Another good growth month for IT&T jobs

Stan Beer
Friday, 02 November 2007 16:17

IT People - Enterprise

Despite uncertainty on interest rates, Australia's demand for IT&T positions rose strongly in October 2007, according to a survey of jobs advertised on the Internet.

According to the Olivier Internet Job Index, published monthly by recruitment firm Olivier Group, IT&T grew 2.29% in October while Multimedia Internet and Graphics grew 5.04% for the month in the month. Overall jobs growth across 21 sectors was 4.31%.

In October, 20 of the 21 sectors surveyed by the Olivier Internet Job Index grew. And the figures for IT&T correlate with a report released yesterday from executive search firm E.L Consult, which showed that senior IT positions grew by 12% in October.

According to the Olivier report, 33% of IT&T ads were for software development & engineering roles, while 20% were management & sales.

With Australia facing an election before the end of November, the strong jobs market is driving the economy along at breakneck speed putting upward pressure on interest rates and shaping the policy platforms of the major parties.

"Once politics drove employment prospects, now Australia's record employment rate is one of the driving forces in this election," says Robert Olivier, Director of the Olivier Group. “The almost saturated jobs market, the skills shortage, and wage pressure on inflation are all key elements driving the economy, and shaping the decisions that the next government will have to make,” he said.