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Perth IT&T Market Update: February 2010
Demand has surged in the WA market by around 40 to 60 percent (on 2008 figures) for key skills in the IT sector.
While salary and contract rates remain unchanged from late 2009, the upward pressure is already evident as employers and employees pay close attention to their payscale competitiveness.
Overall, the WA market is extremely skills tight with the available IT skills pool completely absorbed. This has led to many candidates being sourced from the eastern states.
Will 2010 see an improvement on 2009?
Yes, while we believe that this resources boom will not be as large as the last one, we still expect that the market will make solid gains on 2009: up to 40 – 60% growth in the IT sector.
Growth will come from investment in new systems to drive productivity gains and from the many major infrastructure projects now underway, especially those that were placed on the backburner during 2009.
Based on forecasts, the growth cycle is likely to last 5-8 years: underpinned by projects like Gorgon Gas, which are likely to drive growth for 10 – 15 years.
Predicted In Demand Skills
Demand is currently strongest for Business Analysts and Project Managers.
We are also seeing demand for IT professionals with development and infrastructure skills – e.g. in Windows 7.
Finally there is across the board demand for engineering skills, especially in the resources and mining sectors.
Predicted Growth Sectors
We predict that demand in 2010 will be underpinned by major projects in the resources sector – such as the Gorgon Gas project – with demand flowing on to the Banking and Government sectors, as well as businesses supplying to the Resources sector.
Contract Rate and Permanent Salary Predictions
We expect both rates and salaries to gradually increase during 2010, especially as competition for the best candidates intensifies.
Tips for contractors
It’s all about being in the right place at the right time, keep up your skills in current technologies: and as opportunities arise, don’t burn any bridges. During 2010 there may be strong temptation for contractors to jump ship for slightly more money, but be careful to move only for the right reasons.
For eastern state IT contractors there are plenty of opportunities available in the West!