IT job ads have grown 11.75 per cent amid a resurgent market, according to the latest results from the Olivier Job Index.
Overall, job ads rose 5.88 per cent in November, and 7.84 per cent over the last three months, on the back of October’s 1.67 per cent fall, reflecting a comeback in job ads.
Although IT was down 2.60 per cent in the three months to the end of October, Olivier Group director, Bob Olivier, said November’s surprising results can be attributed to the renewed focus companies have on long-term IT projects.
“The IT recruitment market tends to be more driven by medium-long term factors, in particularly business investment conditions,” he said.
“Although interest rates are rising, it does seem the businesses are now again focussing in on medium-term priorities.”
Full-time job ads were up 5.9 per cent in November, and part-time up 4.6 per cent.
New South Wales sits above the national average with a job ad figure of 7.28 per cent.
While the threat of rising interest rates has subdued, it is still having somewhat of an impact on the retail sector.
Olivier said recruitment activity will continue up until the Christmas break, as companies aim to secure new hires for the new year.
The news comes after chief financial officer of of SMS Management & Technology, Steve Kelly, said businesses will continue to import skilled staff for some time to come in order to meet the needs of the Australian ICT sector.