NEWS
IT GROWTH
IT directors have hinted at significant growth in the sector with pay remaining static
The coming year will see a significant rise of IT roles, pay however, will remain the same.
There are three times as many IT Directors planning to hire than fire personnel in 2010 according to research from ReThink Recruitment, the technology staffing company.
This is the first significant and positive rise signalling re-growth in the sector since 2008.
The research reveals that nearly half plan to boost headcounts in 2010 – three times the number who plan to shed jobs (17 per cent).
Despite more jobs IT workers are unlikely to receive immediate pay increases with more than half of IT directors planning to freeze pay for staff.
A spokesman for ReThink Recruitment said: “IT workers have already suffered two years of pay austerity – far worse than they had to endure following the dot com collapse. 71 per cent of IT staff and 98 per cent of IT contractors had their pay either frozen or actually cut in 2009!
“This contrasts sharply with just 10 per cent of all UK companies who have frozen pay during the recession.”
Michael Bennett, a ReThink Recruitment director said: “The good news is more jobs. The bad news is IT Directors intend to keep pay down. The majority of IT professionals have seen their pay decline in real terms over the last two years. While pay increases are likely to remain subdued in 2010, IT Directors are now switching from firing to hiring mode.
“Despite IT Directors looking to keep a tight rein on pay, this could be difficult as the job market picks up. Hiring eventually feeds through to pay increases as the best quality candidates get snapped up.”
He adds: “Good quality candidates with the right skills are already difficult to find. As IT departments begin hiring again they will increasingly have to poach personnel from rival organisations, which will fuel rapid pay rises.”
There are three times as many IT Directors planning to hire than fire personnel in 2010 according to research from ReThink Recruitment, the technology staffing company.
This is the first significant and positive rise signalling re-growth in the sector since 2008.
The research reveals that nearly half plan to boost headcounts in 2010 – three times the number who plan to shed jobs (17 per cent).
Despite more jobs IT workers are unlikely to receive immediate pay increases with more than half of IT directors planning to freeze pay for staff.
A spokesman for ReThink Recruitment said: “IT workers have already suffered two years of pay austerity – far worse than they had to endure following the dot com collapse. 71 per cent of IT staff and 98 per cent of IT contractors had their pay either frozen or actually cut in 2009!
“This contrasts sharply with just 10 per cent of all UK companies who have frozen pay during the recession.”
Michael Bennett, a ReThink Recruitment director said: “The good news is more jobs. The bad news is IT Directors intend to keep pay down. The majority of IT professionals have seen their pay decline in real terms over the last two years. While pay increases are likely to remain subdued in 2010, IT Directors are now switching from firing to hiring mode.
“Despite IT Directors looking to keep a tight rein on pay, this could be difficult as the job market picks up. Hiring eventually feeds through to pay increases as the best quality candidates get snapped up.”
He adds: “Good quality candidates with the right skills are already difficult to find. As IT departments begin hiring again they will increasingly have to poach personnel from rival organisations, which will fuel rapid pay rises.”
