November data signal further marked rise in IT vacancies

November data signal further marked rise in IT vacancies
07.12.2018 09:56 am

November data signal further marked rise in IT vacancies


The latest Report on Jobs, published today by KPMG and the REC, showed a further steep increase in demand for both permanent and temporary IT workers during November.

Adjusted for seasonal factors, the IT & Computing permanent vacancies index registered well above the neutral 50.0 level at 63.6 in November. Although this was down from 64.2 in October to a 17-month low, the reading was still consistent with a sharp increase in demand that was quicker than the UK average (60.3). Across the ten monitored job categories, IT & Computing has been the best-performing sector in terms of permanent job vacancies for the past five months.

Demand also rose for temporary IT workers midway through the fourth quarter of 2018. The rate of vacancies growth was similar to that seen in the prior month and sharp, with the respective index edging up from 58.5 to 58.6 in November. That said, the expansion was slightly softer than seen on average across the UK (59.7), and placed sixth out of ten in the job sub-sector rankings.

Lisa Heneghan, head of digital transformation at KPMG said: “In the wake of several high profile breaches, companies are investing heavily in their cyber security teams and demand for IT specialists surged in November. This hiring boom has caused a skills shortage in the sector, with recruiters struggling to find enough candidates qualified in IT security to satisfy demand.  Faced with such stiff levels of competition businesses need to rethink their recruitment strategy.  As well as hiring talent to build up their in house defence capability, they need to upskill the staff they have, or risk losing them to a competitor more willing to make an investment in their careers.”

Related News

Wallis Bank Launches New Services to Enhance Customer Experience and Security Online

Wallis Bank has launched a number of new features for its customers allowing for more convenient access to their online accounts without sacrificing security. New services... Read more »

Inflation and skills shortages push private sector pay expectations to a seven-year high

After six years stuck at 2%, basic pay award expectations in the private sector have increased to 2.5%. Meanwhile, basic pay award expectations in the public sector have fallen... Read more »

TIBCO Receives Highest Score in Five Use Cases in Gartner’s Critical Capabilities for Master Data Management Solutions Report

TIBCO Software Inc., a global leader in integration, API management, and analytics, announced today that it ranked number... Read more »

CaixaBank introduces the world's first facial recognition to withdraw cash at ATMs

CaixaBank has become the world's first financial institution to offer its customers the ability to use facial recognition to withdraw cash from ATMs, without having to enter... Read more »

Ant Financial Inks Acquisition Deal Worth $700 million

Ant Financial has finally managed to make its mark in a significant European first. The Chinese financial services giant has agreed to buy UK payments group WorldFirst in a... Read more »

Research reveals one in five investors believes digital assets will be regularly invested and traded in by 2021

Nearly one in five institutional investors (19%) anticipates that digital assets will be regularly traded and invested in by 2021, according to findings from the Global... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App