Most wanted: CIOs

Almost one in five recruiters expect a shortage of IT leaders in 2006, finds the Association of Executive Search Consultants (AESC).

Almost one in five recruiters expect a shortage of IT leaders in 2006, finds the Association of Executive Search Consultants (AESC).

IT professionals will be the second most in-demand executives in 2006 after finance and banking professionals. Almost 35% of the 221 senior recruitment professionals surveyed named IT as the sector with the biggest expected growth.

This spike in demand is echoed in the IT contractor space. Some 72% of the 2,500 contractors questioned by contract service provider Giant Group expect wages to rise this year. Two years ago, only 54% shared this optimism and 20% actually predicted a fall, compared to just 3% this year.

Similarly, only 3% of contractors are struggling to find work compared to 13% in 2004, who spent an average of 90 days unemployed between contracts.

This growth is fuelled in part by security and compliance requirements in the finance sector and an increased need for networking technologies in the telecoms sector.

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