In IT, Boomers are out, raises are rising — and change is coming
A new generation of IT pros is taking over as Baby Boomers continue to retire from the industry in droves.
Today, Gen Y “Millennial” employees (born in the 1980s through the mid-90s) make up more than 49% of the total labor force; Gen Xers (born between 1965 and 1981) represent 37%; and Baby Boomers (born before 1964) have shrunk to only 14% of the total labor force, according to recent US Bureau of Labor Statistics (BLS) data.
“Retirements of IT professionals has increased as more Baby Boomers opt-out of returning,” according to the salary survey by IT employment consultancy Janco Associates and eJobDescription.com. “Consultants who augment IT staff and skills are beginning to re-appear in many enterprises.”
Read more: In IT, Boomers are out, raises are rising — and change is coming