According to newly released research from ICT recruiter Greythorn, with the government, ICT and finance sectors set to embark on large projects the search to find top IT talent in the Australian market is highly competitive.
But, Greythorn Managing Director, Richard Fischer says employers can use market mapping to ensure projects aren’t derailed by the talent shortage.
According to Fischer, in the face of a tightening market employers need to partner with recruitment suppliers who can proactively map the IT skills market.
“Suppliers and employers will need to work more closely than ever to ensure projects aren’t delayed by a lack of talent. Greythorn’s survey showed one in five projects fail because of these kinds of delays.”
Fischer says a proper market mapping exercise enables recruitment companies to “analyse the backgrounds of successful existing employees and track professionals in certain skill sets, knowing when they are coming off projects.”
“In doing so we are able to build 3, 6 and 12 month talent pipelines for client projects.”
And, Fischer warns that it is critical to begin early or face the consequences. “With current contract recruitment times sitting in excess of 40 days starting recruitment when a project is due to begin is too late”.
Fischer cites an Information Technology Contract & Recruitment Association (ITCRA) report showing that, in the ACT it took 49 days to fill a contract role in Q1 2015, while roles in Victoria took an average of 42 days to fill.
And, ITCRA also revealed that in NSW contract roles can take up 45 days to fill, while Greythorn’s research also showed 71% of candidates have lost interest in a role because a recruitment process was taking too long.
“Time to hire is a unique competitive advantage in this market. Those with specific projects set to launch will need to pre-plan and engage with an agency that can map the market prior to this ensuring availability of top talent,” Fischer