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Recruitment prospects improving for IT candidates

News | Latest industry survey | Hiring intentions | Greater demand

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IT candidates are likely to be in greater demand in the months ahead as organisations expand their recruitment horizons, the latest industry survey reveals

When questioned about their hiring intentions for the first half of 2014, more than a quarter of bosses (27 per cent) said they are planning on creating new IT positions within their workforce in the first half of 2014, while almost two-thirds (63 per cent) are aiming to fill vacated positions.

The increase in intake will also coincide with a reduction in the amount of redundancies in the sector, with just three per cent of IT executives planning to reduce headcount in the first six months of the year, compared with nine per cent who held the same sentiment in the first half of 2013.

New prospects were found to be the main driver of IT recruitment, with 54 per cent of IT executives citing this, while other key areas included product or service expansion (46 per cent) and IT risk and security (39 per cent).

Report author Phil Sheridan said it is clear that demand is outweighing supply in many areas, with the most sought-after candidates often receiving multiple offers.

He added: "There has been a re-emergence of individuals accepting last-minute counter offers as employers try to retain talent, especially given the risk to projects as well as the cost of replacement hires."

The report also suggested that finance and accountancy recruitment is set to rise in the months ahead, with 36 per cent of CFOs indicating that they will create new roles, while 55 per cent revealed that they will vacant positions.

It is a trend echoed throughout the financial services industry, with the main factors driving recruitment including projects (cited by 63 per cent of executives), new market penetration (61 per cent) and product or service expansion (34 per cent), all of which point towards key workforce growth in the year ahead.


Posted by Jon Aspinell on 22nd January 2014

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