CWJobs/SSP Survey Highlights Vertical Industry Variations in UK IT Jobs Market
November 26th 2002 - The IT jobs market in the UK is continuing to show signs of recovery according to the latest statistics in the UK Quarterly Sector IT Skills Index from SSP (Salary Survey Publications Ltd) and CWJobs, the specialist IT job board. In the period from July to September 2002, IT job vacancies in the UK fell by 19% - the lowest fall since the slowdown began over a year ago (see table 1). This compares to a fall of 26% in the period from April to June 2002.
Highlights from the research show that IT salaries in the public sector and manufacturing performed better than everywhere else, with average increases across all job functions of 6.3% in the public sector and 6.95% in manufacturing.
Further highlights from the research include:
· Software, communications and media companies have been hit the worst with over a 69% reduction in IT jobs advertised over the last year
· The public sector and engineering industries escaped most lightly in the IT job market decline. Both industries doubled their share of the IT vacancies and saw the lowest rate of decline in advertised IT jobs – 36% and 35% respectively
· The manufacturing sector saw the most biggest hikes in advertised salaries over the last year – with an average of 6.95% across all job functions
· SAP has been the most sought after skill across all industries over the last year
Commenting on the findings, Nigel Sterndale, Publisher at CWJobs said:
“Given the difficult times that technology companies have been experiencing over the last 18 months, it is unsurprising that software houses and the communications industry have seen the most dramatic reduction in advertised IT job vacancies in the last year. In line with the hard times they have faced, the average salary changes across all IT functions in both industries have been quite modest.”
In the software industry the average rise was 0.8% and 0.65% in communications – in both cases this is lower than the UK average of 0.71%.
Table 1. Shows the Average Percentage Change in IT Vacancies By Industry from Q3 ‘01 to Q3 ‘02
Quarterly % Change in Job Vacancies Q3’ 02 v Q2 ‘02 Annual % Change in Job Vacancies
Q3 ’02 v Q3 ‘01
Engineering -6 -35
Public Sector +2 -36
Manufacturing -31 -39
Electronics -13 -41
Utilities -37 -61
Finance -22 -66
Retail -15 -67
Software Houses -14 -69
Media -27 -70
Communications -30 -73
UK Average -19 -66
“While no industry has escaped the effects of the IT job market downturn, it has not completely become a buyers market. There is still high demand for certain IT specialists with the right combination of skills and experience as reflected in some of the dramatic increases in the salaries advertised,” continued Sterndale. “Overall, the IT jobs market is showing signs of bottoming out with the rate of decline in jobs advertised having slowed significantly over the last six months, and this is the best news IT job seekers have had for a while.”
Notes to Editors
The CWJobs/SSP quarterly ‘Survey of Appointments Data & Trends’ is based on data taken from all the jobs advertised in the UK’s leading IT and multi-sector recruitment web sites, together with jobs advertised in IT business magazines, as well as national & selected regional press. The survey provides the most comprehensive picture available of regional differences in IT vacancies throughout the UK. These sources provide information on up to 300,000 jobs each quarter. The survey does not include vacancies for contract, sales or overseas-based positions.
CWJobs.co.uk is a specialist IT job board and one of the UK’s leading commercial job sites, serving contract and permanent IT jobseekers throughout the UK. The site draws over 180,000 unique users each month, attracted by the opportunity to search an average of 10,000 job opportunities.
A detailed report containing statistics and graphs are available for each vertical industry covering the following areas: share of IT vacancies; IT vacancies trend; highlighted highs and lows in IT salary performance and the most popular IT skills by sector.
For a copy of this free report please contact:
Debby Penton email@example.com - 020 8255 6603
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