February has continued in the same vein as January with an extraordinary increase in demand for IT contractors, together with steady growth in demand for permanent IT expertise, according to Philip Fanthom
, Managing Director of Jenrick IT
(specialist IT recruitment company) -
"Demand for IT experts is increasing. With more and more projects coming out of hibernation as company's look to re-ignite their innovation strategy, contract requests have increased at a rate not seen by us for over 3 years.
In addition, we are seeing the emergence of permanent requests as these innovation strategies become more long term"
Jenrick IT's experiences have been felt across industry with some sectors reporting that over 80% of employers across Europe will look to recruit this year.
Eight in 10 employers plan to hire in 2010
Monday 1st February 2010 | By Mike Jones
Some 82% of European companies are planning to hire employees to new positions in 2010, according to a new survey by leading global professional services company Towers Watson.
However, most of these companies expect hiring to remain at best sluggish - with 45% saying it will be below levels typical of past years.
Moreover, while most companies are hiring, 49% still expect to make workforce reductions in 2010 - 5% say these will be broad-based and 44% say they will be targeted. This compares with 12% who have made broad-based reductions and 55% who have made targeted reductions since the start of the financial crisis.
The Towers Watson survey, conducted in early January and based on responses from 131 mostly large employers across Europe and 459 employers globally, found that while the picture is slowly improving, Europe lags North America. For example, 92% of US companies indicated they would be hiring in 2010 and only 37% expected workforce reductions.
Not surprisingly, given employment patterns both pre- and post-crisis, 40% of the survey respondents in Europe agree that it's easier to retain talent now than it was before the financial crisis.
However, 48% think that retention will be more difficult a year from now. Respondents also noted a rise in productivity over the past year, with over half (54%) agreeing that employee productivity had risen compared with pre-financial crisis levels, and more still (57%) expecting it will continue to rise by next year. Interestingly, the recession's impact on employee engagement has also been mixed. While 23% report lower engagement today, 33% believe employee engagement has risen since before the financial crisis. For 2010, far more companies expect engagement to rise (41%) than decline (10%).
"Without question, the last 18 months have been challenging for employers and employees alike, and while there are signs of improvement, it's clear we're not going back to 'business as usual' anytime soon," said Laura Sejen, global rewards practice leader at Towers Watson.
"While it's heartening - and a testament to employer focus and employee commitment - that productivity has increased, that's also part of the reason for slower hiring and more caution about increased investments in workforce programmes. As always, the question is how lean can companies run - especially as demand for products and services rises? Those slower to reinvest in their workforce could find themselves at a competitive disadvantage."
Article Source: Recruitment Today