Tech Execs Optimistic About Returning to Normal

While many businesses across the country are struggling in the face of COVID-19 required shutdowns, tech executives are more positive with nearly two-thirds expecting to see the start of a return to business as usual by mid-summer.

CompTia, the trade association for the tech industry, says 46% of tech leaders are “upbeat and optimistic.” Another 46% say their companies are “hanging in there.” A mere 8% report being in difficulty.

Much of the optimism may stem from the demand for tech services from companies whose employees are increasingly working from home.

When CompTia first surveyed its community and advisory council members in March, three-quarters said they were getting new business and inquiries. The larger share of the new opportunities (38%) came from businesses shifting from on-premises infrastructure to the cloud. In the latest survey, conducted at the end of April, the largest share of business opportunities came from communications, collaboration and video technologies.

For the managed services providers, CompTia’s April survey discovered their new business was shifting to cybersecurity, which grew from 39% in March to 44%. Meanwhile, new opportunities in consulting inquiries and outsourced and managed IT had dropped, the latter by 10 percentage points.

Overall, 83% of the responding tech firms were getting new business.

Tech firms, however, haven’t been immune from the disruption caused by COVID-19. The most recent survey found 58% of tech firms had customers cancel or postpone spending.

Still, barely 20% have laid-off staff or contractors or cut hours. In fact, the survey found 40% had taken no staffing action and more were hiring. The percentage of firms adding staff increased from 9% in March to 13% at the end of April.

Photo by Glenn Carstens-Peters on Unsplash

Green Key Unlocked: Celebrating Pride in Recruitment
General Interest Green Key News Human Resources Leadership + Management Worklife

Green Key Unlocked: Celebrating Pride in Recruitment

Upskilling: Tips & Benefits for Your Organization
General Interest Green Key News Human Resources Leadership + Management Worklife

Upskilling: Tips & Benefits for Your Organization

Forbes Names Green Key on Lists of America’s Best Recruiting and Staffing Firms 2023
General Interest Green Key News Leadership + Management

Forbes Names Green Key on Lists of America’s Best Recruiting and Staffing Firms 2023

Benefits of Offering Summer Hours
General Interest Green Key News Human Resources Leadership + Management Worklife

Benefits of Offering Summer Hours

#WeAreGreenKey: Spotlight on Jack Staub
General Interest Green Key News Pharma Worklife

#WeAreGreenKey: Spotlight on Jack Staub

How to Stand Out at a Career Fair
General Interest Green Key News Human Resources Worklife

How to Stand Out at a Career Fair

4 Ways that Green Key Creates a Mentally Positive Environment
General Interest Green Key News Human Resources Leadership + Management Worklife

4 Ways that Green Key Creates a Mentally Positive Environment

Approaches in Learning: Differences Across Generations
General Interest Green Key News Leadership + Management Worklife

Approaches in Learning: Differences Across Generations

#WeAreGreenKey: Spotlight on Julian Davis
General Interest Green Key News Information Technology Leadership + Management Worklife

#WeAreGreenKey: Spotlight on Julian Davis

Mental Health Awareness: Support in the Workplace
General Interest Green Key News Healthcare Human Resources Leadership + Management Worklife

Mental Health Awareness: Support in the Workplace

Updated Markets for the Green Key AEC National Team
Architecture + Engineering General Interest Green Key News Worklife

Updated Markets for the Green Key AEC National Team

#WeAreGreenKey: Spotlight on Judy Holt
General Interest Green Key News Human Resources Leadership + Management Professional Support Worklife

#WeAreGreenKey: Spotlight on Judy Holt

How to Keep Candidates Engaged During the Hiring Process
General Interest Green Key News Human Resources Worklife

How to Keep Candidates Engaged During the Hiring Process

AI in Recruiting: Pros & Cons
General Interest Green Key News Information Technology Marketing Technology Worklife

AI in Recruiting: Pros & Cons

#WeAreGreenKey: Spotlight on Alyssa Durham
Accounting + Finance General Interest Green Key News Worklife

#WeAreGreenKey: Spotlight on Alyssa Durham

Green Key Unlocked: The Story of Green Key
Accounting + Finance Architecture + Engineering Financial Services General Interest Green Key News Healthcare Human Resources Information Technology Leadership + Management Legal Support Marketing Technology Pharma Professional Support Worklife

Green Key Unlocked: The Story of Green Key

How to Keep Your Team Motivated
General Interest Green Key News Leadership + Management Worklife

How to Keep Your Team Motivated

#WeAreGreenKey: Spotlight on Mia Johnson
Accounting + Finance General Interest Green Key News Worklife

#WeAreGreenKey: Spotlight on Mia Johnson

Impact of Women in Leadership
General Interest Green Key News Human Resources Leadership + Management Worklife

Impact of Women in Leadership

Recognizing Women’s History Month in the Workplace
General Interest Green Key News Leadership + Management Worklife

Recognizing Women’s History Month in the Workplace

Latest Blog Posts
View All Posts
Green Key Unlocked: Celebrating Pride in Recruitment

Green Key Unlocked: Celebrating Pride in Recruitment

All year round, but especially during Pride Month, employers have an obligation to demonstrate inclusive hiring practices, diversity efforts, and...
Read More
Upskilling: Tips & Benefits for Your Organization

Upskilling: Tips & Benefits for Your Organization

Upskilling is the process of employees at your company learning new skills to advance their careers and pursue new opportunities.
Read More
Forbes Names Green Key on Lists of America’s Best Recruiting and Staffing Firms 2023

Forbes Names Green Key on Lists of America’s Best Recruiting and Staffing Firms 2023

Forbes has named Green Key Resources among their lists of America's Best Executive Recruiting Firms, America's Best Professional Recruiting Firms,...
Read More