IT jobs increasing in the tech sector

May 4, 2005     Page 1 of 2

According to a Deloitte survey released yesterday, the IT job market provides hope for tech workers. Deloitte’s study, called FAST 500 is an annual poll of more than 150 U.S. and Canadian CEOs of companies in many industries that are on Deloitte’s list. The report reveals that 95 percent of the companies planned to increase the number of their IT employees in 2005.

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. 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.

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