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blucher 04-21-2011 08:22 PM

Tech jobs boom like it's 1999
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Tech jobs boom like it's 1999 -


By Jon Swartz, USA TODAY

SAN FRANCISCO ? Some 20 recruiters sized up Scott Mersy as they would a star high school running back. But instead of timing his 40-yard dash or checking his percentage of body fat, they were interested in his stats in cloud computing and online marketing.

Prospective employers from Silicon Valley to New York lined up for the 5-foot-11 225-pound Mersy, who weighed offers from several of them before settling on, a cloud-computing company in San Diego.
?It?s as close as I?ll ever get to feeling like an athlete of any sort,? Mersy, 40, says, laughing. He joined as senior director of customer acquisition and industry marketing in February.
Tech workers like Mersy are coveted commodities as the high-tech industry undergoes its biggest hiring binge in more than a decade. Not since the dot-com bubble of the early 2000s has competition been so fierce. Would-be employees are being enticed with fat contracts, hefty bonuses and such freebies as iPads, meals, sporting events and shuttle services. These and other perks are in play to hook top talent in engineering, social media, website development, product design and management.
Many companies are going gangbusters with billboards in the San Francisco Bay Area ? such as Groupon?s ?Do Something Massive? and Skype?s ?Embrace Your True Calling? ? to attract talent. The signs include links to available jobs.

Google, Facebook and Microsoft are aggressively recruiting college students in hopes of landing them before they graduate, says Gayle Laakmann McDowell, a former Google software engineer and author of The Google Resume: How to Prepare for a Career and Land a Job at Apple, Microsoft, Google, or Any Top Tech Company.
The jump in tech hires highlights what some economists see as a bounce-back in the $805 billion U.S. tech industry that could eventually make a dent in the national unemployment rate of 8.8%. ?The majority of the lost jobs in California were in construction and manufacturing, so gains in tech may help,? says Doug Henton, CEO of market researcher Collaborative Economics. ?The one sector where there is some hope is in construction in clean tech.?
A lot of jobs to make up for
Nearly 150,000 tech jobs are expected to be added this year, says Sophia Koropeckyj, an economist at Moody?s Analytics. In February, there were about 6.1 million tech jobs in the U.S., up 2.4% from a year ago. Yet there?s a lot to make up for: From the second quarter of 2008 through the first quarter of 2010, during the economic swoon, 308,000 tech jobs were lost.
A surge in tech hires in California could portend an upturn for the overall U.S. economy, says Jesse Harriott, chief knowledge officer at online job site

That?s in part because what?s good for tech will touch related industries. Areas such as wireless, computing and energy have an effect on ?a substantial part of the economy, such as logistics, inventory management, enterprise coordination, even hybrid autos, says Shane Greenstein, a management professor at Northwestern University?s Kellogg School of Management.
Entrepreneurs and venture capitalists foresee growth in wireless apps, online gaming and clean tech, he says. ?It is not a classic tech boom, led by a big new opportunity like (Internet) browsing or Web 2.0, but a mixture of a few big and unrelated trends,? Greenstein says.

juliana 05-20-2011 12:20 AM

tech jobs will be added... sure... but WHAT tech jobs?

most programming has been outsources to China and India for many, many years already. why hire someone like me who will have to be paid AT LEAST minimum wage (forget about money i was making in 1999...) when you can get the same work done for under $100/week?!?

blucher 05-20-2011 11:24 AM

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and pull all our troops out of Afganistan back to guard the USA boarders.
Against who?

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