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IT MonitorYour monthly guide to salary and recruitment trends in the UK IT market
This months IT Monitor brings you the most up-to-date and comprehensive salary information from across the IT industry, complete with this month’s vacancy trends and analysis.
With announcements in the press this month of a pending spike in demand for IT professionals in the UK, the market appears to be responding. We have seen positive growth in the demand for IT professionals, as vacancies and salaries continued to rise on aggregate across all sectors.
Media, new media and creative vacancy levels increased which in prior years has indicated that an incline in the number of vacancies is likely to be on the horizon as this is the sector that tends to staff up first.
For the second month running, the public sector focuses on recruiting on a permanent basis to hit headcount, this is particularly prevalent in March as it is the final month of the financial year.
As London keenly awaits the 2012 Olympic Games we have seen an increase in the number of jobs advertised. However as projects near end in order to be ready for the July influx, we may see declines in advertised jobs as many development and project staff contracts would have come to an end.
Regards,
Niall Cook, Brand DirectorComputer People
April/May 2012
Highlights from March
• Both permanent and contract IT vacancies increased.
• Permanent roles increased in the public sector and in media, new media & creative only.
• Retail was the only sector to experience any significant increase in contractor roles in March.
• Contractor roles in the telecoms sector takes a nose dive.
• Developers and project managers are the most in demand professionals for the month of March. Analysts also join the top of the list.
• Interim IT directors and SAP contract professionals come out on top again for achieving the months highest pay increases.
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Permanent vacancies remain steady as Q1 progresses
Overall, advertised permanent vacancies increased this month, with a rise of 0.20% compared to this time last year. While the economy seems uncertain, the IT jobs market appears to have a more clearly aligned strategy, one aligned to innovation and development. Encouragingly, these increases in demand for permanent IT professionals means that shelved projects are being revived.
Contractor vacancies increased in March by 0.19%, signalling that the IT contract market is still buoyant, despite many projects nearing closure at the end of the year and leading up to the Olympics.
Sector breakdown
IT Monitor
Vacancies
5,722
% Change
0.19%
Vacancies
13,050
% Change
0.20%
Permanent Contract
Number of vacancies: all sectors
Vacancies
1,473
678
463
445
176
% Change
-3.60%
-1.88%
-9.92%
2.25%
6.67%
Vacancies
740
83
77
175
198
% Change
-4.15%
6.41%
-18.95%
15.13%
2.06%
Permanent
Number of vacancies: major sector
Contract (per hour)
Banking, insurance and finance
Retail
Telecoms
Media, new media and creative
Public Sector
Banking, insurance and financeWith a decrease of 3.60% for permanent roles and 4.15% in contractor vacancies, the banking, insurance and financial sector experienced a slow down in March.
This decline was to be expected as we approached the end of the financial year and contracts and projects come to a close. We are therefore likely to see increased headcount at the beginning of the financial year, as budgets are approved for the year ahead.
This is a typical recruitment pattern for the banking, insurance and finance sector as these sectors traditionally tend to staff up at the commencement of the financial year.
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RetailThe retail sector experienced an increase in contractor vacancies — at 6.41% in the month of March, in line with the end of the financial year. However, there was a slight dip in permanent vacancies at 1.88% showing a mixed month of activity for the sector.
As London 2012 approaches, it’s hoped that the Games will have a positive impact on the economy longer term, which could spell job creation in the IT industry long after the Games.
TelecomsThe telecoms industry saw a noticeable slowdown in March in both permanent and contractor vacancies at -9.92% and -18.95% respectively.
Over the past few months we saw steep inclines in the recruitment of IT professionals in the telecommunications sector. The current declines could be attributed to the early completion of projects including upgrades in London to 4G connection from 3G, which will leave a lull in vacancy’s compared to previous months.
Media, new media and creativeMedia, new media and creative continued to experience a positive month in vacancies with permanent roles increasing by 2.25% and contractor roles increasing by 15.13%. This industry along with the finance industry is the first to hire and therefore we are hoping that this has a ripple effect on the market as a whole going forward.
Public sectorIt continues to be good news for the public sector as March shows an increase in the number of permanent vacancies (up 6.67%) and contractor vacancies (up by 2.06%) these increases seen for a two month period seem to be a turning trend.
Monthly salary trends
Permanent salaries rose by 0.07% in March this represents a steadying in salaries for IT professionals as we approach the summer months. Contract salaries increased at a higher margin than permanent this month, with a 0.59% rise. Contractors are in a good position at present as employers are willing to pay higher rates to ensure that projects are delivered on time in preparation for London 2012.
