One of the most common questions being asked right now is “are salaries and contract rates going up in line with the increase in demand for IT resources?” My initial reaction is a resounding, ‘yes’, however looking a little deeper there are some interesting points of note starting to occur across the Technology Industry.
Using the relatively widespread salary benchmark reports that pop up on the internet from a variety of sources, I was surprised at how low some of the average salaries were being reported. They certainly didn’t match up with what I was seeing day-to-day but with any statistical data you cannot read too much in to it without carefully examining the small print i.e. Scope and reach of the survey and the number and class of respondents.
So digging a little deeper I used a matrix of tools to see if there really was any truth to the rate changes being reported. Using a number of major job boards and cross referencing our own candidate database information and job placement data I was able to refine my findings. Finally to add a further layer of reference I spoke to other IT recruiters and a number of my current clients. Read more…
While it may be a little colder down south, things are certainly heating up in the Melbourne IT Market, with massive growth in the number of IT jobs across the board.
With two of Australia’s most prominent banks based in Melbourne and many head offices, and shared services teams it seems that if you’re in IT then Melbourne is the place to be.
Recent confirmation that the NBN (National Broadband Network) head office will be based in Melbourne, means an expected 25,000 positions will be generated during the projects lifespan. With majority of these jobs being IT centric, particularly in infrastructure fields, Melbourne will become a goldmine for the IT job hunter. Inevitably IT professionals from around the country and abroad will be called upon to lend their skills down south.
With this week’s announcement of the 4th generation iPhone and the recent release of the iPad, Apple now looks well placed to lead the pack in the mobile computing world. Finally adding mulit-tasking, respectable push email services and document editing abilities, these two ultra desirable personal products can now seriously compete with the likes of the Blackberry’s of the business world (although I’m still baffled and annoyed by the lack of Java support!). In recent years, this technology has revolutionised mobile office functionality, to the point where it is very easy to work and communicate when on the move. Proving their popularity, it is almost impossible not to see these devices in the hands of every commuter on their way to and from work. Here at Ambition we are a recruitment company, therefore staying connected and contactable to each individual client and candidate is essential to our successful business, and these devices are radically increasing our service levels.
So where do we go from here? Originally published in a 1965 paper by Intel co-founder Gordon E Moore, Moore’s Law states that the number of components in integrated circuits used within any electrical device had doubled every year since these circuits were invented. Amazingly this law has proved precisely accurate to this day, allowing all electrical devices to shrink in size yet increase in power on a regular and predicable basis. While it remains hard to envisage what electronic products we will all be communicating with and utilising in the years to come, it is clear that they greatly increase our abilities to service our client and candidate requirements.
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The past few years have heralded what would seem to be the new era of off shoring here in Australia. Numerous large Australian corporations made the big decision to off shore a lot of their IT functionalities to various countries such as India and China in an attempt to capitalize on cheaper labor costs in those countries. I aim to explore the impact of such decisions in the Australian ERP market place and who is really affected by it.
The decision to off shore IT functionalities by Australian corporations created an influx of candidates primarily within the technical space. A lot of developers got relinquished back into the market place as companies off shored any ERP development work that they had. The combination of a decline in the Technical positions available, coupled with the increased number of candidates in the market resulted in not only a reduction on salary expectations but also an increasingly competitive job market amongst technical consultants. Luckily, and unlike their technical counterparts, Functional Consultants were not greatly affected by this as businesses chose to retain their consultants due to the necessity for them to work closely with business users and stakeholders on a regular basis. Read more…
Just as the warm summer weather fades from memory, so too does the first business quarter of 2010. The results for the most part have been encouraging and the sentiment of many is that the good times are once again just around the corner.
In this edition of the Ambition technology Market Trends report:
- A quicker than expected return to the skill shortage problem that has plagued the Australian Technology market for the past decade.
- The drive to recapture market share for many organisations puts pressure on resources internally and creates strong demand for extra headcount.
- It’s not the quantity of resources you employ but the quality and with the imbalance between demand and supply it’s a challenge to find the people who will truly deliver value to your business.
- Perhaps driven by project requirements or maybe by precedent the search for specialist resources pushes up the salaries and rates for technology professionals.
As usual we are always keen to hear from you, please leave your comments, questions or suggestions in the comment section below.
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With the release of the Rudd government’s budget this week, speculation is that employment growth will strengthen from 1% to around 3.5% in 2010. Realistically this means that unemployment rates will drop, demand for talent will increase and the recruitment market is likely to take a turn towards a severe skill shortage not experienced for quite some time. With this in mind what are you, the employer, doing to avoid attrition rates creeping up and losing your key talent to competitors?
With demand increasing dramatically this year within the Banking and Financial services space for Project Managers and Business Analysts, a skill shortage of experienced, competent and skilled candidates is a reality. In a bid to push through various projects and programmes of work delayed due to the GFC, many organisations within financial services now have multiple requirements ranging across a high number of projects. Some organisations are now offering rates and salaries way above market rates in an attempt to attract the best talent in the market, and to tempt those key performers away from their current employers.
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We start the year with fresh optimism, that 2009 is a distant memory and the year ahead is the opportunity to rewrite
the profit sheets of our respective businesses. So that leaves the question, What does 2010 hold for the technology Industry?
In this instalment of our quarterly market trends reports we report on what is happening within the technology recruitment industry, catch up on technology news in our latest podcast with an expert, .and break down what is happening within each sector with the industry.
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This quarter we see business confidence continuing to grow across the Technology Industry.
In this edition of the Ambition Market Trends report, we look at some of the recent trends and news across the IT Recruitment Industry. We speak to an IT industry expert about the adoption of Windows 7 within the enterprise and also discuss iProfile, the latest resume submission tool which brings a list of benefits to hiring managers and potential candidates.
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Andy Cross
We speak to Andy Cross, Managing Director of Ambition Technology about what is happening in the IT sector for job seekers.
He summarises the current trends for job seekers with regards to their employment opportunities and discusses the advantages of working in the IT sector as there is an opportunity for IT teams to reduce costs and increase efficiency.
You can listen to the interview below (3m 12s) or subscribe to our podcast.
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