City sees IT recruitment boom

08-02-2006

City sees IT recruitment boom IT recruitment is booming in the City as financial companies increase their investment in technology to support regulatory compliance and security. Rising demand for IT staff has pushed rates for contract staff to £50 an hour for the first time since 2001. The upturn, revealed in research by iProfileStats and the Association of Technology Staffing Companies (Atsco), marks the end of the slump that followed the dotcom collapse in 2001. Atsco predicted that demand for IT staff would continue to rise in 2006, with further pay rises likely, following a year of bumper profits in the City. “Pay for City IT contractors has reached a milestone. This year could be the year when the ghosts of the dotcom era are finally laid to rest and IT pay in the City tops the £54-per-hour record set during the height of the boom,” said Atsco chief executive Anne Swain. Rates in the finance sector last reached £50 in June 2001. Rates reached a record average of £54 an hour during the dotcom boom in December 2000, but plummeted to less than £35 an hour as the market bottomed out during 2002. PERSONNEL TODAY

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure