The fourth quarter of 2015 arrived and behaved in its usual fashion, with the festive season taking precedence over recruitment for candidates and clients alike, and December recording the lowest levels of both permanent and contract vacancies for the year.
However, the year-on-year statistics showed growth in permanent vacancies of over 10%: an indicator of the underlying strength of the UK IT recruitment market, and the longer-term confidence in the economy.
On the flip side, contract vacancies were 2% lower when compared to the same period last year, and a significant 15% down on the previous month. But in askills short industry, it is unlikely that the average UK contractor would have noticed the annual change, and would have anticipated the seasonal low.
As we enter the first quarter of 2016, it is not unreasonable to expect the IT market to be affected by increasingly tough conditions in the global economy. But with cost saving and efficiency improvement at the core of IT’s purpose, the industry can expect to continue to out perform the wider economy as a whole.