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20 Apr 2009
Comments:3
Channel onlookers have claimed that the scarcity of vacancies and candidates’ diminished salary expectations make this an ideal time to recruit talented staff.
Research from IT jobs specialist CV Screen finds that London IT salaries fell by 2.3 per cent during 2008, with the average now being £37,707. London-based candidates registering for the site also rose by about a quarter last year.
Salaries also fell in the Midlands, the North West and North East, with only
the South East and South West experiencing rises of 1.2 and four per cent
respectively.
CV Screen director Matthew Iveson indicated that many technology professionals
are having to reassess their salary expectations.
Further reading
“Those who have been earning £30,000 might have to take £26,000 rather than be made redundant,” he said. “There are more good candidates on the market and companies looking to recruit can pick up some talent; it is a simple case of supply and demand.”
James Ward, managing director of storage distributor Hammer, claimed there was an abundance of available talent for both sales and technical roles.
“We are always looking and now is a good time,” he said. “People are seeing if the grass is greener elsewhere.”
Web site IT Jobs Watch reveals that, over the three months to 14 April, there were 78,806 advertised permanent IT positions, down from more than 200,000 last year. The average salary has also fallen 3.1 per cent to £42,038.
The web site finds that, during the same period, advertised contract jobs shrank year on year by more than half to 36,451. Average daily rates fell by almost seven per cent to £384.
Security distributor Wick Hill’s chairman, Ian Kilpatrick, said: “During boom times, some people have higher expectations than their skills deserve. When redundancies start being made, people get edgy and those who are most saleable look first. We have had a much higher calibre of applicant for technical roles than we expected.”
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Do you agree?
Talent Pool rather than Candidate Puddle!
Like the other comment, I would say the majority of candidates actively looking are the results of axing poor performers unless of course their company has recently changed their strategy (i.e. vendors selling through the channel rather than direct), this is where we have seen some strong talent becoming available.
What I would say is that talent is easier to attract at the moment due to the instability of some companies. Top performers in poor performing businesses are more open to opportunities, but these hot shots will not be actively looking - they expect to be found!!!
Posted by Gary Janes, Lakewest Associates | 02 Jun 2009
Pool Of IT Talent
Working for a search firm specialising in Storage & Security Sales I have seen recently both sides of the coin. Yes its obvious that companies dont want to get rid of people at the top of their talent pool and hence its generically the people at the lower percentile of targets that are let go, but this is an ideal opportunity for candidates to listen to the voice of opportunity as especially at this time employers will listen to how a person can add value in a transitional move and potentially influence Market share.
Posted by Stuart Russell | 01 May 2009
Where are they posting their CV's ?
I am struggling to agree with this article - having been in recruitment for over 10 years and providing what we class as the best of the best - I am currently finding that although there is a larger quantity of people to choose from the quality just isn't around which makes me feel that people are holding on hard to their really talented individuals....
Posted by Lynden | 21 Apr 2009
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