Personal Finances Worries Dampens Mood Among Tech Workers

Worries about personal finances took a toll on job confidence among tech workers in August, according to the latest monthly report by outsourcing and staffing firm Hudson. Compared to a base score of 100, job optimism among the 400-plus IT and telecom workers surveyed by Hudson fell 7.6 points to 105.1 in August. Although that […]

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Worries about personal finances took a toll on job confidence among tech workers in August, according to the latest monthly report by outsourcing and staffing firm Hudson.

Compared to a base score of 100, job optimism among the 400-plus IT and telecom workers surveyed by Hudson fell 7.6 points to 105.1 in August.

Although that drop in confidence among tech workers was pretty steep last month, as a group they were still more upbeat about their jobs than the overall 9,000 workers across all the sectors that Hudson surveys. The composite index for all workers fell 6.6 points to 99.2.

Money concerns seem to be the root of jitters among techies -- as well as with all workers, including those in the accounting, finance, manufacturing, and health-care sectors that Hudson surveys.

"The housing market and stock market [turmoil] affected everyone [surveyed]," said Tim Bosse, a Hudson executive VP, in an interview. "With the stock market, anyone looking at their personal investments or 401K gets worried. With the housing market, anyone looking into buying a new house, refinancing, or touching equity -- it's the same [worries]."

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Finance, IT Professionals, IT, Information Technology, Tech Workers, Tech News

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Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he’s engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.