Coming out of the recession of the early 1990’s, new technologies began changing the application development areas of large U.S. based companies. Instead of continuing to develop large applications on mainframe platforms, companies purchased client server based software and hardware to deliver on the promise of quicker and cheaper development cycles.As the decade progressed, UNIX platforms became increasingly popular, as did large-scale enterprise software implementations (ERP & CRM). These larger systems demanded very specialized, high dollar talent to develop and customize applications to fit the organization’s needs. This phenomenon, combined with the “Dot Com” explosion and the need to deal with “Y2K”, created the “Perfect Storm” for the labor market. The labor shortage for IT professionals, on both the applications and operations sides, resulted in salaries and benefits spiraling out of control. This forced many IT departments to hire less skilled/experienced workers at higher than market salaries. Senior executives felt they were being “held hostage” to the demands of IT workers, setting up a backlash still felt today.To deal with the acute labor shortage, companies commonly employed H1-B resources. During this period, thousands of H1-B knowledge workers were deployed in the U.S. As a rule, these resources were less expensive… Read full this story
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