IT salaries and jobs growing in leaps and bounds

IT salaries and jobs growing in leaps and bounds

A growth in IT projects and a skills shortage combining to push demand and pay cheques higher, Peoplebank's quarterly report claims

The future for IT professionals is looking rosy as an increase in tech projects presents more jobs and larger pay cheques, according to Peoplebank.

Figures released by the IT employment agency showed NSW, Victoria and WA enjoyed strong and steady growth in demand over the January-March quarter. Peoplebank acting CEO, Jeff Knowles, said the result was largely due to IT projects finally getting underway.

“Over the last six months, things have been picking up incrementally every month,” he said. “There’s now more and more talk of projects coming through. It’s across banking, finance and telecommunications as well.

“I think people are generally talking projects and this is a project-focused industry. We’re seeing an increase in medium to large projects.”

Peoplebank figures for Q1 2010 reported salaries for senior project managers in Melbourne rose by $10,000 to $150,000 per year, while senior business analysts in Perth saw their pay packet jump $15,000 to $105,000.

NSW bucked the trend and reported flat or negative movements in salaries, but Knowles said this could be a seasonal issue and was keen to label the state as Australia’s second best performing.

“We’re seeing a big increase in opportunities in both NSW and Victoria,” he said. “In contracting, we had a 3-5 per cent increase in NSW and a 5 per cent rise in Victoria. Bear in mind that both those states have the highest salaries in the country.”

The mining state of Perth is also offering plenty of opportunities as the global economy starts to recover and demand for commodities increases.

“The WA market is not as large as the other states, but there’s plenty of demand over there with the resources sector starting to tick back to normal,” Knowles said. “In the first instance, there will be a requirement for more senior people and then as projects get kick-started, you’ll see the need for more people with business analysis skills and Java developers.”

Even desktop support workers, who have been hit by the trend of outsourcing helpdesk services to overseas call centres, are reporting steady growth in salaries and employment.

“The salaries in those areas are fairly static because there are a lot more people available. It’s a supply and demand issue. There are probably more people to choose from there than say in Java development,” Knowles said.

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