"IT jobs are riding high - the highest I think I've ever seen"
Posted on 8th March 2018
I can do no better than to quote directly from the most recent Markit survey of the recruitment scene in Scotland. The introduction to their report for February says:
"...recruitment consultancies signalled a further sharp rise in permanent staff appointments during February. Additionally, temporary staff billings rose at the fastest pace in five months. Demand for staff was strong, with both permanent and temporary job vacancies rising at quicker rates. Meanwhile, the supply of candidates available to fill both permanent and temporary roles deteriorated. Strong staff demand and a declining supply of candidates ultimately led to further increases in pay... For the thirteenth successive month, permanent staff placements increased in Scotland."
Within this, IT jobs are riding high - the highest I think I've ever seen. The two tables below on the left show the position for both perm and contractor IT jobs in Scotland.
There is, of course, a downside to this, namely that the supply of candidates, not just in IT but across many sectors, is, to put it mildly tight, and in some areas extremely tight. This is a trend that Markit reports has been apparent for six years in the perm jobs market. For temp contractors, things are only slightly better, but we've now seen 13 consecutive months of decline in the availability of contractors. This obviously kicks through into salary inflation and here Scotland is ahead of the UK with slightly higher wage growth for the second month in a row.
In the country (UK) as a whole, IT is again out in front when it comes to permanent jobs, but actually only ranked fifth for temp/contract staff (see tables on the right - and bear in mind that for all these tables any figure over 50 shows growth on the previous month). Across the UK, availability of potential new staff continues to decline, but not at the rate seen in Scotland, or indeed in the South of England.
On the face of it, this is a good time for recruitment companies. However, as we constantly discuss in our offices, it's only a good time for the good recruiters. Employers have urgent needs but above all what they want are quality candidates who match their needs. That's the job of the (IT) recruitment industry and although it's clearly increasingly difficult it's one I'm pleased to say Be-IT is well placed to meet.
Gareth Biggerstaff, CEO, Be-IT
Posted in Recruitment News
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