NJTC Announces the Results of its Technology Industry Employment Survey

July 12, 2012, Mount Laurel, NJ – The New Jersey Technology Council (NJTC) announced the results of its Technology Industry Employment Survey at its Annual Meeting today at the Forsgate Country Club in Monroe Twp. The survey was conducted in conjunction with WithumSmith+Brown, a regional certified public accounting firm and thought leader in the technology industry and Giordano, Halleran & Ciesla, one of the leading law firms in intellectual property and technology in New Jersey.
The purpose of the survey was to access the available talent pool in the Garden State, as well as employment trends in the various sectors of the technology industry. These include: Communications, Electronics and Advanced Manufacturing, Information Technology, Life Sciences, Bio-Tech and Pharma.
Nearly 150 members of the NJTC community participated in the survey representing global, regional and local companies ranging in size from more than 1,500 employees to less than 100.

The survey participants projected a high demand for experienced employees with technical (66 percent) and project management skills (37 percent) in Custom Application Development (47 percent), Network Infrastructure (34 percent) and Mobile Information Access/Sharing (29 percent). Only eight percent of the respondents reported a need for entry level staff.

The majority of the survey participants are keeping jobs within the U.S. Sixty-five percent of the respondents do not recruit employees outside of the U.S., unless the company has a local presence in a foreign country. Nearly 60 percent of the participants that outsource work hire national talent.

Of the 40 percent of the companies that do recruit or outsource work internationally, more than 60 percent allow the use of open source technology. Forty-three percent of these companies are somewhat “deemed” export compliant, with 27% reporting that they monitor “copyleft” open source technology closely.

Nearly 22 percent of the respondents indicated that they do not have the resources to invest in training and developing their staff. As a result, 13 percent of the companies reported that it is difficult for their employees to stay current with emerging technological advances and nearly 8 percent cannot provide the necessary on-the-job training to keep their team in the forefront of innovation.

Employers want to hire people that already have the skills and talent needed for the job. Even so, 19 percent of the respondents reported that it is difficult to find candidates with the right skill-set and when they do, there is a lot of competition to hire those people. Fourteen percent of the respondents stated it hard for them to offer a compensate package at the level need to hire employees to fill IT positions that they need the most.

The top universities to recruit talent are Rutgers (37 percent), the New Jersey Institute of Technology (33 percent) and Stevens Institute of Technology (27 percent). Yet, almost half of the participants (47 percent) do not recruit right out of college or even offer entry-level positions. Instead they prefer to hire candidates with some level of experience. Six percent of the respondents indicated that recent tech graduates lack the skills that translate to on-the-job training.

Veterans are a potential robust talent pool. Yet, only six percent of the respondents frequently participate in Veteran job fairs and 54% percent stated that they never attend these events to recruit personnel. Most did report, however that they would be willing to hire Veterans if they knew how to source them.

Although 74 percent of the respondents do not take advantage of government sponsored employee credits, incentives or programs, 20 percent are doing so at both the federal and state level. Five percent take advantage of incentives only offered by New Jersey and less than one percent participates in federal programs to encourage hiring. Most of the companies reported that they were not aware of the programs offered by either the state and federal government.

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About NJTC
The New Jersey Technology Council provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders. Founded in 1996, NJTC’s almost 1,000 member companies work together to support their own enterprises while advancing New Jersey’s status as a leading technology center in the United States. More information on the Council is available at http://www.NJTC.org.

About WithumSmith+Brown
At WithumSmith+Brown, providing quality service and innovative solutions has been our hallmark for more than 35 years. Clients know they can trust WS+B’s highly-skilled professionals whose expertise in accounting, tax and consulting has repeatedly assisted businesses in realizing their full potential. Learn more about the value the Firm can bring to a relationship at http://www.Withum.com.

About Giordano, Halleran & Ciesla, P.C.
Giordano, Halleran & Ciesla, P.C. is a multi-specialty law firm dedicated to providing sophisticated, complex legal services and solutions. The attorneys maintain personal relationships and gather in-depth knowledge of clients’ businesses and industries to construct both sound legal advice and effective strategies to resolve business issues. With a focus on responsiveness and producing results with outstanding value to their clients’ bottom line, the firm provides experienced legal representation in a wide variety of practice areas, including: Corporate and Business; Creditors’ Rights and Bankruptcy; Environmental; Healthcare; Intellectual Property and Technology; Labor and Employment; Litigation; Real Estate, Land Use and Development; and Trusts and Estates. For more information on the Firm is available at http://www.ghclaw.com.

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Categories: Employment, Events, Job Creation, NJTC Events, NJTC Information Technology Network, NJTC News, Training, Veteran Affairs

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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  1. Tech. Companies Shun Recent College Graduates | Education Equipment | Educational News - August 10, 2012

    […] New Jersey Technology Council released a survey indicating some technology companies are thinking twice about recruiting recent college graduates […]

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