IT managers have been warned not to be complacent about their staff’s needs and advised to respond to these needs to keep them “satisfied”, following a recent survey by recruitment firm, Greythorn Australia.
The survey of 1,663 IT professionals found that power in the relationship between IT professionals and employers had now swung back to the employee.
“The next three to six months is going to be a very challenging time if you manage an IT team,” Greythorn managing director, Richard Fischer said in a statement. “The current rate of churn among IT professionals is extreme.
“These are professionals in high demand, as a result the lures being used to entice them away -- inflated financial benefits, leadership roles and the promise of a better employment/lifestyle mix -- are hard to ignore.”
Fisher claimed IT managers were largely responsible for the shift in power through their own actions during the Global Financial Crisis -- namely, through cutting staff headcounts to save costs.
“Employers now face the challenge of drastically low average tenure lengths and an IT employee that is mirroring the lack of loyalty demonstrated to them during the downturn,” he said.
Fischer predicted that in the coming six months IT managers would have IT teams that lacked corporate memory, and historic understanding of the business and its IT processes. Employees would also become more demanding of their employers and have little, if any, company loyalty.
“The bottom line is this is a great time to be a talented IT professional,” Fischer said. “They know their employer is unlikely to be letting IT staff go any time soon so they can canvass the market and make some significant career steps forward.”
The research follows a quarterly survey by recruitment firm, Hudson ICT, that indicates Australian ICT employers’ hiring confidence is the highest in two years.
The latest Advantage Jobs Index also showed a month of consistent growth, cementing the IT sector as one of the leading occupations and again outperforming the wider jobs market. 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.