Stan Beer
Thursday, 09 August 2007 15:34
IT People -
Enterprise
Demand for IT executives has fallen for the second month in a row according to a monthly survey of the major top-end employment sectors.
According to the Executive Demand Index from headhunting firm E.L
Consult, the Information Technology index was the one sector to fall in
July, losing 3% compared with the previous month. The drop follows a
similar fall in demand over June.
Meanwhile, the finance, engineering, management, engineering and marketing sectors all experienced a growth in demand.
According to E.L Consult, the latest news coupled with the performance
of the IT jobs sector over the past two years, does not paint a very
positive picture of the long-term employment outlook.
"The clearly volatile nature of this index series shows that the IT
market cannot be relied upon to provide long-term jobs growth. Despite
the general buoyancy of the market in the past two years, the IT market
has risen to a lesser extent than other indices," E.L Consult wrote in
its report.
To make matters worse, E.L Consult believes that rising interest rates
will start to have a negative impact on overall jobs growth. However,
this will be offset to a degree by a general federal and state
governments spending binge.