Maybe not quite as dramatic as that but things definitely seem to be moving in the right direction. Job security has been the mantra for many during the last five years and, just as follows a weak property market, confidence takes time to build. IT professionals however have been using this time to expand their technical skills and to try and increase their value to existing employers. At times business survival strategies have taken precedent and the axe has fallen regardless of individual expertise, but whilst it is still quite common to see announcements of lay-offs these are not hitting the head-lines like they were over recent years. It appears that technology companies are now better placed to deliver products and services from a healthier cost base, and end-user organisations are starting to reinvest more heavily in IT business solutions. In effect the turbulence of the last few years is starting to recede and more stability and growth are appearing over the horizon.

Will this lead to better times ahead for IT professionals?

The outflow of technology graduates from colleges and universities has been lower in many western countries than during the 1990s, and the expanded skill set of those already in the industry is again being recognised as an asset by employers. The end result is that staff retention is moving back up the company priority ladder. The time of the employer holding the high cards is levelling off and salaries are starting to increase as companies seek to retain and attract skilled individuals. Off-shore outsourcing still remains an important aspect but the initial fears seem to be diminishing. Economies work on a supply and demand basis and in many cases the demand factor includes providing the right level of service to your customers. It may be a small world, but when you call your local insurance company to confirm theyve received your letter, it isnt much help when an agent in another continent tells you they have no way of knowing and can you check back in a couple of days. Further than that, IT managers like to have their key skilled workers close to hand as this facilitates easier communication and faster change when business needs demand it. The jury is still out on outsourcing but the verdict is yet to be determined!.

Many internet-based job boards are also announcing an upsurge in IT opportunities, with some quoting the technology sector as accounting for up to 20% of postings. The growing requirements appear to cover all areas of expertise, and the outlook appears positive whether you already have the experience or whether youre an IT graduate looking to enter the profession. There also seems to be a healthy split between contract and permanent positions, and the forecasted trend towards the use of virtual resources (freelance and self-employed individuals) is becoming increasingly more visible.

What does this mean for us as individuals?

In many ways its justifiably difficult to move from cynicism to optimism after a long slump in the industry. The high-flying days of the 80s and 90s will feel like a distant past for many and the tighter times of recent years are still fresh for most. Job security remains a focal point, however as confidence builds, and individuals start to look outwards, the attractions of a more fluid market will start to appeal. Perhaps best placed to take initial advantage will be graduates coming into the profession, those still redundant, and others who have embarked on self-employed technology careers. By nature they will be actively looking for opportunity and as such will often be the first to get their feet in the door. Employers will still have to work hard to attract employees from other organisations as those who have ridden the turbulences in their current position may be more reluctant, initially at least, to consider new horizons.

In conclusion..cautious optimism is a worn out term and often ignored but maybe its time to pay more attention to the words of the analysts. If we accept an up-beat outlook then it doesnt do any harm to at least be ready for change. Career coaches, resume writing services, outplacement organisations, and many other employment support resources recommend a similar approach to career progression, i.e. be prepared!. If you want to be positioned to react then make sure your resume is up to date, professional, and reflective of your achievements. Be aware of your skills and your value in the market and keep an open, but astute, mind to career opportunities. Gather information about potential employers before you go to interviews, formulate your strategy and how you want to market yourself, and base your approach on the fact that job or contract negotiations should be a two-way process. The objective is to create a scenario whereby both parties know they are investing in an agreement that will provide mutual benefit.

It's still a competitive market but we should be seeing more smiles on IT Professionals faces.