A few of Skillect.com’s observations on the job market…
The recession is definitely having an effect on the IT job market and demand for particular kinds of skills, whether you work as a contractor or as a permie. For me the biggest impact so far is the fall in IT Contractor rates. In the last two roles I have had, I have had to take a 10% cut in pay! Companies in various sectors have taken this step – BT, Barclays, RBS, Fujitsu, are just a few of the big names. Companies will always look to apply cost cutting measures to contractors first – either by cutting rates, or terminating contracts early. At the same time, permies are not altogether immune as their salaries are frozen or bonuses withdrawn.
Some businesses use social networking sites to check out potential employees. Jobseekers beware - employers are increasingly checking out networking sites such as Facebook and Twitter to get a feel for prospective employees. Fiona Hewitt, director of Brand YOU, says while some are just “checking out drunken photos on Facebook”, savvy employers are using these sites as a recruitment tool to assess people’s public persona and reputation.
And whether you’re job hunting or preparing for a promotion, there’s never been a better time to define your personal brand and boost your professional visibility. In this “incredibly competitive” market in which there’s plenty of uncertainty, Hewitt says you need to stand out through “working out who you are and showcasing your talents to others”.