IT hiring activity to hit three-year high

by

9 March 2015
IT recruitment

Hiring activity for IT professionals is set to hit a three-year high in Singapore, according to the latest employment report released by specialist recruitment firm Robert Half.

Technology and IT was one of three sectors covered in the survey, which polled 400 senior hiring decision makers including chief financial officers, financial services business leaders and chief information officers on their outlook and hiring intentions for the first two quarters of 2015. The other two sectors were Banking and Financial Services (including insurance), and Finance and Accounting in a range of industries (Commerce and Industry).

More than 50 per cent of companies in all three sectors said they plan to hire in the first two quarters of the year, making for an extremely active and competitive employment market.

Stella Tang, managing director of Robert Half Singapore said a growing number of companies are competing for a limited number of quality professionals.

“Two years ago, the percentage of companies making new hires was closer to a third. Now more than half of companies are increasing headcount.”

The biggest turnaround in activity is among companies hiring technology professionals.  Two years ago 14 per cent of companies were reducing technology staff while only 26 per cent were hiring.  This year, 2 per cent of companies are reducing their technology headcount while 50 per cent are adding more manpower to their technology teams.

“Robert Half’s survey shows every second company in Singapore is in a fight with their competition to secure available talent.  With this many firms seeking new hires, the fight for talent will be tough,” said Tang. “We expect talented individuals who have not been given due recognition at their existing company to seek out a new firm in return for better pay and conditions.”

Another interesting finding in this survey is that in Technology and IT in particular, a significant proportion of positions are being created as companies pursue new projects and initiatives. 64 per cent of respondents in the sector cited this as the main reason for increasing their headcount, compared with 54 per cent in Banking and Finance and 59 per cent in Commerce and Industry.

“Newly created positions are exciting roles for anyone seeking to make a name for themselves. The employee is not constrained by past ways of doing things so it is an opportunity for an ambitious person to get recognition for their achievements,” said Tang.