Two job reports released this week highlight the growing uncertainty in the technology employment market, with one painting a positive picture of candidates feeling increasingly secure in their positions, and the other pointing to the dwindling availability of job vacancies.
The REED technology 2013 Salary and Market Insight report found that 65% of technology workers feel secure in their current role, and that 39% will be looking for new job opportunities in 2013.
The report also highlighted that 77% of technology employers are worried about staff moving on to seek better opportunities, and in turn have increased the salaries of technology employees by 4%.
Buoyant jobs market
“Technology employers are feeling confident to invest in talent and it is encouraging that this has now translated into confidence for workers to look for new roles too,” said Andrew Gardner, divisional director at REED Technology.
“While it is clear some technology sector employers are concerned about losing talent, it is important to remember that a buoyant jobs market presents opportunity.”
He added: “Employers wanting to hold on to talent should ensure they are investing in staff – through training and promotion opportunities – and those that are looking to recruit can be confident that the available talent pool has widened.”
However, despite REED’s optimism, the Association of Professional Staffing Companies (APSCo) found that there is a continuing downward trend in professional IT vacancies. Its latest data found that to December 2012 there was an average year-on-year fall of almost 10% across tech vacancies.
Temp IT work
To make matters worse it found that the number of IT professionals being placed in temporary assignments is rising – with a year-on-year increase of 6.5%.
“Employers still haven’t got the confidence to invest in permanent hires against this backdrop of on-going uncertainty,” said Ann Swain, chief executive of APSCo.
Earlier this month the latest report from the Recruitment and Employment Confederation and KPMG found that in 2013 there has been strong demand for IT and computing staff.
REC and KPMG’s index for job demand placed IT at 60.7 – where a score of 50 would mean no change in demand on the previous month. In January last year the IT sector saw a lower score of 54.9, indicating that demand for IT staff is continuing to grow.