Morgan & Banks job index reports slight down turn in industry optimism

Morgan & Banks job index reports slight down turn in industry optimism

Although figures from Morgan & Banks' quarterly job index indicate the IT and T industry is characteristically expanding, the latest survey discovered a downturn in the percentage of companies expecting to hire staff.

Well above the all industry net effect of 24.8 per cent, 49.8 per cent of IT companies are predicting they will hire more staff in the next quarter, a figure down 5.9 per cent on last quarters index.

According to Ian James, IT director of Morgan & Banks, the phenomenon is simply explained by the fact that hiring intentions have to reach a saturation point. "They can't keep going, what we see instead is changes in certain roles. For instance 11.3 per cent of staff that firms want to hire in IT will be in sales, a dramatic increase on last quarters figures. This means the sales people are out there and if they have done the work it will lead to companies wanting to hire more people in the functional area of technology."

Queensland appears to have taken no notice of the fact that these are the worst results Morgan & Banks has posted since May 1997, and is the only state to forecast an increase in the number of staff firms are anticipating they will hire since the last quarter.

Encompassing 3146 employers and 1.9 million employees, the job index stipulates that 60 per cent of job vacancies in the IT industry will be for core computer specialists, which James breaks down to include business positions as well as technical developers.

The survey reveals the net effect of contract and temporary staff in IT is 7.7 per cent, a figure James suspects is slightly down from the last quarter.

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