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Network World - IT professionals could use the inevitable retirement of millions of baby boomers to get higher salaries, better benefits and long-term job security, according to Forrester Research, but at the same time, IT managers will face a skills shortage that could hinder IT's ability to support a business.
With an estimated 25 million Americans set to retire by 2020 across all industries, Forrester Research says IT job seekers will have the upper hand when dealing with hiring managers eager to replenish lost expertise. According to Robert Half Technology's survey of about 1,400 CIOs some 16% planned to hire IT professionals during the first quarter of this year -- a number that represents the largest hiring increase since the fourth quarter of 2001.
"The IT job market is hot once again. High demand for constrained pool has shifted the leverage to candidates," the Forrester report reads. The research firm this week released a paper detailing best practices in recruiting IT talent and recently examined in another June report how the loss of baby boomers would affect U.S. IT departments.
"It professionals have more options and are pickier in their employment choices. Because there is great demand, IT workers, especially those with highly sought after skills, require extra wooing from IT leaders," Forrester says.