Canberra beckons as cash cow for Australia’s IT contractors

Canberra beckons as cash cow for Australia’s IT contractors

How the Federal Government’s big budget IT projects are making Canberra a cash cow for Australia’s IT contractors

On an ongoing basis, general turnover will lead to continuing contract roles, the recruitment agency said.

What keeps IT contractors on the move?

According to Hays’ research, the top benefit of IT contracting, according to survey respondents, is the increased earning potential offered, with 75 per cent citing this as a major draw.

Also at the top of the list is flexibility, with 67 per cent of respondents nominated this as a major benefit, experience, making new contacts and skills development.

“Anecdotal feedback echoes these findings with one respondent summing contracting up as ‘a license to practice anywhere’,” Hays said.

When choosing what projects to work on next, 78 per cent of respondents said that pay rate is a top priority. This was closely followed by the quality of the project or work, flagged by 74 per cent of respondents.

Also important is the length of the contract, the ability to extend skills and the reputation of the employer or organisation.

Good times ahead, with change

The Hays research comes as Clicks IT Recruitment publishes its second quarter findings from its quarterly IT Employment Confidence Index, with the latest results indicated a high level of positive sentiment towards the Australian economy and the future of their employers.

This has been a continuing trend over the last 12 months, according to Hays.

While confidence in the local market remains stable with little variance, individuals’ self-perceived employment prospects and plans for the future are changing.

52 per cent of respondents indicated that they were likely to be looking for a new job in the next 12 months. This is up from 45 per cent in the last quarter.

Additionally, a record low of 14 per cent of respondents indicated that they felt negatively about their ability to secure a new job.

Clicks said that, over the past few months, its consultants have casually observed a high demand amongst employers for certain IT roles.

“These results indicate that IT staff may be catching on to the increased demand and starting to think about career moves,” the company said.

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