- There has been a significant power shift in Australia's IT sector, with employers finally regaining the upper hand when taking on new staff, according to recruitment consultancy Robert Walters.
In recent times, organisations that had been riding the crest of the dot-com wave had scrambled to attract the best applicants for a growing number of IT positions. This resulted in attractive salaries, options and bonuses being the standard offering to most people in the tech sector.
However the slowing economy has instigated a change in who is calling the shots, according to Lina Papillo, an IT director at Robert Walters,
"Six months ago we were seeing employers competing for the best staff," she says. "(But) with many organisations now beginning to institute recruitment freezes, candidates are seeking employment with more secure organisations as opposed to the new start-ups, which were popular a few months ago."
Papillo highlights the move by IT staff to head for the security of more established organisations, combined with an overall decline in jobs available, has landed the ball squarely in the employers court. In addition, Papillo says that employers are becoming less tolerant of job-hopping.
"They now have the luxury of being fussier about the candidates they want and are taking longer to make hiring decisions. They are wanting to see more candidates and being more thorough on reference checking," she says.
Papillo also warns that the trend could just as easily be reversed, depending on the economy.
"This is a direct reflection of the slowing economy, however we expect that the tables may turn again as the economy starts to pickup again," she says.