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IT Job Market Now Exceeds pre-Pandemic size

Tools that the CIO, CSO, CTO, and CFO can use for Infrastructure, Disaster Recovery, Security, Job Descriptions, ITSM, Salary, Change Control, and Help Desk.

Over 3.67 Million Jobs Make Up IT Job Market

The recovery of the IT Job Market is now complete with over 3.67 million jobs.  In addition, the forecast for the next few quarters is positive.  At the end of the second quarter of 2021, 69K jobs had been added.  The forecast for the 3rd and 4th quarters by Janco is that between 40K to 50K additional jobs would be added.   

IT Job Market fully recovered

IT Job Market fully recovered

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- IT Job Market Now Exceeds pre-Pandemic size


Full Employment States

Full Employment States

State unemployment rates continue to improve. At the start of the shutdown there were 14 states with unemployment rates less than 4.5%. In April there were 11 states with unemployment rates lower than 4.0%. Of the these states only one, Iowa had an increase in their unemployment rate and Wisconsin, Kansas, South Dakota remained the same all of the others' unemployment rates fell.

In April there were 5 states at full employment (unemployment rates 3.0% or less) - Vermont (2.9%), Nebraska (2.8%), New Hampshire (2.8%), South Dakota (2.8%), and Utah (2.8%).

Full Employment States

Salary Survey Job Descriptions IT Job Families IT Hiring Kit Interview Guide

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- Full Employment States


IT Job Market projected to continue on an upward trajectory

IT job market prospects are tied to overall US national employment

The latest figures show 23,600 IT jobs were added in April, based on the US Bureau of Labor Statistics (BLS) monthly reports. A remarkable number given that the total for February and March combined was 9,100, a big decline from earlier BLS estimates of 15,900 for the period.

The BLS data is highly volatile, revised downward some months and upward others. Perhaps the 23,600 new jobs seen in April could end up being revised down. Still, the IT industry now has more jobs than when the pandemic hit.

More than 100,000 IT jobs were lost during the depths of the pandemic in spring 2020, though two-thirds of those came back as the year progressed. Still, 2020 ended with 33,200 fewer IT jobs in the US compared to 2019. So far in 2021, 39,500 IT jobs have been added, more than erasing the 2020 net losses.

IT job market recovery from the pandemic

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- IT Job Market projected to continue on an upward trajectory


Cyber Insurance issues a CIO and CSO focus with security threats on the rise

Cyber Insurance is now a common solution to increased security threats

Insurance many not cover the cost of a cyber attackThere is an increased threat of cyber attacks and some CIOs are looking for cyber insurance. Insurers now are demanding more compliance mandates as  they become more selective over  companies they cover.  There are fundamentals that organizations should have in place prior to seeking insurance.

CIOs and CSOs need to be ready for an increased level of review from insurcance companies to address and identify areas of exposure.

While some insurers are adept at handling claims and acting responsibly, others are as experienced. Organizations have to be very careful to ensure they pick an insurer who is going to help them and who has relevant experience in this area.

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- Cyber Insurance issues a CIO and CSO focus with security threats on the rise


Best Practices To Minimize Ransomware

Ransomware attacks will continue and increase in scope

Ransomware protection best practicesDefensive steps companies can take to prevent ransomware infection. These steps are "best practices" security practices, following them improves your defenses from all sorts of attacks:

Keep your operating system patched and up-to-date to ensure you have fewer vulnerabilities to exploit.

  • Don't install software or give it administrative privileges unless you know exactly what it is and what it does.
  • Install antivirus software, which detects malicious programs like ransomware as they arrive, and whitelisting software, which prevents unauthorized applications from executing in the first place.
  • Back up your files, frequently and automatically! That won't stop a malware attack, but it can make the damage caused by one much less significant.

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- Best Practices To Minimize Ransomware


Two States match pre-pandemic low unemployment rates

Two States are back at pre-pandemic low unemployment levels

All of the low employment rate states with low unemployment numbers saw a reduction in the unemployment rate. The first two states that have gotten back to the pre-pandemic unemployment rate were Kansas and South Dakota.

Full employment States

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- Two States match pre-pandemic low unemployment rates


CIO Management and Planning Priorities

Top CIO Management and Planning Priorities

The top 10 concerns are the areas of focus for CIO and enterprises:

  1. Access Management
  2. Work From Home
  3. Mobile Computing
  4. Blockchain, ERP, and Cloud
  5. Social Media Impact
  6. Security and Hacking Staffing
  7. Skills for New Technologies
  8. Risk Management
  9. Data Privacy
  10. ROI on New Technology

CIO Priorities

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- CIO Management and Planning Priorities


2021 Version of How to Guide for Cloud Processing and Outsourcing Released

Cloud Processing guide includes 7 job descriptions and 7 electronic forms

DR/BC are viable options for cloud processiong.  Janco's 2021 version of its how to guide address WFH and using the cloud for DR/BC. 

In a recent survey the firm found that 49% of the companines it audited, depended on some cloud processing in their DR/BC Plans.

Reasons why CIOs recommend Cloud and/or Outsourcing

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- 2021 Version of How to Guide for Cloud Processing and Outsourcing Released


WFH contact information added to DRP Template

Work From Home Contact Information added to Disaster Recovery Template

DRP and WFH considerationsThe Covid has changed the way most companies operate.  A greater number of employees now work from home.  As a result, disaster recovery and buiness continuity plans need to take that into considerations.

The 2021 DR/BC Template has be updated to include WFH contact information in a specialized electronic form. Janco has developed a number of forms as its consultants help world class IT organizations to implement best practices as defined by its templates. Even if you do not think you need the templates you still can get a lot a value from the design and implementation of its forms.

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- WFH contact information added to DRP Template


IT Job Market Shrinks by over 55K jobs

Covid and shutdown cause the loss of many IT jobs

Larger enterprises are closing their doors permanently at a record pace, but that is only part of reduction in the IT Job Market..  The major loss of jobs for IT professions was in SMBs and the consulting firms that service them. There are over 7.5 million small to mid-sized business nationally.  They have been disproportionately impacted by shutdowns. 

An uncounted number of these SMBs are disappearing amid the shutdowns, and the drag on the economy from these failures will linger for some time. Firms with fewer than 500 employees account for about 44% of U.S. economic activity, according to a SBA, and they employ almost half of all IT Professionals.

IT Jobs created in 2021 vs 2020

- IT Job Market Shrinks by over 55K jobs

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