This economic crisis is inordinately rough for IT professionals in the insurance industry and beyond. In January, INN reported this message from Janco Associates Inc., Park City, Utah, which had just released its January 2009 IT Salary Survey. Janco’s survey charted the salaries of IT workers, and included data from insurance companies, among others.
“The job market for IT professionals is one of the worst that I have seen since the late 1970s,” says Victor Janulaitis, CEO of Janco Associates. “There is a surplus of IT talent, and companies are in a cost-cutting mode.”
However, this could provide the insurance industry an opportunity to attract a new and different workforce.
Many IT professionals are considering changing careers, but are, understandably, concerned about wasting the investment in their education and experience, according to Janice Weinberg’s book, “Debugging Your Information Technology Career.” The book features 20 alternative fields where computer professionals' technical knowledge will be advantageous.
Weinberg is a career consultant formerly with IBM and GE, whose IT background enabled her to identify the 20 careers.
While most of them aren't usually thought of as computer jobs, computer proficiency is a key qualification for success in each. For example:
• An architect's knowledge of best practices in systems design would be a strong asset in a technology due diligence position
• A software engineer or project manager who supported CRM applications would bring desirable qualifications to the technology alliance function of a company marketing CRM software
• A network security administrator could perform well as a cyberliability insurance underwriter or broker
• A business analyst who guided logistics staff in defining their IT requirements could parlay that experience into a corporate development analyst role at a company marketing logistics software
• Any IT professional who can assess the commercial potential of new computer technology could qualify for a position as an equity analyst covering the computer industry
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