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Modest economic growth signals demand for IT skills: Peoplebank

Julia Talevski | April 2, 2013
Overall demand for ICT skills experienced a ‘reasonably sound’ level during the first quarter of 2013, according to the Peoplebank Salary Index.

Overall demand for ICT skills experienced a 'reasonably sound' level during the first quarter of 2013, according to the Peoplebank Salary Index.

Peoplebank CEO, Peter Acheson, said overall demand reflected the national forecast of modest economic growth in 2013, but on closer examination reveals a significant variation. Solid demand for ICT skills in the larger markets were tempered by patchy conditions in the nation's smaller cities, he said.

The index covers remuneration levels in more than 50 IT sector roles in each major capital, based on actual salaries being paid in the last quarter.

"There can be no doubt in 2013's headwinds -- continued global uncertainties and a Federal election ahead, this won't be a year of easy gains for ICT professionals," Acheson said. "However, there are numbers of pivotal ICT projects in the pipeline, in both the public and private sectors. I'm confident that, on the back of these, there will be solid opportunities for people within industry to advance their careers in the months ahead."

According to Peoplebank there was little movement in rates and salaries, with remuneration levels remaining largely unchanged in NSW, Victoria and Queensland, while Western Australia experienced spot increases, and South Australia seeing both increases and decreases on the back of local demand. Queensland has seen salary decreases in the order of 5 percent, with the salary for a senior business analyst in Brisbane dropping from $125,000 a year ago, to $109,000.

The index revealed the ICT job market in states such as NSW and Victoria have been solid during the past three months, mainly due to projects across banking and utilities sectors and projects associated with regulatory change.

Hiring was strong in Western Australia as it experiences increasing demands for IT skills. Pay rises were in order for specialist architects and business analysts.

South Australia ICT job market has been impacted by slower investment and state government spending constraints, while Queensland continues to experience difficult conditions in the ICT sector and broader economy. ACT saw a drop in demand for ICT skills, dipping 30 per cent due to end of financial year and the election period creating financial constraints.


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