Economy and Wages Expected to Increase
The latest survey from Duke University/CFO Global Business Outlook predicts employers are likely to raise wages in the near future.
The higher pay is a result of nearly half of United States-based firms reporting that they are struggling to fill job openings in key positions. The survey, which polls chief financial officers, shows 93 percent of U.S. companies with job openings in key positions and half reporting difficulty in filling the positions.
“CFOs say they are increasing wages in response to labor market pressures and difficulty finding key workers,” said John Graham, a finance professor at Duke’s Fuqua School of Business and director of the survey. “Employment should continue to increase over the next year but at a somewhat slower pace. All else equal, we expect the unemployment rate to remain relatively constant.” The survey has been conducted for 78 consecutive quarters and spans the globe.
Much of the difficulty finding qualified applicants for positions in technology is being driven by the cybersecurity sector. 73% of U.S. executives believe the cybersecurity threat is increasing, and the inability to hire and retain expert staff is indicated as the number one factor that hinders cybersecurity improvement.
Businesses are encouraged to invest in training their employees in Information Security, with certifications including EC-Council’s Certified Ethical Hacker, CompTIA’s Security+, and CISSP, governed by the global non-profit organization (ISC)2.
Carolina Career College of Raleigh-Durham-Chapel Hill is holding an Information Technology Open House on Tuesday, September 22nd from 6p-8p at its Research Triangle Park campus, where careers in cybersecurity will be extensively covered.