New research finds more IT job vacancies and fewer applicants per position, and projects gains in tech spending and employment over the next few years
By Jo Best
April 15, 2010 (Business Week)
If you’ve put your job hunt on hold during the recession, it could well be a good time to start sending out your CV once again.
According to new research, the number of vacancies for tech professionals in the third quarter of this year increased by 23 per cent, compared to the previous quarter.
Tech jobs have been harder to come by during the recession as organisations have cut back on non-essential IT projects and cut costs wherever possible.
And more good news for those hoping to change jobs: the number of applicants per position has fallen by 25 per cent between the second and third quarters of this year. Research from recruiter CVScreen found that the number of individuals applying for the same post has fallen from 109 in May to 68 last month.
The recruiter said it expects the job market to return to the levels seen before the recession next year.
Separate research carried out by analysts IDC for Microsoft (MSFT) is similarly optimistic, claiming the number of tech jobs will continue rising from next year until 2013.
The IDC study predicts that the UK IT job market will see an annual compound annual growth rate of 0.9 per cent between 2008 and 2013.
The research predicts that there will be 1.38 million IT jobs in the UK this year. By 2013, it expects that figure to hit 1.46 million.
According to IDC, total IT spending will reach £50bn this year, down slightly from last year’s £51.6bn.
However, spending is due to pick up by 2010 – climbing to £50.3bn – and will eventually hit £56.4bn by 2013.
Provided by silicon.com—Driving Business Through Technolo