Recruiters reports clash again over IT&T jobs market

Stan Beer
Monday, 12 May 2008 16:35

IT People - Enterprise

"Our data is certainly less optimistic than Best's but we do know that if you you look at the overall employment market we know that hiring intentions are down, there's a lot of fear and uncertainty out there regarding interest rates and various aspects of the market. I think the employment market has been knocked for six in the last three months because of interest rates, petrol prices and so on. People need confidence and certainty in what's happening out there and at the moment they can't feel it."

However, Robert Olivier, whose company plays in the particularly hard hit financial services sector, does concede that things might not be that bad for IT&T.

"If they're committed to an IT project, they've got to see it through," he says. "I don't think things are being moth-balled like they were 2001-2. No-one is laying people off in droves or anything. But I think people are going carefully. Hiring intention reports are dismal, business confidence reports are dismal and that's finding its way into IT. It's not a bad market but it's a softening market."