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High-tech hiring frenzy
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October 11, 1996: 8:18 p.m. ET
Rapid growth of the Internet has created many jobs, few candidates
From Correspondent Rhonda Schaffler
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NEW YORK (CNNfn) -- That rapid growth of the Internet has resulted in a hiring frenzy, with companies creating 100,000 Internet-related jobs so far this year -- more than three times the number created last year. But it's estimated that half of the positions remain unfilled because there are too many jobs and too few candidates.
Broadway Interactive Group is one company gearing up for a major project from a top client. The firm needs to double its small staff to get the job done, but the job of finding people could be harder than the project itself.
Broadway Interactive's president, Bryan McCormick, is looking for workers far beyond New York City.(171K WAV) or (171K AIFF)
Not long ago, new media companies hired by word of mouth or by posting jobs on the Internet. Now, they're swamping headhunters in their search for talent. (1MB QuickTime Movie)
"Candidates at this point really have their finger on the pulse of what's going on. They're getting multiple offers and companies are aggressively counter-offering candidates," said Harvey Weissman of Solomon-Page Group.
The shortage affects everyone from small firms to industry giants like Microsoft.
"We have a number of jobs here in the Puget sound area -- well over 1,000 technical jobs," said David Pritchard, director of recruiting at Microsoft.
College graduates with computer skills command salaries of $30,000 to $50,000. With a little experience the pay increases dramatically:
- Computer Programmers: $50,000 to $80,000
- Content Managers: $80,000 to $100,000
- Tech Support Engineers: $60,000 to $100,000
- Top Executives: $150,000 and up.
"One of the very large assignments we worked on recently, the recruitment assignment for an individual to be a CEO in waiting, was about a $1.3 million package," said Michael Brenner of AMROP International.
Companies and recruiters see no end in sight to the labor shortage. The Labor Department predicts the number of computer related jobs will soar 60 percent over the next decade. Some observers say even that may be a conservative estimate.
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