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Few sectors match IT in terms of skill shortages, open requisitions and the sheer challenge of getting candidates to move. Even the German powerhouse economy is failing to meet demand – with over 300,000 IT positions currently unfilled. Add the increasingly high-profile issue of female with STEM skills (and the lack of them) and it’s safe to assume that this sector will remain a scarce-skill talent market where organisations of all shapes, sizes and sectors compete fiercely to win the hearts and minds of hard-to-reach candidates.
The Dice Job Market Report 2015 makes sobering reading for anyone involved in this technology talent war. Dice (formerly The IT Job Board) is the leading tech career site for the UK, Germany, Belgium and the Netherlands. It carries over 10,000 live vacancies from companies such as Bloomberg, Boeing, EE, IBM and Microsoft – so it certainly speaks with authority. And the Dice survey of over 900 tech professionals has created a comprehensive report containing salary insights, market expectations on future remuneration, mobility, use of social media and much more. The result? A fascinating snapshot of the recruiting landscape – and a spotlight on the magnitude of the challenge.
The Report covers both Contractor and Permanent roles in the UK, for both the Private and Public sectors. The Survey gives a deep dive into IT worker ages, education, IT experience, current career level and current area of IT (including Project Management, Development, Support & Operations, Analysis and Testing) – and the detail even includes current commuting time to work! Unsurprisingly, the Demographic dynamics are crystal clear for both markets – with an 82%/18% M/F ratio in the Contractor market and 81%/19% split for Permanent roles.
So what are IT professionals as a whole looking for when they consider making a move? In terms of Reward, the Report scopes contract rates and salary levels, future remuneration expectations, when the survey participants expect to change jobs – and the most important factors when choosing a new role or contract. That last point is especially revealing: ‘Challenging Tasks’ is the single highest motivator for both Permanent (34%) and Contractor (36%) roles, with ‘Salary’ a distant second at 26%/22%.
And what are the most important reasons to stay in an existing job? A clear career path is the overwhelming factor (48%), with a strong overall business performance (20%) and investment in the IT department (17%) being important factors too.
We heartily recommend anyone serious about IT recruitment to read the Dice Report. It certainly reflects our own experiences, as we’re working with a number of organisations to recruit IT professionals in the UK, Central Europe and North America. Our client sectors are incredibly diverse, ranging from Finance and Insurance to Food and Retail – but our learning has shown that in all cases only a ‘blended approach’ of Direct Sourcing, Recruitment Marketing, Talent Pooling and Employer Branding will achieve sustainable results. And it’s clear to us that without a strong career path and business performance, those candidates who vote with their feet will soon move on again if the promise isn’t delivered.
The lesson? Know your offer to your IT candidates – and make it as strongly and intelligently as you can. Only then will you have the chance of winning the recruitment game.
We Are Resource Cent
Resource Central is a unique people engagement and resourcing solutions service firm. Created from the focus and desire of its founders. We are all experts from the Job Board, HR Communications and Recruiting industry, bringing a wealth of expertise and knowledge of specialist and large corporate campaign hiring projects across the recruiting markets of Europe.
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