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IT Industry Market Review and Trends January 2003

Discover the latest trends and insights in the IT industry market as of January 2003, including projected strengths, current weaknesses, important factors for organizations, news highlights, skills in demand, advertising market analysis, IT salaries, recruitment insights, and career motivators.

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IT Industry Market Review and Trends January 2003

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  1. Market Review A presentation January 2003

  2. IT Industry What is going on in the IT Industry?

  3. Projected Market Strengths • Mobile devices and infrastructure • Interactive voice response systems • Microsoft XP • Thin-client devices • Broadband internet • Security • Disaster recovery • Legacy application platforms • Storage

  4. Current Market Weaknesses • Consulting • e-Commerce • ERP • CRM • PC hardware and software • Workstations • Fixed network infrastructure • Business communications • Mobile terminals

  5. What is Most Important to any Organisation • Email • Internet - intranets/extranets • System security • Increasing bandwidth • CRM is leaving ERP behind • Improving existing systems/developments

  6. What is in the News • Mergers of consultancies, eg LogicaCMG • T/O £2b, 24,000 employees, 34 countries • Huge outsourcing deals, eg • Unilever o/s BT £640m • Consignia o/s CSC £1.5b • Company ‘streamlining’, eg Sun • Business strategy (not IT strategy)

  7. Focus on Recruitment • Current market • Skills • Advertising • Salaries • Costs • Career motivators • Retention

  8. Current Market • 1m IT employees in UK • 30% freelancers are ‘resting’ • IT contractors business closure has doubled to 16% • In-house recruitment specialists • MV/ managed Agent • PSLs • Outsourcing/managed supply • Recruitment agency consolidation • Smaller agencies closing • Legislative changes - working time directive, IR 35 PAYE liability, right to work

  9. Skills – Supply and Demand Skills in most demand 2002 2001 2000 1. C++ C++ C++ 2. SQL UNIX UNIX 3. UNIX SQL SQL 4. Oracle Java Java 5. VB Oracle VB 6. Java VB Oracle 7. C HTML Windows NT 8. Windows NT Windows NT HTML 9. Office TCP/IP TCP/IP 10. TCP/IP SQL Server C

  10. Skills – Supply and Demand Skills most in supply Skill Salary 1. HTML £28,486 2. Windows NT £30,112 3. Unix £35,548 4. Java £32,244 5. MS Access £29,056 6. Oracle £35,909 7. MS Visual Basic £31,934 8. MS SQL Server £33,234 9. C++ £32,567 10. Javascript £30,676

  11. Current Advertising Market • Jobs advertised in hard copy during 12 months to October - 69%  on same period last year • Jobs advertised on-line during 12 months to October - 69% on same period last year • The on-line IT recruitment market is now fully mature • YTD October 2002 -Consultancy advertising 76%Direct advertising 55%

  12. Current Advertising Market Average number of pages Computer Weekly • 2002 - 9 • 2001 - 25 • 2000 - 49 • 1999 - 68

  13. Methods Considered Best when Looking for a Job within IT/Computing

  14. Future Advertising Market? • Internet - continues to develop • Companies - brand marketing • More multi-channel packages

  15. IT Salaries • Wage premiums IT staff diminishing 1992 +60% average annual wage 2002 +30% average annual wage • Salaries increased by 4% 2002 5.1% 2001

  16. Advertised Salaries

  17. Recruitment Costs • Buyers market • Renegotiation of fees/contractor rates and margins • Shift of contract headcount to permanent - reduce costs • Advertising costs levelled

  18. Career Motivators

  19. Retention Most leavers - push factor - poor management - low morale - one-offs Line managers have most influence on a companies ability to retain, not HR!

  20. Top Tips form Computer People’s Contract Consultant • Flexibility • Realistic Rates • Don’t negotiate contract • Be careful with umbrella companies • Specific front cover sheet • Don’t spread skills to thinly • Specify ideally your needs and wants • Take on board constructive criticism

  21. Top Tips form Computer People’sPermanent Consultant • Apply to as many jobs as are relevant on the internet • Follow up with a call to the consultant and get through • Apply to fresh jobs every day • Tailor your CV • Highlight relevant skills • A job posted on a Friday well have 300 responses by the Tuesday - Act quickly and Follow up • Establish good rapport with consultant

  22. Conclusion • There are jobs out there • Differentiate yourself • The IT market is not in depression - The boom is over • Good Luck

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