IT jobs market continues to forge ahead
Posted on 10th June 2018
It seems that almost every month we report yet another sharp rise in the recruitment market. The REC/IHS Markit report for May shows that for Scotland the rate of expansion for all jobs (not just IT) accelerated to a 43-month high and was the fastest of all five monitored UK regions. In the UK as a whole, there were "steep rises in both permanent placements and temp billings.. (and we saw) ... staff vacancies expand at the quickest rate since last November."
Moreover, in good news for candidates in both the UK and Scotland, salaries are continuing to push upwards, largely as a result of a deterioration in candidate availability.
When we look at IT specifically, the sector continues to be ranked No 1 in Scotland in terms of demand for both perm and contract workers and a considerable margin ahead of the next nearest sector, which is Accounts and Finance for perm vacancies and Executive and Professional for temp roles, as shown in the two tables here:
What does this all mean for clients and candidates? Well, rising salaries are good for candidates but obviously increase employers' costs. Moreover, the shortage of skilled candidates who will take the employers' firms to the next level means that this premium is unlikely to change in the short-term. In the short-medium term, I can't see any major changes in the IT recruitment market, which means (dare I say it) that if you are looking for staff, whether contractors or permanent, you'll need to talk to a recruiter who knows their stuff. If you are stuck I can recommend someone!
Nikola Kelly, MD, Be-IT
Posted in Recruitment News
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