IT employer sentiment has risen yet again, beating the record benchmark set in January.
According to the Hudson Report: Employment Expectations survey, 41.8 per cent of employers indicated their intention to hire permanent staff between April-June.
The result represents a 1.1 per cent jump on the previous quarter and is the highest level of confidence seen in almost two years.
Renewed business investments in upgrading old IT infrastructure was driving demand in the IT sector and was a key contributor for the positive result, Hudson ICT national practice director, Martin Retschko, said.
“IT employers are without doubt hiring again, whether to rebuild their teams to previous capability levels, take on additional headcount to cater to growth opportunities, or cover attrition occurring within businesses as the labour market improves,” he said in a statement.
Soaring hiring intentions will be buoyed by technology needs across a number of industries including banking, utilities and manufacturing, as well as government projects such as the National Broadband Network (NBN), according to Hudson.
Across the states, Victoria experienced the strongest IT sentiment, rising 6.2 per cent to 47.8 per cent. This was driven by high staff-cut rates during last year’s economic downturn and companies that were eager to rehire, he stated.
While down 13.5 per cent on last quarter, Queensland’s sentiment result sat at 44.4 per cent. In NSW, 35.1 per cent of employers surveyed wanted to hire full-time employees over the next three months, spurred by IT demand in the banking and finance space.
“This result is also driven by Federal Government programs to invest in IT in the health and education sectors, as well as a general improvement in trading conditions for sectors focused on the consumer arena,” Retschko said in a statement.
But it was bad news for the telecommunications sector, with employer confidence plummeting 21 per cent to 10 per cent.
IT confidence is expected to growth further this year.