Demand for High-tech Workers Leaps 34%

Demand for high-tech employees in June rose 8.1 percent over the previous month and 26.9 percent compared to June 2004, according to a survey conducted by Manpower Information Technology (MIT), a subsidiary of Manpower Israel.

The survey, based on newspaper want ads, found that demand for high-tech workers during the second quarter of 2005 climbed by 8.4 percent over the first quarter and went up 34 percent compared to the same quarter of 2004.

The second quarter data showed significant growth in demand for workers by companies in the technology sector, MIT CEO Idit Padan said yesterday. Demand had still not reached the levels seen before the high-tech bubble burst, but demand for employees was the strongest since 2002.

Increased demand for workers was found throughout the tech sector this year, except for managers and hardware engineers. Demand for managers was down 14.8 percent during the second quarter compared to the parallel period last year.

"The market is not ready to increase managerial overheads," Padan said.

The decline in demand for hardware engineers in June was apparently a temporary phenomenon and not significant, she said. Demand for these workers during the second quarter was up 6.1 percent from the first quarter and 74.8 percent from the same period last year, the most for any high-tech profession.

Significant increases in job offers were found for programmers, network administrators and support personnel, software engineers and human resource professionals. Demand during the second quarter for these professions soared between 32-48.8 percent over a year ago.

Padan said the increases stemmed from a rise in the number of new start-ups and investment by venture capital funds. Large companies that survived the recession of 2000-2003 increased their sales growth and therefore expanded their operations. More new ideas are entering the market and the stocks are rising accordingly," she said.