Apr 27, 2020
Good Monday morning, everybody. Craig Peterson here. I was on with Jack Heath this morning. We talked about the demand for Cybersecurity professionals and Information Technology specialists and the future of business in our post Corona environment. Here we go with Jack.
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All right, right now, Craig Peterson, our tech talk guy, it is a lot of technology going on, Craig, and it's not going to stop and colleges are trying to figure out are they going to be open this fall and have people on campus or not.
[00:00:10] Good morning, Craig. Hey, good morning, Jack. Yeah, we've got an interesting trend happening in the I.T. world right now when it comes to jobs. There's a study that came up from Glass Door that said that all 50 States, of course, have seen drops in tech jobs, but the largest metropolitan areas are the ones that have seen the biggest hit as far as these technology jobs.
[00:00:34] Washington State got hit the worst with a 32.6% drop in hirings in the tech business. Of course, some of these new startups are having problems. Here in New Hampshire of course, we've seen some of the jobs, but in the I.T. business, we still have to support all of these people that are trying to work from home, and that's part of the reason why we are at this point anyway, considered to be an essential part of every business.
[00:01:03] Interesting. Well, Craig, I, you know, even, uh, we have the, the secretary of the treasury, Mr. Mnuchin, saying that he thinks the economy will bounce back this summer, but there are other people saying three to six months from now when we could really feel the impact of the economy when some of the stimulus checks go away and the unemployment checks aren't that much and people are not being hired back.
[00:01:22] My question is. how long do they, people might be working from home? I think it's going to be a long time. I think a lot of businesses are going to study this period and say, Hey, it's cheaper to have people working from home. What do you think when it comes to that and technology continuing at home, both for learning and working.
[00:01:37] Well, that's very true for a lot of companies, particularly small companies. It is more efficient. It can be more effective. But you take a look at what happened, for instance, with IBM about two years ago, they decided they would start to have people working from home as well as a cost-saving measure and to help the employees so they don't get stuck in traffic, et cetera.
[00:01:57] And IBM ended up ending that. Program entirely. And so people are having to go into work. And then you have on the other end of the spectrum, people who are working in call center type jobs that have always been closely managed and monitored, and they seem to be at this point looking at cherry-picking, saying, wow, these particular workers did very well at home.
[00:02:20] It is going to save us money. So we're going to see kind of a cross on both sides. Some businesses. Particularly the bigger ones. I think those where you have more creative or more interaction is required. Those businesses are not going to be doing as much work at home. Those where it's more measured, they will be, and you know, there's a new thing out there right now called zoom fatigue and, and that's a problem too when you're thinking about can we continue to work at home.
[00:02:49] People and businesses just don't understand how to work together effectively and still getting stuck in meetings all day. But this time on zoom, zoom fatigue. Okay, so fatigue. Is it real? I think it's like a muscle that's just getting used too much. I think I know a few people with that. Yeah, it's true.
[00:03:09] And it's gonna continue going on. There's no question about it. Schools, I think they are in a much better position to have people working from home. It'll save them a lot of money, but some of them are not issuing tuition reimbursement. It's going to be interesting to see what happens. Will they go back. It's going to be really interesting cause you to take some of these universities and campuses, in-spite of online learning, they rely on their economic model.
[00:03:34] Is rooms and board, meals, housing, all that stuff. And they rely on those students to be there. So you know whether or not they're going to have if a parent loses a job or they have income, displacement you know, 30, $40,000 a year to send your kid to a, an out of state university with rooms and meals that they, they're going to be impacted.
[00:03:52] All right.
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