
Smart companies will start to realise that having the technology installed is no use without clever committed and empowered people to run it cost effectively. Smart companies will start to realise that growing your own pool of IT talent and treating them well is also a smart investment.