If you have been keeping track of economic data over the past few months, you can’t fail to have heard suggestions that the economy appears to be strengthening;
Following a global study by Microsoft and IDC the number of IT jobs created between 2009 and 2013 will increase, growing by approximately 3% per annum. In real terms there will be 78,000 new IT related jobs created in the UK. The fastest growing sector will be software development.
Commenting on the findings, John Lynes of the Ashdown Group said; ‘it is great to see some positive news for a change. Businesses already recognise the benefits of well developed, efficient IT systems. Throughout the recession we have continued to see strong demand for software development skills and I am glad to see healthy demand predicted for the next three years.’
It is inevitable that any growth in demand for IT skills will have two obvious effects, increased salaries and greater skills shortages. As confidence returns to the IT sector it is likely that undervalued IT staff will start to look at the options available to them and this in turn will create further movement within the IT jobs market.
Small to medium enterprise (SME) companies will suffer most from the war for talent that is likely to ensue. Any upward pressure on salary levels will have a greater affect on smaller businesses as they struggle to compete for ‘in demand’ IT skills with larger companies with bigger budgets
The one area where supply has outstripped demand is the graduate market. Those hoping to get into a company graduate training scheme after many firms froze or scrapped the schemes have been left disappointed.
If there is to be a shortage in skills over the next two or three years, now may be the time to review any previous decision to freeze graduate recruitment?
See http://www.ashdowngroup.com/
Ashdown Group is a leading UK Recruitment Agency. Working with over 1800 UK companies, they are a leading commentator on the employment market.
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