Vacancies
0.59%
% Change
4.03%
Vacancies
0.07%
% Change
4.19%
Permanent Contract
% change to salary and contract rates
Compared to the salaries of 2011, 2012 has been a steady year thus far for IT professionals. We are continuing to see demand for contractors however we are more likely to see salaries steady as projects come to and end as does the financial year.
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IT Monitor
Average salary
£38
£47
£49
£39
£50
£35
£51
£63
£41
£45
£96
% Average change (Monthly)
1.02%
0.40%
1.60%
-1.23%
-0.30%
-0.45%
0.30%
2.43%
-1.10%
-1.20%
3.80%
% Average change (Year-on-year)
3.29%
5.00%
0.10%
7.29%
0.61%
10.80%
7.90%
5.45%
1.38%
7.20%
10.10%
Averagesalary
£39,374
£47,781
£52,377
£38,244
£53,112
£32,670
£51,995
£67,286
£46,937
£40,831
£76,525
% Average change (Monthly)
-0.03%
-0.10%
0.09%
-0.05%
-0.04%
0.03%
-0.02%
0.03%
0.07%
0.01%
-0.05%
% Average change (Year-on-year)
7.16%
0.22%
8.56%
4.86%
9.18%
3.50%
5.51%
4.68%
7.00%
0.61%
4.01%
Permanent (per annum)
Job title
Contract (per hour)
.Net/C#
Java
Oracle
SQL Server
Business Intelligence
Web Developer
Project Manager
SAP
Testing
Database
IT Director
Oracle experienced the greatest increase in permanent salaries this month with a 0.09% rise, while the biggest decline was recorded at 0.10% in Java.
Contractor rates continue to increase for interim IT directors (up 3.80%) which are a clear nod to the number of change management projects going live. There are also a large number of interim CIO roles requiring CIOs to make quick turn around in efficiency and effectiveness savings within organisation, this added pressure and short-term target setting justifies the increase month-on-month. Oracle, .Net/C# and SAP contractor roles continue to see increases in salaries, largely due to the number of integration projects that are currently underway.
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Jobs in demand
Many organisations are hot on demonstrating their innovative capabilities at present, which is largely why we are continuing to see the trend of developers and project managers being the most in-demand professionals at present. We are also seeing demand for architects and business analysts.
Overall Developer
Analyst
Business Analyst
Project Manager
Software Engineer
Consultant
Architect
Designer
Administrator
Java Developer
Test Analyst
Analyst
Business Analyst
Developer
Project Manager
Java Developer
Test Analyst
Architect
Engineer
Consultant
Senior Analyst
Developer
Analyst
Project Manager
Engineer
Developer
Project Manager
Architect
Business Analyst
Web Developer
Senior Developer
Software Engineer
Administrator
Java Developer
Designer
Support Analyst
Developer
Analyst
Business Analyst
Project Manager
Consultant
Java Developer
Senior Developer
Support Analyst
C# Developer
Senior Analyst
Developer
Web Developer
Project Manager
Designer
Permanent
Jobs in demand
Contract
Banking, Insurance and Finance
Media, New Media and Creative
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Designer
Business Analyst
Web Developer
Architect
PHP Developer
Flash Developer
Engineer
Analyst
Developer
Project Manager
Consultant
Architect
Business Analyst
Engineer
Consultant
Analyst
Project Manager
Developer
Business Analyst
Software Engineer
Support Engineer
Analyst
Developer
Manager
Engineer
Consultant
Project Manager
Business Analyst
PHP Developer
Consultant
Architect
Business Analyst
Senior Developer
Administrator
Developer
Consultant
Project Manager
Architect
Project Manager
Software Engineer
Development Manager
Engineer
Developer
Consultant
Analyst
Software Engineer
Support Engineer
Senior Engineer
Business Analyst
Manager
Analyst
Developer
Consultant
Engineer
Architect
Project Manager
Permanent
Jobs in demand
Contract
Telecommunications
Public Sector
Engineering and Manufactoring
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IT Monitor
IT Monitor is developed using market intelligence from major job boards, data from all brands within the Adecco Group UK & Ireland, company websites, social networking sites, SalaryTrack, the market’s leading earnings information service and mysalarychecker.com (www.mysalarychecker.com)
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Wrap up
As vacancies continue to rise month-on-month, permanent salaries steady, and contractor pay increases the IT recruitment sector continues to gain momentum.
With the close of the financial year – all eyes are set on what the market reaction will be to the 2012 Olympic Games. More importantly what pressures the economy slipping into a technical recession and the threat of the Eurozone collapse will have on IT recruitment.
All signs are pointing to an uncertain few months. While the Olympics will bring short-term excitement to the market, the increased holiday days for the Queens Jubilee, the interruption on work patterns caused by the Olympics and the rocky economy could mean businesses act more cautiously when recruiting in the latter part of the year.
Watch this space.
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