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St. Louis Adds 2,600 Tech Jobs
ST. LOUIS (PRNewswire), June 29, 2008 - AeA, the nation's largest technology trade association representing all segments of the high-tech industry, has released Cybercities 2008: An Overview of the High-Technology Industry in the Nation's Top 60 Cities. This detailed report tracks trends in high-tech employment, wages, establishments, payroll, employment concentration, and wage differential at the metropolitan level.
The high-tech industry in St. Louis added 2,600 net jobs, a five percent increase, for an industry total of 52,800 in 2006, according to the most current metropolitan data available. This was the eighth fastest growth in the nation and the fourth consecutive year of growth. These jobs are also high paying; the average tech industry worker in St. Louis earned $74,600, or 79 percent more than the metropolitan area's average private sector wage.
The largest high-tech sector in St. Louis was computer systems design and related services, which employed 12,800 workers in 2006. This was followed by telecommunications services, with 12,700 workers, an increase of 700 jobs over the previous year.
"St. Louis' high-tech industry has now seen four straight years of job growth and unlike most other cities has fully recovered from the tech bubble downturn in 2001," said Ed Longanecker, Executive Director, AeA's Midwest Council. "However, in order to continue this growth, Congress and the President need to fully fund the America Competes Act, which passed by overwhelming margins in 2007. This Act invested in scientific research - the seed corn for future innovation - and math and science education to prepare the next generation of scientists and engineers. Unfortunately Congress never funded the bill. We call on them to do so this year. American competitiveness depends it."
Cybercities 2008 shows that the top five cybercities by high-tech employment in 2006 were the New York Metro Area, Washington, DC, San Jose/Silicon Valley, Boston, and Dallas-Fort Worth. The nation's highest tech industry concentration was in San Jose/Silicon Valley, where more than one in four private sector workers were employed by the tech industry. Seattle saw the largest tech industry employment growth, adding 7,800 jobs in 2006.
Sottrade Recognized for Its Above & Beyond Program
ST. LOUIS (BUSINESS WIRE), June 29, 2008 - Scottrade, a leading branch-supported online investment firm, has been selected as No. 16 on IDG's Computerworld magazine's list of the best workplaces for information technology professionals. This is the first time that Scottrade has been named to the Computerworld list. The ranking comes just months after FORTUNE magazine named Scottrade one of its 100 Best Companies to Work For in America.
Scottrade, which has more than 2,000 associates and 358 branch offices nationwide, is a rapidly-growing organization that relies on IT for the core of its business. This has led to tremendous career advancement opportunities for Scottrade IT associates. In 2007, more than 55 percent of IT positions were filled internally. Currently, Scottrade has more than 60 IT positions available and anticipates a 70 percent increase in IT staff in 2008.
"This recognition as one of the Best Places to Work in IT is an incredible honor for Scottrade and all of our associates," said Scottrade Founder, President and CEO Rodger Riney. "Our IT department has experienced a tremendous amount of growth throughout the past several years. This has allowed us to bring in a group of talented, hardworking and collaborative individuals who play a crucial role in the overall success of this organization."
In addition to the collection of outstanding benefits that are available to all Scottrade associates, such as a generous 401(k) match and wellness and tuition reimbursement programs, IT associates have the rare opportunity to learn about and interact with the latest state-of-the-art technology. In addition, the majority of Scottrade's customer-facing applications are custom-developed, in-house applications, providing unique opportunities for IT associates.
Scottrade's Above &amap; Beyond program allows associates at all levels to recognize performances that exceed expectations through e-cards and awards that carry points for a job well done. Points can be redeemed for prizes that range from gift cards to all-expenses-paid vacations.
The firm's fast-paced environment and cutting-edge technology has lent itself to a relatively young IT staff - the average age within IT is 35. Associates have the opportunity to take on responsibility and have an immediate impact.
"Recent college graduates join the company and bring new ideas to the table from day one," said Ian Patterson, Scottrade Chief Information Officer. "Because Scottrade moves so quickly without a lot of red tape, employees actually see things happen, which is motivating."
"Scottrade's IT department works in a collaborative environment in which creativity and innovation are welcomed and encouraged," Patterson said. "Nothing is more fulfilling than watching the IT department use their innovative skills and knowledge to benefit themselves and this company."
Jamie Kuttenkuler, Scottrade's Manager of End User Technology, has been with Scottrade for five years and has been promoted twice before reaching her current position.
"Everyone is so helpful, patient and friendly," Kuttenkuler said. "I love coming to work and seeing my team that I work closely with every day. We have a great culture. I love how we promote from within to create opportunities and career paths for lots of different people - including myself."
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