Technology Market Landscape: Outlook for 2015

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Greythorn | Overview

Market Leader

Greythorn is one of the most reputable specialist technology recruitment firms in Australia: • Largest Permanent IT recruiter in Australia: >500 IT placements per annum

• Significant Contracting IT specialist supplier: >1000 new engagements placed per annum• Established in 1976 with offices in Melbourne, Sydney, Canberra, Chicago, Dublin, London, Sao Paulo,

Seattle and Singapore.

Key Differentiators

• Vertical specialisation. We are experts in the professional markets we service.• Premium, value-based delivery.• Unrivalled consultant depth of experience, industry knowledge and tenure.

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Economic Outlook 2014 v 2015

Business confidence has decreased from 2014, however the number of those who feel ‘indifferent’ has taken up this movement.

Unsurprisingly the most optimistic were those working in the Technology/Digital industry.

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Hiring Intentions

IT projects are driving employment with almost a third of Hiring Managers planning to increase headcount in 2015, with a further 42% replacing leavers.

Industries that are hiring include: Government, ICT Services and Software and Finance.

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IT Projects

The misalignment between projects and business objectives becomes critical as projects are a key focus in 2015 for many organisations.

The availability of skills will also be fundamental for project success as off-shoring increases.

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Hiring challenges

Skills shortages are still a key concern for hiring managers with a third believing it is the biggest hiring challenge and will impact their business.The market is becoming increasingly candidate driven, meaning those with the right skills will be at a premium.

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Hiring challenges

Cultural fit remains the most important attribute for three years running, however the value of technical experience in a previous role has jumped from 13% to 18% since 2014.

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Perceived Job Security

Job seekers have become increasingly insecure in their jobs over the past 3 years.

Off-shoring has added to this insecurity within the IT sector, along with economic uncertainty.

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Remuneration

Remuneration has remained relatively flat in 2014 and predictions for 2015 suggest only a moderate increase across the industry as a whole.

Certain skill sets however such as cloud, big data and digital will command higher rates as skills shortages in these areas hit the market.

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Market Conditions: Skills

‘New world’ IT skills dominate the top 5 in demand for 2015.

Big data in particular has jumped from 5th in 2014 to 2nd, and mobility is a new entrant in the skills list for 2015.

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Market Conditions: Outsourcing

It would seem job seekers fear of their job being outsourced is justified with a third of companies planning to do this in 2015.

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Internal Processes: Time Lines

Two thirds of hiring managers report that recruitment processes are taking longer –most stated this was due to internal processes/red tape.

As a result 71% of job seekers have lost interest in a role.

Speed to hire is a key competitive advantage when certain skills are in short supply.

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Disclaimer

This research was carried out by means of an electronic questionnaire. The remuneration tables are supplemented with data and market information that Greythorn has access to. The results are provided as generic market information only. Greythorn does not make any warranties regarding the use, validity, accuracy or reliability of the results and information obtained. Greythorn will not be liable for any damages of any kind arising out of or relating to use of this information.

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