ICT talent looks set to continue to be in high demand in 2014 for the Waikato and Bay of Plenty Region, according to recent findings from Absolute IT.
Of the 460 employers asked about their upcoming challenges for the year ahead given the continued economic growth in the region, the overwhelming intent is that employers will be likely to increase headcount to address the demands of their business as they expand their utilisation IT.
"This demand is in turn fuelling a growing shortage of local skills, this is being offset by those attracted to the region for the lifestyle and challenging work opportunities, this talent is coming from a variety of sources with a growing number moving from Auckland," says the report.
Given the growth within the local industry and the demand for talent on the increase, employers are ensuring they are keeping the talent they have with 65% planning pay increases in there budgets. This is a rise of 13% compared to 2013 where only 52% of employers planned to do the same.
Key highlights of the report include:
Motivations for hiring...
Active growth is expected in sector over the next 12 months with over 79% of employers planning to recruit additional staff, of this 52% are looking to hire in the next 3 months.
The report also shows that the two key reasons for the increase in employment is driven by new projects (40%) and replacement of staff (20%) perhaps reflecting an expectation from Employers that staff attrition may increase given the growing demand for talent.
More then half of employers (51%) are expected to increase salaries in 2014, with a 42% increase in 2013 due to budget approval there are strong expectations of higher wages flittering through 2014 and 2015.
Results (below) show business confidence is strong with new projects matching remuneration reflecting the active and boyant nature of the sector.