As an ever evolving sector, IT has seen robust demand for a wide range of roles throughout Q2, with a focus on enhancement and innovation.
In a similar trend to Q1, we’ve seen clients continue to focus on permanent recruitment across the Financial Services sector for development roles. Contract demand has been somewhat subdued, this could be due to the fact there are fewer high demand projects than we have seen in the past, MiFID for example. Most work that’s taking place at the moment is focused on enhancement, innovation or BAU based, and so would therefore require permanent staff rather than contractors.
Q2 has been interesting in terms of large demand for Data Scientists with Machine Learning, and there is a strong emphasis on hiring candidates with this skill set. There have also been some great projects that started in Q2 with a heavy focus on Data Engineering; namely data lakes, big data platforms and big data transformation. This means that there will be lots of opportunities throughout Q3 for more permanent and contract hires in this field.
There is continuing positivity in Data Visualisation, with technologies such as Tableau and PowerBI leading the way in terms of sought after technologies. Surprisingly, demand in the contract market has been somewhat suppressed in the last 3 months, however we envisage this picking up again later this year.
We’ve seen high demand for some exciting team lead roles, where there is opportunity to work as a hybrid developer/manager. These positions have been offering good salaries and overall packages, whilst providing applicants the opportunity to expand their skills and take their career in a new direction. Demand for those working with the latest Open Source technologies are in highest demand.
Q3 will be the time for clients to scope out future projects, with the view to making new hires into the relevant business functions. Potentially it could be the time to re-establish the longevity of their current workload, with business decision makers and strategists looking at teams with a view to offshore, especially as Brexit creeps closer. With the constant speculation of Banks looking to offshore their development teams, this could be a likely outcome.
Development teams will also make sure they are ‘lean’ but equipped with the best candidates, which could mean a reshuffle by moving people out and making new hires.
Data & Analytics
We expect to see a further increase in the demand for candidates with machine learning skills and anticipate an increase in hiring overall. From the candidate’s perspective, they look for more flexibility in working hours, whilst companies look to source candidates from diverse backgrounds, with the requirement of a representative workforce ever-present.