The final quarter of the year saw a fall in demand of 10% for permanent resource; many companies naturally delay hiring decisions in the face of imminent annual budgets, but 10% is still a significant drop.
The falls were relatively steady, and spread across the sector; no area reached a 20% fall. IT security was the only area to see more vacancies in Q4 than the previous quarter, with vacancies in this area rising by nearly a third over the last year − a sign of the growing importance of data protection and increased compliance around it.
Most parts of the IT market saw wages rise both over the quarter and the year. Only four saw a fall in advertised wages:
• Business Intelligence
• Network Engineer
• Software Testing
The largest growth in advertised wages appears to belong to Database Developers at more than 4%.