Tech labour market grows, roles broaden, salaries steady

Published on the 24/08/2017 | Written by Newsdesk

tech hiring

Buoyant mood sees NSW, the ACT and VIC dominate demand for tech hiring…

Hiring levels continue to grow in 2017 on the back of infrastructure projects in NSW, the ACT and VIC, according to IT recruiter Peoplebank’s Salary and Employment Index – Winter 2017.

NSW hiring is at its strongest for 18 months said the report, with increased demand across the market, especially for Business Intelligence/Data Analytics, Digital and digital transformation roles, Project Managers, Developers and Engineers.

The Index, which tracks salaries paid across Australia’s major markets, suggests that Australia’s technology labour market is being transformed by “the addition of professionals whose backgrounds diverge from traditional technical skillsets”.

“Equilibrium between the supply and demand for technology skills is being maintained through factors including that large organisations, especially in the financial services sector, are assigning high-performing staff from non-technical business units to IT projects,” said Peter Acheson, CEO of Peoplebank in a statement.

“As organisations become more confident in their capacity to deliver major IT projects – especially projects designed around business outcomes – there is more scope for organisations to bring different skillsets into the project team. Interestingly, participating in an IT project is increasingly being seen by non-IT staff as an asset in their career portfolio.”

Demand for technology skills also grew in VIC, with highest demand for specialists in security, business intelligence/data analytics, developers, testers and engineers. VIC is also filling numerous roles in ERP systems (especially SAP) and CRM.

Within the ACT, with end-of-financial year contract renewals combining with strong business investment has yielded increased demand and some tightening of the availability of candidates with security clearance. Demand for tech skills is beginning to rise in WA, on the back of recently-announced resources sector projects.

Despite strong demand however, there is supply to match, with few tech workers having seen salary or rate rises over the past quarter.

“Organisations are also becoming adept at integrating people with broader STEM skillsets such as mathematics and science into their teams, as data scientists or analysts,” said Acheson.

“The next impact is that Australia’s technology skills pool is growing both in size and in diversity as it absorbs people from a range of technical and broader skillsets. I believe the longer term consequence is that tech sector experience will be a stepping stone to a broader career path: opening up new opportunities for industry professionals”.

Download the Salary and Employment Index.

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