Skills glut as City IT job losses mount

The shake-up in the city could be good news for IT directors looking to hire highly skilled programmers, IT architects and datacentre staff.

The shake-up in the city could be good news for IT directors looking to hire highly skilled programmers, IT architects and datacentre staff.

Thousands of IT staff in the city are facing uncertain times and many IT jobs are likely to go. Bola Rotibi, principal analyst at MWD Advisors, said, "Now is the time for IT directors to snap up IT skills."

IT directors who previously could not afford to compete with the banking sector by offering high salaries to attract middleware, Java and transaction processing specialists, could find the same people knocking at their door according to Rotibi. "There will be skilled IT staff in the city now looking for jobs."

The IT skills that until now have been the preserve of the banking sector will now be available to IT directors in government and other idustry sectors. "The influx of IT people will have long-term benefits," she said.

For instance, they are trained to run large, complex datacentre infrastructres. "City IT staff are more clued up on running highly secure, high performance transaction processing systems in datacentres." Rotibi believed such people could now benefit IT departments outside the finance sector.

It may be time for IT directors to rethink their IT strategy to take advantage of the skills available in the IT jobs market. Daley Thompson, managing director of recruitment firm Madison Black, said, "Forward thinking companies could view their IT strategy on a grand scale."

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