Appeared in: ITwire
Author: Beverley Head
Date: Tuesday, 16 February 2010
After being hung out to dry by the GFC triggered downturn, demand for IT skills is on the march, and with NBN Co predicted to enter the recruitment market in earnest from May, salaries are tipped to rise too.
IT recruitment specialist Peoplebank Australia says that already in some niches skills demand has surged by as much as 218 percent over last year – and the firm is predicting a return to IT skills shortages in some areas by June.
Appeared in: The Australian
Author: Jennifer Foreshew
Date: February 23rd, 2010
Information technology recruiters are predicting a round of musical chairs this year after employees sat tight during the financial crisis. Dissatisfaction over job losses, salary freezes and slashed or axed bonuses has eroded loyalty, according to employment experts.
Employers will have their work cut out keeping talent this year.
Peoplebank forecasts that the IT sector – which went from ‘overheated’ in mid-2008 to a sharp correction in 2009 – will rebound in 2010 to near-record levels. In our first review of salaries for 2010, we believe that while salaries are yet to shift significantly on 2009 rates, surging demand suggests an IT skills shortage will be evident as early as mid-year.
Our data indicates that…
– Demand for some skills has risen by up to 218% on last year
– NSW, VIC and WA are leading the way with signs that a long boom is ahead for IT skills
– The skills shortage is likely to be evident as early as mid-2010 with consequences including jobs volatility and salary surges
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The first half of 2010 is expected to see the challenging conditions of 2009 continue in the ACT market. We are however expecting some pick-up in the second half of the year as new projects come on line and Finance starts to release some of the investment funds which have been acquired as a result of Gershon savings.
While there has been some strong hiring activity in the past quarter, we are seeing this drop off substantially.
We believe that the full impact of the Gershon Review will be felt this year as Agencies attempt to achieve the desired levels of compliance with regard to ICT savings in BAU and contractor reductions.
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.
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