Appeared in: ARN
Date: 02 May, 2011
Author: Jennifer O’Brien

ICT contractor rates are rising, signalling what could be “a record year for contract workers”, according to the latest findings from IT recruiter, Peoplebank.

The Intermedium Federal ICT Labour Index for January and February 2011 is already higher than figures for Jan/Feb 2010.

The latest edition of The Peoplebank Intermedium Federal ICT Labour Hire Index is now available by clicking here

Overview

The Federal Government’s use of ICT contractors strengthened significantly during the first two quarters of 2010-11 (Jul-Dec) with preliminary data for the third quarter (Jan-Mar) indicating further increases.

At Peoplebank we take delighting our clients, candidates and contractors very seriously but we never take ourselves too seriously! As part of the Queensland Government’s Million Dollar Memo campaign we have just submitted a video entry which shows our staff in training for an amazing Queensland adventure!

To see our video click here now

After a clear trend of pay rises in late 2010, we have witnessed contract rate increases levelling off in 2011 to date. We expect sustained pay increases however to recommence in the second half of 2011.

In the past twelve months, workers in both the Mining and Oil & Gas sectors have experienced pay rises of 10 to 20% or more. However, increases were mostly achieved during 2010 – with the first months of 2011 seeing pay remain flat (compared with December 2011) or with modest pay rises of 5% or less (especially evident for contract rates).

By Peter Acheson, CEO Peoplebank

Peoplebank has instituted Parental Leave Allowance provisions that, we believe, sets a benchmark for the recruitment industry.

Qualifying staff will be eligible for up to 30 weeks’ maternity leave – including 12 weeks’ salary (at full pay), combined with the 18 weeks’ pay (at the National Minimum Wage of a gross $570/week). Paternity leave provisions include 2 weeks paid paternity leave.