Greythorn Technology Market Landscape 2014

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Technology Market Landscape:Outlook for 2014

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Greythorn Overview

Market Leader

Greythorn is one of the most reputable specialist technology recruitment firms in Australia: • Largest Permanent IT recruiter in Australia: >500 IT placements per annum • Significant Contracting IT specialist supplier: >1000 new engagements placed per annum• Established in 1976 with offices in Melbourne, Sydney, Canberra, Brisbane, Chicago, Dublin, London,

Sao Paulo, Seattle and Singapore.

Key Differentiators

• Vertical specialisation. We are experts in the professional markets we service.• Premium, value-based delivery.• Unrivalled consultant depth of experience, industry knowledge & tenure.

Awards, Certifications & Memberships

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Technology Industry Sentiment:The Survey

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Greythorn Hiring Manager Survey

Source: Greythorn Client Survey

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Greythorn Candidate Survey

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Economic Outlook: Liberal Party Election


The election of the Liberal Party has boosted morale, with 40% of Hiring Managers believing the change in government has had a positive impact on their business.

What impact has the Liberal Party (Coalition) win had on your business?

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Economic Outlook: State


Business confidence is increasing, with 48% of NSW Hiring Managers feeling optimistic about the future of the economy. ACT Hiring Managers were the least optimistic, with only 13% taking a positive view of the economy .

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Economic Outlook: Candidate & Manager

How are you feeling about the future of the economy?

Source: Greythorn Candidate and Client Survey

In a significant change from last year Hiring Managers are more optimistic than Candidates. Optimism from the Hiring Manager side is also continuing to rise, having gone up by 24% year on year.

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Hiring Intentions


What are your hiring intentions in 2014?

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Hiring Intentions


• 58% of Technology/Digital sector Hiring Managers are

expecting increase in headcount.

• Only 24% of Government sector Hiring Managers

predicting an increase in headcount.

• Queensland the most polarised state.

• Companies with large IT teams (201-500+) planning on

expansion.

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Hiring Challenges


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Hiring Challenges


Cultural/team fit is increasingly important to Hiring Managers, pushing ‘the ability to do the job now’ down from the number one most important attribute last year to number two.

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Job Seeker Behaviour: Manager Perception


What percentage of IT staff do you think are actively looking for a new role or keeping an eye on the market?

The majority of Hiring Managers believe that only 2.5/10 candidates are looking for a new role, where in reality a significant 9/10 are.

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Perceived Job Security: Candidate

How would you rate your job security?

Source: Greythorn Candidate Survey

Job insecurity sits at a record high with 33% of respondents feeling insecure or very insecure.

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Remuneration: Candidate & Manager

In spite of rising optimism about the economy Hiring Managers are predicting little change in contract rates.


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Remuneration: Manager

Education & Training are expecting the largest increases, with 43% of Hiring Managers expecting a strong to moderate increase in contract rates.


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Market Conditions: Skills

Source: Greythorn Client & Candidate Survey

What do you believe the most valuable skill sets in ICT will be in the next 12 months?

Hiring Managers Candidates

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Market Conditions: Skills ACT

Interestingly, Cloud Computing is not nearly as valuable in the ACT as it is across the rest of Australia.


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Market Conditions: Skills QLD

QLD Hiring Managers have very similar expectations to Australia as a whole. Business Analysis is seen as a skill to watch here and in VIC.


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Market Conditions: Skills VIC

While similar to the national outlook, soft skills are far more highly valued in VIC than any other states.


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Market Conditions: Skills NSW

NSW Hiring Managers have taken a similar outlook to Australia as whole, with the majority seeing Cloud Computing and Business Intelligence as the most valuable skills.


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Market Conditions: Skills Shortages


Rather than looking outside of themselves organisations are turning to training to address skills shortages in 2014.

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International Sourcing


Interest in hiring international candidates has decreased year on year as companies find the negatives experiences and risks outweigh the benefits.

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Workforce Engagement: On-boarding

How would you rate your company’s on-boarding and induction process?24


41% of candidates believe companies are failing at on-boarding, citing a lack of human touch as the main reason.

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Technology Market Landscape:

Activity & Trends

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Jobs Received by Greythorn

Source: Greythorn Database

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Contract vs Perm Placements

Source: Greythorn Database

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Remuneration – Permanent NSW

Source: Skills Match IT Contracting & Recruitment Association

Permanent salaries in NSW have followed the Australian trend for 2013, with steady growth from Q3 2013.

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Remuneration – Contract NSW


After reaching a high in Q3 2013 contract rates now remain steady, in line with the national trend.

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Remuneration – Permanent VIC


Victorian permanent salaries remain somewhat volatile, slipping slightly blow the national average in Q1 2014.

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Remuneration – Contract VIC


Contract rates have jumped to their highest level in 3 years. Victorian contractors are now paid significantly more than their counterparts interstate.

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Remuneration – Permanent ACT


Permanent salaries have stabilised significantly since 2010. While salaries have dropped slightly in Q1 2014 ACT permanent employees are still receiving salaries above the national average.

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Remuneration – Contract ACT


Contract remuneration in the ACT remains steady quarter on quarter . ACT contract are also now receiving remuneration above the national average.

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Remuneration – Permanent QLD


QLD salaries continue to be highly volatile, having dropped significantly below the national average in Q4 they are now on the rise.

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Remuneration – Contract QLD


Contract rates in QLD continue to be highly volatile. After dropping well below the national average rates are now climbing back up.

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Topical Issue 1:The Recruitment Process

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Recruitment Process Time Lines: Candidate


The cost of being too slow; speed to fill is a strong competitive advantage.

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Recruitment Process Time Lines: Manager

Candidates report that the recruitment process has taken longer, would you agree with this?

Source: Greythorn Client & Candidate Survey

Speed to hire when part of a quality selection process can be the cheapest comparative advantage in sourcing quality resources.

Is it “not good enough talent” or “not ticking ALL the boxes”?

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Topical Issue 2:Contractors

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Improved opportunity for hiring Contractors


• Project based recruitment pillar of growth for Technology industry

• Higher proportion of candidates contracting

• Contract remuneration down in NSW and QLD

• Contracts placements on the rise

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Disclaimer

This research was carried out by means of an electronic questionnaire. The remuneration tables are supplemented with data and market information that Greythorn has access to. The results are provided as generic market information only. Greythorn does not make any warranties regarding the use, validity, accuracy or reliability of the results and information obtained. Greythorn will not be liable for any damages of any kind arising out of or relating to use of this information.

Greythorn Technology Market Landscape 2014

Technology

Transcript of Greythorn Technology Market Landscape 2014