The U.S. tech sector will lead the world in revenue and employment growth in the next year, according to a new survey from KPMG, the accounting and consulting firm. India and China will have the second and third most employment growth next year. Last year, the U.S. ranked third in revenue growth, and fourth in employment growth.
KPMG surveyed 102 C-level and senior executives in the computing industry.
The top drivers of revenue growth are cloud computing, mobile apps, and data analytics, the executives said. Mergers and acquisitions will continue to rise, as 68% of respondents said they would be involved as a buyer in the next two years.
Despite the U.S.'s resurgence in tech employment growth, fewer of the executives surveyed say they plan to increase headcount. Last year, 72% said they would hire more, but this year it's only 49%. (KPMG)
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"The average number of applications submitted per job opening fell to 118 in the fourth quarter, from 187 during the same period in 2010, according to new research from the Corporate Executive Board."
"In an effort to school senior executives in technology, social media and the latest workplace trends, many businesses are pairing upper management with younger employees in a practice known as reverse mentoring. The trend is taking off at a range of companies, from tech to advertising. "
"Faced with a dearth of skilled labor, more companies are taking employee education into their own hands.
Unemployment figures are high, but finding workers with the right skills for the job-especially for highly specialized roles such as power plant technicians or laboratory chemists-remains a big challenge, many firms say. In a survey from Lloyd's, the British insurance concern, U.S. executives considered lack of skilled workers one of the greatest risks their companies faced in 2012, second only to loss of customers."
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"Victoria M. Holt, a senior vice president of PPG Industries Inc., quit late this summer to take command of Spartech Corp., where she previously was an outside director.
"I hate to do this to you,'' she recalls telling PPG Chief Executive Charles E. Bunch during a meeting in his office.
No wonder. Ms Holt left just three months after colleague William A. Wulfsohn resigned to run Carpenter Technology Corp., where he also had served on the board. Mr. Bunch wishes both "success in their new positions,'' a PPG spokesman says. "
"Can you teach a dinosaur to dance? More importantly, can you teach him to network in 21st Century style? I was skeptical.
But George Langis, a veteran turnaround executive, dispelled doubts by learning new networking steps that may hasten his job hunt. He went from conventional handshake networking to creating a personal brand that would be easily marketable online. Though Mr. Langis still hesitates to plunge into "tweeting," his experience could benefit countless other older applicants with rusty job-hunting skills. "