RealTime IT News

Recruitment Headache Worsens

[Sydney, AUSTRALIA] One in five telcos and one in 12 banking and finance positions remain unfilled due to record low unemployment, according to a poll released by Deloitte Touche Tohmatsu today.

Resources, the specialist financial contracting unit of the global consulting firm, examines trends in the industry sectors of utilities, banking and finance, IT/telecommunications and venture capital, focusing on recruitment strategies.

During late November, Australian companies in Sydney, Melbourne and Brisbane took part in a phone poll which asked how the low unemployment rate was affecting recruitment strategies.

Eight percent of the companies surveyed in the banking/finance sectors said they were not filling positions, compared to 20 percent in the IT & T industries, confirming the chronic shortage of professionals in these areas.

The survey further revealed a lack of staff with full and appropriate qualifications, leading technology companies to employ a variety of methods to fill the vacant roles.

"The general acceptance is that it is very hard to find the right staff has led to a change in strategy by smart organizations and a move to lateral thinking such as recruiting from overseas or hiring contractors," said Resources' managing director Rob Woolley.

Woolley said every IT & T company polled by Resources has experienced problems in filling positions. The low Australian dollar was also found to have affected the industry with some companies experiencing staff losses after being lured overseas by higher salaries.

At the same time, 40 percent of firms polled said they had tried to compensate for the tight Australian job market by recruiting staff from overseas.

According to the survey, there has been a continuing trend towards the use of contractors in short-term or strategic roles as a way of managing the shortage of 'good people' looking for permanent roles.

"It is interesting to note that start-up companies are looking towards contractors as a way of accessing (and being able to afford) experienced professionals to get the strategic advice they need to grow their businesses," Woolley said.