“UK businesses could be in for a shock, as we climb out of recession. Clearly, large numbers of highly skilled workers are contemplating their futures, and considering the possibility of taking their precious skills elsewhere.
(PRWEB UK) 14 July 2011
The IT Job Board’s inaugural Job Market Survey has revealed that 42 percent of IT pros are actively seeking work, with 52 percent keeping an eye on the job market. The report has also highlighted that by the end of this quarter (June 2011), 22 percent of permanent workers plan to move jobs, compared to one third (34 percent) of contractors, who will look to change roles. Interestingly, during the recession, 40 percent of workers in IT careers have also thought about a complete change of career.
Commenting on these findings, Alexandra Farrell, Managing Director of The IT Job Board, said: “UK businesses could be in for a shock, as we climb out of recession. Clearly, large numbers of highly skilled workers are contemplating their futures, and considering the possibility of taking their precious skills elsewhere.
“You would expect to see movement within the contractor space, but I was alarmed to see such high numbers of permanent staff thinking about a near future career move. Losing such highly qualified payroll staff could have a serious impact on companies’ IT departments.”
When it came to reviewing the salaries and hourly rates of IT workers, the UK’s leading IT job board has revealed that 61 percent of permanent workers expect to see either no increase or a minimal increase of 1-2 percent at their next review. And 61 percent do not expect to receive a bonus in 2011. Almost half (58 percent) of staff on freelance contracts have seen no change in their pay rates in the last 12 months, 5 percent have seen these rates fall, and 46 percent do not expect an increase in pay at their next job (in spite of 34 percent looking to move roles).
The survey highlighted that 96 per cent of respondents have worked in the IT industry for more than five years. What prompted the majority of permanent workers to leave their last job was career progression (40 percent), and pay and conditions (19 percent). For 28 percent of contractors, it was due to the fact that their contract had come to an end. When selecting their current work, for 31 percent of contractors it came down to location, compared to 35 percent for permanent staff. Interest of work, and new challenges received 29 percent of the contractor, and 34 percent of the permanent employee vote.
She also added: “It seems that money isn’t always the motivating factor. Clearly, fighting boredom comes high on the list of priorities for IT professionals looking to move IT jobs.
“The IT industry is a fluid one, and workers will look to move jobs, in order to update or hone their skills – working on an exciting technical project can often be incentive enough. Ultimately, they want work that stretches them, and brings their skills bang up-to-date.”
She warns business leaders to think about the factors needed to attract and retain talented IT staff, and comments:
“The skills that highly-qualified IT specialists bring to a business are valuable, and should not be underestimated.
“Companies need to re-engage with their staff, and listen to what they want. It seems that problems won’t be rectified with a simple pay rise, or bonus. Bosses should address the factors which motivate their staff, and those which keep them enthusiastic in thier work and progressing their IT career.
“Employees will understand that there hasn’t been a great deal of money around during the recession, but as we begin to look towards more positive times ahead, they will expect to be treated in the same way as their industry peers. It is vital for businesses to address this in order to prevent a damaging haemorrhage of staff and critical skills.”
For the full results of The Job Market Survey report please contact Katrina Suppiah on +44 (0)20 8543 6582 or email her at k(dot)suppiah(at)publicite(dot)co(dot)uk
About The IT Job Board:
The IT Job Board group of companies was set up in April 2002 in recognition that recruitment in the IT sector was increasingly dominated by the internet.
Today, The IT Job Board is the UK’s biggest IT specialist job site with over 15,000 jobs (as at June 2011).
Online technology enables sophisticated targeting – for example by skill, region or experience – of The IT Job Board’s database of 900,000 IT professionals. The company always tries to get closer to candidates either via planned content campaigns, or through the use of social networks.
The site also offers employers services such as branded job postings, a featured employer zone, targeted email campaigns and guidance on advertising copy. The managed campaign service filters responses to provide companies with a shortlist of applicants most suitable for the advertised position.
http://www.theitjobboard.co.uk’s clients include Google, Deloitte, Barclays and Fidelity International.
For further information, interviews and photography please contact:
T: +44 (0)20 8543 6582