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FORT LAUDERDALE, Fla., May 2, 2007 — The IT Employee Confidence Index decreased by 1.4 points to 58 in the first quarter of 2007, according to the latest Spherion IT Employment Report, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE: SFN). The Employee Confidence Index dropped due to less workers believing in the strength of the economy and job availability, despite increased confidence levels among IT workers in their personal employment situations. Results from the IT Employment Report:
34 percent of information technology workers are likely to look for a new job in the next 12 months, down 12 percentage points from the previous quarter. 24 percent of workers believe the economy is getting stronger, decreasing eight percentage points from the fourth quarter of 2006. Three-quarters (75%) of surveyed workers believe it is unlikely they will lose their job, increasing one percentage point from the fourth quarter of last year.
“The U.S. is experiencing a measurable shortage of domestic IT talent, causing technology companies to go as far as to lobby Congress to grant more H-1B visas to temporary foreign IT workers,” said Brendan Courtney, senior vice president of Spherion® Professional Services Group. “The confluence of a growing tech economy, the recent Web 2.0 renaissance and the steady decline in science and engineering graduates, has created an abundance of open IT jobs with nobody to fill them. That being said, more high tech employers are offering existing employees retention incentives to remain competitive, so it is not surprising to see IT workers feeling confident about their job security.”
| 1Q 2007 Employment Report Results: IT | ||||||||
| I.T. Workers | U.S. Workers | |||||||
| 4Q 2006 |
1Q 2007 | % Point Change | 4Q 2006 | 1Q 2007 | % Point Change | |||
| Economy | Getting Stronger | 32% | 24% | -8 | 25% | 23% | -2 |
|
| Staying Same | 36% |
40% |
+4 | 40% | 40% | 0 | ||
| Getting Weaker | 33% | 36% | +3 | 36% | 37% | +1 | ||
| Job Availability | More Jobs | 33% | 29% | -4 | 27% | 26% | -1 | |
| Same Amount | 39% | 37% | -2 | 37% | 37% | 0 | ||
| Fewer Jobs | 33% | 32% | -1 | 36% | 35% | -1 | ||
| Ability to Find New Job | Confident | 55% | 56% | +1 | 59% | 59% | 0 | |
| Neutral | 23% | 29% | +7 | 26% | 27% | +1 | ||
| Not Confident | 22% | 15% | -7 | 14% | 14% | 0 | ||
| Future of Current Employer | Confident | 60% | 62% | +2 | 65% | 65% | 0 | |
| Neutral | 23% | 22% | -1 | 23% | 23% | 0 | ||
| Not Confident | 17% | 16% | -1 | 13% | 12% | -1 | ||
| Likelihood to Lose Job | Likely | 16% | 15% | -1 | 11% | 11% | 0 | |
| Neutral | 10% | 10% | 0 | 10% | 9% | -1 | ||
| Not Likely | 74% | 75% | +1 | 79% | 80% | +1 | ||
| Likelihood to Look for New Job | Likely | 46% | 34% | -12 | 36% | 36% | 0 | |
| Neutral | 11% | 11% | 0 | 10% | 10% | 0 | ||
| Not Likely | 43% | 54% | +11 | 53% | 54% | +1 | ||
About the Spherion Employment Report
Spherion Corporation (NYSE:SFN) is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates. As an industry pioneer for more than 60 years, Spherion has screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs. Positions range from administrative and light industrial to a host of professions that include accounting/finance, information technology, engineering, manufacturing, legal, human resources and sales/marketing.
Harris Interactive is the 12th largest and fastest-growing market research firm in the world. The company provides innovative research, insights and strategic advice to help its clients make more confident decisions which lead to measurable and enduring improvements in performance. Harris Interactive is widely known for The Harris Poll, one of the longest running, independent opinion polls and for pioneering online market research methods. The company has built what it believes to be the world’s largest panel of survey respondents, the Harris Poll Online. Harris Interactive serves clients worldwide through its United States, Europe and Asia offices, its wholly-owned subsidiaries Novatris in France and MediaTransfer AG in Germany, and through a global network of independent market research firms. More information about Harris Interactive may be obtained at www.harrisinteractive.com. To become a member of the Harris Poll Online and be invited to participate in online surveys, register at www.harrispollonline.com.
To become a member of the Harris Poll Online and be invited to participate in online surveys, register at www.harrispollonline.com.
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