IT Jobs Report October – Remaining Candidate-Driven
There’s more talk than ever about a General Election and if this happens, prepare for more IT jobs confusion. The UK still doesn’t know what the financial outlook might be – post whatever Brexit deal might or might not arise. One thing remains clear though and that is the strong, experience candidates still have plenty of job options, both contract and permanent.
IT Candidate Jobs Slowing Down
One of the key points that can be taken from the latest IT industry figures is that IT jobs might at last be starting to slow down as vacancies finally reach a two year slow in growth.
One of the big indicators was the slow down in growth, the slowest for 48 months, combined with a rise in temporary placements last month.
And this is one of the biggest ironies regarding the looming potential General Election.
IT is a sector where demand tends to exceed supply; there are more jobs available than experienced or qualified candidates.
This means that it will always have a need to hire from abroad to ensure it fills the growth of IT roles in the UK. Which is a similar situation to the healthcare sector.
But that’s besides the point, it always has. The issue still exists, that after the eventual withdrawal agreement is made with Europe, what happens to the enormous amount of talent (some of which has already hot-footed it back to Europe) that the IT and Tech industry utilises from across the other side of the English Channel?
Perhaps only time, and further increased competition will tell. But here at Ascent People, we’ve seen increased difficulty in finding the right talent for clients.
When that talent isn’t quite what is expected, because the available candidates aren’t seen as well-qualified as hiring managers have previously known, that’s when placements experience less than smooth transitions.
The Opposite Side Of The Coin Is Higher Pay
Salaries in IT are certainly back on the rise. Last month starting salaries for permanent placements increased at its sharpest rate since April 2015 and temporary placements also saw another rise.
This always goes hand in hand when candidate availability for permanent job roles decline and this has been continuing for almost five and half years.
Obviously a low unemployment rate also has plenty to do with this.
What this all means is that clearly people were reluctant to seek new roles with the Brexit-related uncertainty.
IT Report In The North & The Midlands (our focus areas)
Interestingly, the region that performed best was London. Both the North and the Midlands performed roughly in line with the national average in terms of both permanent candidate availability and permanent jobs.
The weakest expansion of IT roles and placements was felt in the North which experienced a slower rate of permanent placements too.
The availability of temp workers decreased at a faster rate across the UK as a whole, reflective of sharper deteriorations in the South of England and London. Conversely, the Midlands and the North recorded slightly softer falls in the supply of temp workers. And this was also reflected in the softer increase in wages experienced by the North too.
Key IT Jobs In Demand:
Data Analyst jobs
IT Security jobs
Java Developer jobs
Software Developer jobs,
Web Developer jobs.
Visit our jobs feed for your next IT role.