IT jobs market still in doldrums

The IT jobs market remains stuck in the doldrums, according to annual figures from recruitment specialists at Hays, with the dip in public sector sales unlikely to help matters. A dismal performance in the first half was, however, offset slightly by improvements in the last six months of fiscal 2010

The IT jobs market remains stuck in the doldrums, according to annual figures from recruitment specialists at Hays, with the dip in public sector sales unlikely to help matters.

A dismal performance in the first half was, however, offset slightly by improvements in the last six months of fiscal 2010.

In its 12-month report for the year ended 30 June, Hays said that fees from its IT recruitment business dropped 21% to £22.4m while operating profit slumped 89% over 2009, booking just £500,000.

Hays reported a slight uptick in sequential private sector recruitment, with pharma, corporate accounts and the City all doing well. However this was offset by the ongoing round of cuts being made in the public sector, which dragged down numbers across the board.

CEO Alistair Cox put a brave face on the overall numbers but said that "90% of our markets" were returning to growth.

The IT industry currently accounts for around 9% of Hays' UK business.

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