Local recruiting continues to tap deep talent pool

IT managers who are ready to hire staff now have access to a pool of talent of greater breadth and depth than at any time in the last two years, according to recruitment consultancy; Robert Walters.

Joshua Sparks, director of Robert Walters' IT division, said a number of factors contributed to the availability.

"Some major US companies have issued global headcount freezes because negative consumer sentiment [in the US] is leading to negative corporate sentiment. However, the situation is quite different here. While we didn't enjoy the dizzying heights of the technology-led US stock market boom, we have avoided the asset price bubble that it generated."

Sparks said because of the short-term hiring freezes issued primarily by some American headquartered businesses, local (or other international) or domestic companies that don't have such ‘caps' can take advantage of what is a short term increase in market liquidity.

While the headcount freeze is just happening in the US, Sparks said they are backing off hiring locals which enables other internationals to take advantage of this situation, with neither the Europe or Asia-Pacific regions "slowing down".

Sparks said the biggest recruiters in Australia at the moment include the professional services, consultancies, domestic investment banks and the "big" telecommunications companies.

E-businesses and start-ups that are "in decent shape" are all still recruiting, Sparks added.

"Those who'll fall in the short-term, have already fallen. So those with good cash reserves or who achieve cash-neutral or cash-positive continue to actively recruit," Sparks said, using one of Australia's leading Internet service providers as an example of "big" recruiting.

Sparks said IT skills will remain high in demand and adds that now is an excellent time to recruit top candidates.

"Long-sighted decision makers should recognise that now is an ideal time to acquire human capital, particularly within the notoriously challenging IT sector."

"Any company freezing human capital growth in the Australian market, because of what may or may not transpire in the US market, risks missing out on the opportunity [in the] Asia-Pacific," Sparks said.

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