Tech jobs on the rise, report says

The technology job market has seen its share of doom and gloom in recent years, but a Deloitte survey released this week provides a ray of light to downtrodden tech workers.

Deloitte’s FAST 500 survey, an annual poll of more than 150 Canadian and U.S. CEOs of companies on Deloitte’s FAST 500 list, found 95 per cent of the firms planned to boost their headcounts this year.

The FAST 500 is an annual ranking of the fastest growing technology companies in North America, based on percentage revenue growth over the last five years.Future hiring will take place in two main areas – technology and sales.Text The results of this year’s survey weren’t all that surprising, says Garry Foster, national director of Deloitte Canada’s technology practice.

“In early 2000, companies were cutting back employees to try to get back to profitability,” he explains. “Companies are in the stage now where they’re profitable and they’re trying to grow internally.”

Future hiring will take place in two main areas – technology and sales, Foster says.

“In Canada we’re seeing more demand for sales and marketing people as opposed to technology developers,” he notes. The reason for this, Foster believes, is that Canadian companies have to worry about reaching the entire North American market and not just their own country.

“You generally aren’t going to develop products just for the Canadian marketplace, so there’s a real sales and marketing drive we’re seeing in Canada.”

The survey also found that FAST 500 CEOs were much more optimistic about the economy and their prospects this year than they were last year. Thirty-six per cent of CEOs were extremely confident about their companies’ future growth in this year’s survey, compared to 21 per cent last year. And only two per cent cited the economy as a concern, a steep drop from 16 per cent in the 2004 survey.

Related links:

Young males continue to dominate tech world

Call centre jobs on the rise in SA’s Western Cape

Canadian tech sector jobs growing: survey

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Empowering the hybrid workforce: how technology can build a better employee experience

Across the country, employees from organizations of all sizes expect flexibility...

What’s behind the best customer experience: How to make it real for your business

The best customer experience – the kind that builds businesses and...

Overcoming the obstacles to optimized operations

Network-driven optimization is a top priority for many Canadian business leaders...

Thriving amid Canada’s tech talent shortage

With today’s tight labour market, rising customer demands, fast-evolving cyber threats...

Staying protected and compliant in an evolving IT landscape

Canadian businesses have changed remarkably and quickly over the last few...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now