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Telecom job market suffers
Mean Compensation for all IT Pros is up by 5.43% in June to June comparison
Despite IT job gains attributed to a growing economy, telecommunications hiring has been suffering this year. The industry dropped 700 jobs in June, making a total of 43,800 jobs lost in 2017. That comes as no surprise considering the whirlwind of telco mergers and acquisitions. Verizon's acquisition of Yahoo's Internet properties led to a massive cut, Windstream's purchase of EarthLink eliminated hundreds of employees, and Vonage recently laid off 90 people due to acquisition redundancy.
Janco 2017 Jobs Forecast noted that the telecommunications industry has lost 39,200 jobs in the last year, despite a growth of 88,000 IT jobs.
The company's survey found that fewer companies are offering new executive and senior management positions in IT, although IT staff is increasing on the whole.
Janco CEO Victor Janulaitis says the executives his company interviewed expressed a wave of confidence after the 2016 U.S. election, but that sentiment has faded.
"It seems the tide has turned and they now feel there will be less growth in IT budgets for the remainder of this year. Janulaitis said. Hiring prospects are marginal at best, except for IT staff at the worker level in the latter part of this year."more info
Chief Digital Officer - Hot New Job Title
The CDO is not only a digital expert, but also a seasoned general manager - 1 in 5 companies have the role filled
The Chief Digital Officer (CDO) is the executive responsible for the digital agenda within an enterprise. That means thinking more about the business case first than technology implementations. As the role is transformational, the CDOs is responsible for the adoption of digital technologies across the entire business. As with most senior executive titles, the responsibilities are set by the organization's board of directors or other authority, depending on the organization's legal structure. The CDO is responsible for digital consumer experiences across the entire enterprise and its operations.
Some of the responsibilities of this role include:
- Earning company-wide commitment - Getting everyone on board with the digital vision is a major endeavor task with internal politics and an ever-changing digital landscape.
- Developing a digital strategy mission statement - CDO is responsible for end-to-end strategy, design and implementation of the company's digital roadmap.
- Creating the bridge between data and the business operations - the CDO focus is the relationship between the data and the customer.
- Maintaining links with experts.
- Maintaining a balance between business and technology.
- Connecting digital investments to enterprise KPIs in order to achieve positive digital transformation.
Top Paid CIOs
Top paid CIO positions have broad responsibilities -- Highest Paid in CTO $13.7 million
Janco has just completed its review of the top paid CIOs in publicly traded companies. Two of the individuals who were on the list last year have had their roles expanded so they have more than IT within their scope of responsibilities.
Some of the individuals in the this years list also have broad operational responsibilities. If they are successful this year they will be excluded from next year's list.
How to Build a Productive Organization
Everything you need to respond and hire as demand for IT Professionals increases key to productivity
The right staffing is the one sure way to dramatically boost an organizations productivity. Companies need high performers, which means placing a focus on attracting, developing and retaining top talent at every level. Factors that are critical in this are:
- Understanding what a high-performing organization looks like
- Grasping what high-performing employees want.
- Building appealing job roles
- Creating an enticing workplace culture
When it is necessary to hire, it is critical to make every hire count. There is little room for error. It is crucial for senior-level leadership, human resources and hiring managers to all be on the same page and do the right thing.
Simplify Recruiting While Making- more info
Sure You Hire The Best IT Staff Possible
Service sector jobs next to be automated
Service Sector is the next to face mass automation
Future automation will not be taking place in the traditional manufacturing sectors that have already felt the brunt of automation, but in regions that have a preponderance of low-skilled jobs. Most susceptible to job losses are people working in food preparation and serving, office or administrative support, and sales. Las Vegas, for example will see a loss of 65% of it jobs. Service sector employment, once the panacea to a fading manufacturing landscape, will the same losses that the blue-collar sector suffered not so long ago.
Other cities that will see major job losses include: El Paso Texas - 64%, Riverside California - 63%, Greensboro North Carolinia - 63% and seven others with rates at more than 60%.