Jobs: IT confidence soars to record highs

Jobs: IT confidence soars to record highs

NBN plays a part in rising sentiment and confidence in the Australian ICT jobs market, a new report claims

Employer confidence within the ICT industry is at a record high, according to recruitment firm, Hudson.

In the latest Hudson Report: Employment Expectations, 40.8 per cent of IT employers said they were looking to hire permanent staff in the first quarter of 2010; a 15.2 per cent from last quarter. IT boasted the strongest quarterly result across all other industries surveyed.

Hudson ICT national practice director, Martin Retschko, said IT sector poured money into possible opportunities presented by the Federal Government’s National Broadband Network (NBN), despite uncertainty over how the network would play out over its eight-year rollout.

“We have seen investment by a whole range of organisations in pursuing that part of their business, developing products and services that may relate to the rollout,” he said. “They are forming teams or divisions that will pursue those opportunities over the next year, driving investment in people. We expect that to continue.”

As the economy continues to recover, large programs of work and second phase projects that were stalled last year are kicking off. This has led to unlocking of hiring freezes and pent up demand for workers, Retschko said.

“Companies are trying to rebuild their talent after restructuring,” he said. “This is evident in ICT suppliers, such as IT service firms, who are bolstering their teams, bringing in more staff in anticipation of more clients this year.”

Retschko expected to see a strong six months in the ICT industry as other sectors, such as utilities and banking, continue to experience positive results and invest back into technology.

Queensland garnered the best results as IT confidence levels soared by 24.6 per cent to 57.9 per cent. This is the third consecutive increase and confidence is now at its highest level in 18 months. The Queensland Government’s expenditure on ICT products and services contributed to the positive numbers.

Employer sentiment in NSW jumped 14.6 per cent to 35.2 per cent, while Victoria recorded 41.7 per cent and South Australia, 41.2 per cent. Confidence in the telecommunications market also rose by 26.3 per cent to 31.1 per cent.

Hudson interviewed 4470 employers across Australia.

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