Cititec, the UKs largest independent IT recruitment consultancy, has today publically released its financial IT employment outlook report.
The report predicts how hiring intentions over the forthcoming quarter will compare to the previous year in the niche area of IT within the financial sector.
The overall result suggests a net decrease in both contract (16%) and permanent (8%) hiring throughout Q2 of this year compared with a year ago. The survey breaks it down by individual technological areas. Within this, development is performing worse (a dip of over 25%) whilst trading applications is predicting an increase.
Robert Grant, Director at Cititec commented “this is the first of a report which will be conducted quarterly.” The report which was sent to over 3000 employers is, according to Grant, designed to “aid in hiring decisions and provide a snapshot of how the market can behave specifically for finance IT”
Grant analyses that “On the face of it the figures look concerning, however in Q2 of last year there were unusually high levels of recruitment as confidence increased into the market. This has meant that 2013 looks worse in comparison, but is actually at normal levels for the time of year. Also the number of off-shore projects are increasing. The global picture is positive, but has dropped off in the UK.”
The report is available to download from http://www.cititec.com/finance-it-employment-outlook
