So the recession is tough. I find that any downturn in the global economy means that it's tough for developers, because now that the world relies on IT (I mean try and think of a business that can get away without using a computer). Businesses today depend heavily on IT and therefore invest vast amounts of money in their internal development and infrastructure. Therefore it makes perfect sense that any call for tougher spending or cost cutting and you go after the most costly workforce or rein in the costly projects. Bang! there go the developers out the door. Whilst I understand the mentality and agree with the business ethics, its hard as a developer to not feel victimised by the economy sometimes. On the up side developers are paid well and therefore take the cons with the pros.

I read about the lack of opportunities this recession has cast upon the new age of developers and feel I need to help them or at least advise those looking for work. What never ceases to amaze me is how little we can predict or understand business trends within such a period, so it comes as a shock to me what I am saying to my sales team and writing in my own blog. The financial world needs you! At present my developers are receiving approximately one call per day from different agencies, tempting them to haul out and leave my business and go to work for the banks direct. The investment banks are expanding and a tremendous rate this year and at the peak approximately two months ago, I personally was receiving over 3 calls a day. My only explanation is that within recession comes buy-outs and bankruptcy, so the banks have new businesses to incorporate and IT systems to merge. In addition to this those clever bankers have come out the recession having written off all debt (now wouldn’t that be nice). So they are now spending there way into better results for next year.

Getting in is tough, but banking maybe for you.