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Survey: Confidence boost in IT sector

Recruitment firm, Hudson, reports employer confidence has bounced back for the first time since March 2008

The IT sector has experienced a surge in optimism, with employee confidence up for the first time in over a year, according to recruitment firm, Hudson.

In the latest Hudson Report: Employment Expectations survey, 12.3 per cent of IT employers were looking to boost permanent staff numbers in the next quarter.

Confidence was also up all other sectors, with overall 6.5 per cent of employers across the board planning to increase employee levels as well. This was a significant jump from last quarter’s 0.8 per cent.

While the positive signs are heartening, Hudson CEO, Mark Steyn, warned that Australia is still embroiled in a volatile economic situation. In a statement, he said the result is a sign of stabilisation in employer sentiment, rather than a trend.

According to Steyn, business investment is sinking and Australia may again encounter negative economic growth. Unemployment rate is also tipped to rise.

The report also indicated that companies are shunning headcount reductions in favour of indirect strategies such as natural attrition and hiring freezes to contain costs.

Steyn said this is a positive trend and showed that employers recognising the importance of people in maintaining the health of businesses.

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