October jobs market consistent: Recruiters

Post-election jobs market solid for two months running

The IT jobs market has seen another month of consistent growth cementing the sector as one of the leading occupations and again outperforming the wider jobs market.

The findings, reported in the latest Advantage Jobs Index, show overall job ads have risen 3.29 per cent seasonally adjusted, up from 2.81 per cent in August.

ICT job ads saw a 5.57 per cent increase month-on-month, an increase from 2.9 per cent, while the sector also saw a growth of 41.2 per cent over the last 12 months.

Advantage Jobs Index director, Robert Olivier, told Computerworld Australia that the results showed the market has had two solid months post-election, specifically the IT sector.

“It’s now placed as the third strongest occupation,” Olivier said. “It’s an important point I think because at one stage it was lagging and now it’s leading.”

The index also reported the increase in overall job ads has risen for 13 consecutive weeks, which the recruiting firm claims is a post GFC record.

“I think business confidence is up and I think businesses are now past the point with the GFC where they have to watch their cash,” Olivier said. “I think the climate has now changed and they’re feeling more comfortable with where they’re at, therefore they’re going back to the things they previously put on the shelf a year or two back when they said ‘we just can’t do this IT project now because business is too uncertain’.”

“Last month’s rise was a relief, whereas this month is far more constructive and indicates we’ve got consistency now,” he said. “It’s a far stronger indication that the market is settling into a growth pattern.”

According to Olivier, the IT graduate job ads, which recorded a decrease of 2 per cent over the past 12 months, is a surprise, and predicts it will increase in the future.

“IT has been a late responder in terms of experienced hires so I expect graduate hires will follow in due course, people look for experienced hires and then if they can’t find them there they go back and say ‘right we’ll have to train people up from scratch’.”

A quarterly report from IT recruitment firm, Hays Recruitment, noted that the IT sector has “definitely recovered”, recording an increasing number of roles being advertised at all levels, evenly split over temporary and permanent roles.

The report also predicts the sector will see a steady increase in demand and recruitment across the quarter.

“We will likely see businesses examine their staffing needs carefully and act to secure the depth of talent required in a market that is increasingly becoming skills-short,” the report reads.

According to the report from Hays, the ongoing shortage of “good” ICT skills, in addition to growing vacancy activity across the market has prompted employers to review employee salaries to help attract and the talent. Additionally, employers have been offering more flexible working arrangement with employees.

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Tags IT careersIT jobsIT jobs marketAustralian IT jobs industry

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