TechTalentBC Labour Study 2010
The following conclusions highlight a number of the findings of the third wave of the BCTIA’s TechTalentBC Labour Demand Study. The study is a follow-up to two previous waves released in 2007 and 2008. These waves forecasted significant growth in headcount for the BC technology industry in the face of a labour shortage as the industry achieved peak employment in 2008.
- While the BC technology industry was impacted by the economic downturn in 2009 and one-third (36%) of respondent companies reduced their headcount, another one-third (34%) grew their team between Sept 1, 2008 and Sept 1, 2009. Another one-third (30%) stated no change in their headcount in the same period.
- In the face of the worst industry downturn since the technology bubble burst in 2001-2002, the BC technology industry reduced its total headcount by approximately 6%, or about 4700 jobs.
- Encouragingly, respondent companies tend to believe the worst is now over and collectively expect to grow their headcount by 6% in 2010, bringing the industry back to its previous employment peak by the end of 2010 or early 2011.