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The latest SkillsMatch Contractor Rates Trend Analysis covers the period from March to August 2013 when there was a high level of market restraint during pre–election jitters. The report uses real-time data from a small sample of ITCRA (Information Technology Contract & Recruitment Association) member companies.
Julie Mills, ITCRA CEO commented: “The report shows that east coast contracting conditions have stabilised, as two thirds of the contracts issued are for east coast locations, with a well balanced mix of short and long term contracts including evidence of some contracts of 13+ months during the reporting period”
Ms Mills added: “While evidence of the two speed market remains for ICT and the annual cycle of reversing “high volume/low time to hire” remains the peaks and troughs are not as pronounced."
Everything to do with the election has been discussed by many commentators as the reason for all sorts of market trends.
Ms Mills’ view is: “Financial constraints across the business and Government sectors which are driven by local and international issues will continue to impact market predictability for some months to come.”
“Going forward this report and the historical data from SkillsMatch, as well as commentary from other lead indicators suggests that the wave of peaks and troughs will start to settle to small ripples that will continue as employers endeavour to ensure they have the relevant talent for the required projects’, continued Ms Mills.
She added: “While there is still some uncertainty there are opportunities as the flexibility of contracting for employers and candidates will ensure [that] opportunities continue to become available, as projects are confirmed. What will be interesting in the trend analysis going forward will be the split of ICT roles between “traditional” ICT and “emerging” ICT and the differences in contract duration and rates between these two.”