Study: IT Worker Confidence Drops in Sept.

Worsening personal finances and concerns over energy costs and the upcoming presidential election have hurt IT worker confidence, according to a new study.
IT worker confidence dropped in September, largely due to the growing number who report that their personal finances are worsening and they are unhappy in their current positions.

A study released by New York-based staffing firm Hudson, a division of Hudson Highland Group Inc., also shows that while IT worker confidence is dropping, it's not sliding as fast as it is for all workers nationally.

Across all industries, Hudson reports a decrease in the percentage of private sector workers reporting hiring plans by their employers for the first time in five months. However, private sector employees remain the most bullish segment of the U.S. workforce, according to the Hudson report.

''Workers' optimism about the job market has been impacted by influences such as increased energy prices, lagging salaries, and uncertainty around the presidential election,'' says Jeff Anderson, senior vice president of Hudson Global Resources. ''We expect this speculative environment to continue to have an effect on employee attitudes in the coming weeks.''

When IT workers were asked to rate the welfare of their personal finances, 18 percent reported they were excellent, while 46 percent said their finances were fair to poor.

And the study shows that 33 percent reported that they are looking for a job outside of their current company, but 62 percent say they are not.

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