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Tuesday, 13 March 2018 21:23

ICT executives enjoy continuing rise in job demand: report Featured

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ICT executives enjoy continuing rise in job demand: report Image courtesy of jannoon028 at FreeDigitalPhotos.net

Demand for ICT executives has risen markedly with the latest employment report pushing the demand in February up by 16% to its highest level since 2012.

The employment trends report from EL Consult showed that the ICT sector was not the only industry growing rapidly, as the economy across the board continued to grow despite a short lapse at the beginning of the year.

“The support came from Queensland and Victoria, mostly from the private sector,” EL Consult notes.

“Marketing dollars are also going into Information Technology as the methods of delivery have gone digital."

EL managing director Grant Montgomery says the “boom in Information Technology can be linked to an industrialisation of marketing and the increased importance of wielding market intelligence towards marketing ends”.

“This will transition from IT to marketing roles eventually as it did with accounting. In that sector an earlier IT boom occurred as financial reporting was digitised but now the accountants themselves have all the IT knowledge needed.”

“The E.L Index is now at its highest level in six years,” says Montgomery, adding that “these numbers take in the rising interest rates in the US but of course we need to wait till next month to see what if anything the topical trade and tariff issues do to the international economy”.  

“Regardless Australia looks like it will have a privileged position,” Montgomery notes.

“We are seeing growing strength across every state and most sectors.

“And the strength is not just in one or two states or employment areas but right across Australia in every state and every sector.

“Of course, infrastructure development and housing has pushed up the demand for engineers but other sectors like management in general is also booming.”

Looking forward, Montgomery notes that governments, “which are the largest employer of management level people, are now getting their new calendar year budgets and this will allow further growth in this sector as various departments expand their work forces”.

“Wages growth has not been strong of course but this has put a cap on inflation in the short term which has get inflation in check. Once this moves up prices and inflation will closely follow, and this will force up interest rates which is not a good thing given the high household debt many Australians carry.

“But for now, things are pretty sweet, and we should enjoy it while it lasts.”

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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