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IT contractor jobs market should be more stable during 2010

Published on Feb 8, 2010 |

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The latest SSL survey data shows that the last quarter of 2009 saw continued improvement in the IT recruitment market, however the overall number of IT job vacancies is still less than half the 2007 figure.

During the final quarter of 2009, the number of advertised IT jobs rose by 1.9%, however this total was still down by 9.8% compared to the start of 2009, and over 50% down on the figures seen during the final quarter of 2007.

Although contractor vacancies fell slightly during the last quarter of the year, the salary survey shows that the number of IT contractor jobs was actually up 18% compared to the second quarter of 2009 - recruitment always slows down in the run-up to Christmas.

The survey's authors point out that throughout 2008 and 2009, software houses and finance bore the brunt of layoffs as the economic crisis reached its peak. The contract market it such areas was particularly savaged by cuts at the time, which resulted in a sizeable upsurge in demand for contractors during the third quarter of 2009. A very healthy October and November was followed by a fall off in demand during December, as would be expected.

The net conclusion of the report is that contractors already in work should be able to look forward to a more stable recruitment environment during 2010.

You can read more detail here.