IT recruitment still active in financial services
In the financial services sector, speculation about the world economy has added to recruitment hesitations. But the job market is still active, says recruiter Robert Walters.
According to the company, fresh budgets and the promise of growth have sustained demand for skilled individuals, in particular in new technologies including Microsoft C# and .Net.
Across the IT market, a definite upturn has occurred after a slow start to 2002, but it could be as late as Q1 2003 before demand really starts to pick up.
Robert Walters found that the IT recruitment doom and gloom of 2001 was showing some signs of abating as blue chip organisations started planning or implementing long overdue system and software upgrade projects.
Richard Lloyd, managing director of Robert Walters’ technology division, said salary levels had been affected by the market conditions. ‘Rates have been clipped back around development and support by around 10% since the beginning of this year, and they’re continuing to go down – it’s a basic supply and demand thing.’