While there was a modest increase in IT executive demand in February there had already been a 7 per cent drop in January. Demand for IT executives now is at about the same level as it was in mid 2010.
According to the March EL Index, which is compiled monthly for executive recruitment firm EL Consult; 'Information Technology was again the joker in the pack, dropping 7 percent to become the only career sector to lose ground in March.
'Significant losses in Victoria and Western Australia were too large to allow the positive results out of Queensland and New South Wales to put the overall index into the black for the month.'
While demand for IT executives slumped 7 per cent, demand for other classes of executives were robust. Demand for finance executives rose 8 per cent during March, for engineers 5 per cent, and marketing managers 7 per cent.