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IT vacancies in the finance sector have continued to rocket in Q3 2004 according to the latest statistics from the CWJobs/SSL quarterly IT skills survey. Demand for IT personnel has continued to grow across the UK, but the finance sector has again seen the greatest boost with permanent vacancies rising by 53% and contractor vacancies up by 79% between July and September 2004. The finance sector has also outperformed all other industry sectors between Q3 2003 and Q3 2004 in terms of both permanent and contractor IT vacancies. Permanent vacancies have shot up by 121% compared to the national average of 97%, with the second highest number of vacancies within software houses/consultancies showing a 105% increase. Contractor vacancies saw a massive hike of 164% compared to the UK average of 138%, with the retail sector following closely behind with a 163% rise. Top Ten Skills demanded by Finance Sector for Contractors 1 MICROSOFT OFFICE 2 SQL 3 UNIX 4 JAVA 5 C++ 6 SYBASE 7 ORACLE 8 C 9 WINDOWS NT 10 VISUAL BASIC The top three skills for IT contractors in the finance sector between July and September 2004 were Microsoft Office, SQL and Unix, and the most sought after skills for permanent IT personnel were Microsoft Office, Java and SQL. IT development continues to demand the most staff, but the number of internet and network/communications roles have increased significantly by 150% and 82% respectively. Although there has been an increase in the number of jobs available, average salaries have decreased by 8%. In Q3 2004 Microsoft Office, Java and SQL commanded average salaries of £47,000, £45,000 and £43,000 respectively, significantly lower than in Q2 2004 when the average salaries for these skills were: £52000, £48,000 and £46,000. Commenting on the statistics, Richard Nott, Sales Director at CWJobs said: “When the market began to decline in 2001, many IT projects were put on hold or shelved altogether due to lack of finance. With the market now picking up these projects have been reinstated and there has been an increased demand for skilled IT professionals. Employers in the finance sector are clearly showing a renewed confidence in their recruitment of both permanent and contractor staff for the first time in a long while." Nov 23, 2004 Email this article Printer friendly page Previous Page
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