U.S. to Face Continued IT Labor Dearth
NEW YORK—The current dearth of rank-and-file IT professionals has many financial services firms quickly approaching the same hiring situations they faced just prior to Y2K when 10 to 20 percent of IT positions went unfilled, say industry insiders.
Natalie Leone, director of global infrastructure solutions (GIS) recruiting for Merrill Lynch, says that it is extremely difficult to find the right people, as Merrill Lynch and its competitors in global investment banking and securities vie for a
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