A majorskills shortageis continuing to drive
up salaries for IT professionals globally.
The annual survey
for 2007 by international recruitment firm Robert Walters says
the demand for particular skills is driving up rates and there is
an ongoing shortage of suitable candidates.
Salaries increased throughout 2007 for both permanent and
contract staff, said Robert Walters, with substantial growth
throughout the second and third quarters.
The banking sector slowed however with the onset of the credit
crunch in the final quarter of the year.
There were ongoing skills shortages in development and solutions
architecture, database administration and mid- to senior-level
testing.
This shortage combined with a lack of project managers and
technical support staff is pushing salaries to unprecedented
levels, said Robert Walters.
There is a major skills shortage of IT professionals with SAP,
Oracle and Microsoft .net framework skills, found the survey.
The survey also found that increasing temp rates, driven by
increased outsourcing, are tempting permanent workers to move to
temp contracts.
But a slowdown in public sector spending means demand is
weakening.
The conclusion of large-scale projects, combined with lessening
public sector spending and increasing levels of outsourcing, is now
shaping the public sector market, said Robert Walters.