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IT market leading jobs recovery

Simon Quicke

The IT market is leading the recovery in employment opportunities with the number of permanent vacancies in the sector hitting an eight year high.

The latest Recruitment & Employment Confederation (REC) and KPMG jobs survey indicated that the recovery in the jobs market that started at the turn of the year continued into March on the permanent vacancy front.

There were a couple of negatives with the market for temporary staff down and the salaries for those in permanent positions stagnating.

But in terms of the IT market the signs of a turnaround are visible, although those that monitor the employment market are wary of using the 'r' word to describe the current situation.

"Sectors such as IT & computing and engineering/construction continue to perform well.  However, it is certainly still too early to call a jobs recovery.  There remain real tensions beneath the surface," said Ronnie McCombe, partner at KPMG.

"Some of the rise in permanent placements appears to stem from employers simply switching temporary workers to permanent status due to the higher entitlements that the Agency Worker Regulations have given them.  And while it is heartening to see that overall vacancies are rising, salaries are stagnating meaning the economy is likely to carry on feeling the pinch from cost conscious consumers reluctant to part with their money." McCombe added.

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