Latest figures from the IT Job Board show the future is bright despite the double dip

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UK GDP shrank 0.2% in the first three months of 2012, sending Britain into its first double-dip since the 1970s. Yet the IT Job Board remains optimistic. They believe that those working in IT have the rosiest future, with many more current and future jobs available than in traditional sectors.

As at May '12
IT professionals are making business happen, they are becoming the linchpins at the heart of the European economy.

The IT workforce now employs 1 in 18* of the entire UK workforce. Employment in the IT industry is also set to grow at 2.19% per annum** – nearly five times faster than the UK average, compared to other areas.

IT recruitment is showing signs that it will ride the recession. Figures from the IT Job Board show that permanent IT jobs advertised are rising a healthy 11% quarter on quarter, with demand for permanent JavaScript roles rising 27% year on year, and PHP 36% year on year. Pay is also good. The average salary for those skilled in PHP is rising at 7% quarter on quarter, and the average annual salary for those working in Oracle at an impressive £50,000.00, and a 5% rise year on year. As for contract IT jobs advertised there is a 21% increase quarter on quarter, with demand for contract C skills roles rising 30% quarter on quarter and .net skills rising 27%. Daily rates for those fortunate enough to have C++ and Java qualifications are over £450 a day, whilst those skilled in Oracle, Linux & C# are enjoying a daily rate of over £400.

David Cameron is describing this period as: “The deepest recession in living memory”. So how is it that the IT field remains so busy?

Alexandra Farrell, Managing Director:
“More and more businesses are looking to invest in new innovations, and IT professionals with the necessary skills are in high demand. Take Cloud computing, for example, businesses are now understanding that it is not only a money saving device, but also a far more efficient way of running a company. The adoption rates are on an extraordinary rise. IT professionals are making business happen, they are becoming the linchpins at the heart of the European economy”.

According to the 2011 Cloud Dividend Report, cloud computing will create 2.4 million jobs across the EMEA region (which includes the UK) by the year 2015. This could benefit the economy to the tune of £641 billion. The public sector will be the biggest gainer in terms of job creation, with 801,000 positions expected to be created over the next five years.

Alexandra Farrell, Managing Director, The IT Job Board:
“Whilst there are still tough times ahead, both for the recruitment industry and the economy at large, there is evidence of better times to come, particularly within the IT industry. As businesses look at innovation and applications to remain competitive, naturally, new opportunities will arise, creating excitement, new skill sets, and most importantly, jobs”.

Notes to editors

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 (http://www.theitjobboard.co.uk) is the UK’s biggest IT specialist job site with over 12,000 jobs (as at 31st May 2012).

Online technology enables sophisticated targeting – for example by skill, region or experience – of The IT Job Board’s database of more than 729,000 UK 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 clients include: Accenture, British Airways Logica, McAfee, Canon and Betfair.

*IT Jobs Watch
**Sector Skills Council for Business & Information Technology

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Kate Bodoano
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