A recent study by the Chartered Management Institute (CMI) has revealed that many IT executives are worried about their job prospects in the face of the current financial climate.

However, many employees in the sector feel that they can survive the crunch by keeping in touch with future goals and focus their attentions into working hard on long-term targets.

The survey found that only 20 per cent of IT support workers interviewed felt safe in their current job, with 74 per cent believing that their line of work had become more labour intensive after the downturn had caused cost cutting measures within their business.

A further 42 per cent told the CMI that it had made them more focused at work.

CMI director of marketing and corporate affairs Jo Causon said: "It is vital that the UK's leaders remain composed in the face of growing economic pressure because knee-jerk reactions will only serve to exacerbate the problem."

The CMI is an organisation which is dedicated to the performance of businesses through management.

A recent Connect survey found that the two major concerns about outsourcing services like IT support were 'loss of control' (56 per cent) and 'budget over-runs' (43 per cent).