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Information Technology in Melbourne
The Melbourne IT market is beset by skills shortages. Demand
for candidates across the board continued to grow on the back
of a strong 2005 and strong overall economic conditions. High
business profitability and the sheer volume of project work
currently underway and in the pipeline will ensure that this trend
continues into 2007. We have seen major transformation
programmes commence during 2006, reducing the number of
quality candidates available to the general market. The roll-out of
Telstra's wireless network, Next G, along with other major
institutions, such as NAB, concentrating on infrastructure and
systems integration are influential factors in the upward
movement of salaries and the candidate short market we have
experienced.
Increase in demand across sectors and skill sets was observed
with key growth areas including SAP based ERP systems, data
warehousing and business intelligence toolsets. Project
management, business analysis and systems testing skills, and
voice, data and IP based network consulting skills were also in
high demand.
Strong demand and subsequent shortages mean that candidates
are frequently in a position where they have more than one offer
and this has placed further upward pressure on both contract
rates and permanent salaries. The challenge ahead for hirers is
not only staff retention but staff attraction. Recruiters need to be
mindful of advising and educating their clients as to the state of
the market on an on going basis, bearing in mind that
remuneration alone is not necessarily the only factor to consider
when attracting staff.
Despite these challenges, we forsee a buoyant IT recruitment
market in Melbourne in 2007.