We’re constantly hearing in the news about a still sluggish economy, unemployment stuck around 7 percent and only moderate job gains in the monthly employment situation report. But in the very next sentence we hear of shortages in skilled talent and companies struggling to fill their labor needs. How does this translate for companies sourcing IT talent in North America? The IT labor market is in a state of evolution. Unemployment rates for IT labor, before, during and after the recession, have typically been low. In some markets for some critical IT skills, unemployment is as low as one percent or less! This, combined with other factors, drives up bill rates and makes for very challenging sourcing conditions. This infographic traces out specifics and shares third-party and proprietary data to paint a very realistic picture of this in-demand talent pool.
For more information on contract labor please click here now to view Allegis Group Services’ latest research on the best practices in managing the contingent workforce.