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Melbourne IT&T Market Update: February 2010
2010 has begun with a bang in Melbourne with strong hiring activity and intentions. Roles in the contract sector have risen by 218 percent over the previous year, while permanent hiring has increased by 27 percent on January 2009 figures.
With such a strong and confident start to the year we believe that demand will continue to increase and competition for good candidates will move back to pre GFC levels.
We expect to see a swing back to contracting in the general market and are advising companies to be clear about their EVP and ensure they have a very smooth hiring process to ensure the best chance of attracting permanent staff.
Predicted In Demand Skills
Demand is expected to be strongest for candidates with infrastructure experience and skills including:
- Project Managers
- Business Analysts
- Testers
- Java Developers
- ERP skills such as Oracle and SAP (continuing to be in hot demand)
- .NET professionals
Predicted Growth Sectors
We are seeing strongest demand currently from the Banking sector, for core banking upgrades and business-as-usual projects, as well as the Utilities sector, for smart metering projects which will continue gaining momentum this year.
The broader market is expected to recover in line with general business conditions.
Contract Rate Predictions
As contractors are approached with new and sometimes multiple opportunities, rates pressure will occur, particularly for Project Managers, Business Analysts, Testers and other niche skill sets.
Permanent Salary Predictions
We expect salaries will increase as a result of lack of available talent. The nature of upcoming projects in the industry will suit contractors so we expect contracting to once again become more lucrative.
Tips for contractors
Most importantly, have a plan about what you really want, determine where the growth areas are; and what technologies will emerge in 2010 and beyond; and then work out how to align your skills with them. The IT industry is continuously evolving and those that evolve with it will remain in demand.
We believe that 2010 will provide a great opportunity for candidates (who with a little bit of planning) to position themselves to ride the next wave of recovery so that when the cycle turns their skills are not redundant.