global recruitment specialists
Technology Market Overview
A cautious start...
2013 finished with a cautious feel in the air as contract employment engagements moved to being shorter in length than similar assignments towards the beginning of the year. This is not the preferred of Candidates however, who prefer the stability and security provided by longer assignments.
Challenges brought about by tighter budgets, a swing towards contractor engagements and a hold on spend in general have added to the unease and contributed to the hesitation of employees in the Technology sector seeking new opportunities.
The past year has seen the emergence of many new technologies and the continued dominance of Web 2.0 and Social Media in the technological space. This has brought about a surge in more specialist roles and the desire for candidates with a specific digital skill-set.
As the market continues to innovate, executives have needed to implement new strategies for social and mobile initiatives, in order to engage with their consumers, stakeholders and suppliers on a one to one basis not seen before.
The year ahead...
2014 will see continued expansion in Cloud technologies, along with an increase in companies specialising in managed services. From a development perspective - mobile and native app development is the key sector for growth in the year ahead.
Whilst the need for more specialised candidates continues to grow, we envisage a slight drop in the talent pool, partially due to the tightening of the 457 Visa by the Australian Government. However, this will improve over time as home grown talent learns to embrace these new technologies and gain experience in this relatively fledgling sector.
The coming year will see increasing investment in outsourcing across various sectors within the IT industry. ‘Hot-desking' and work from home opportunities have also seen a marked increase and we expect this trend to continue for the foreseeable future. This practice also has the possibility of aiding businesses who have relied on recruiting talent from abroad in the past, as work does not necessarily need to take place in the country. Furthermore, this can have a positive impact on the cost of office space for companies, and tracking technology assists to keep tabs on workflow and output.
Job seekers must remember to invest time in ensuring their digital profiles are up-to-date as well as being mindful of how they are portrayed across the social media landscape. LinkedIn is an important tool for professionals, and other social platforms such as Facebook and Google+ are also viewed regularly by prospective employers. Additionally, a focus on niche or specialist skill sets, rather than a generalist approach will make potential candidates stand out from the crowd.
Employers on the other hand should be mindful that candidates are looking for more than just money – Benefits, as well as work / life balance and medical insurance options are all very attractive incentives. In an environment where those with the skills can pick the cream of the crop, candidates are also looking to know more about their potential employer, including annual turnover, the availability of cutting edge technology and other aspects that will prolong their career within the business.