Although demand for permanent employees has significantly reduced across QLD, salaries have remained stable for most IT related skill sets.
However, we have seen an increase in demand and therefore salaries/rates in the areas of Business Intelligence/Data Analytics, Security, and Service Desk/Desktop Support.
As multiple major projects have been put into hibernation, there has been a decrease in salaries and contract rates as supply outstrips demand for project related skill sets. This has affected roles in areas such as Project/Program Management, Test Analytics, Business Analytics and Architecture.
The uncertainty brought about as a result of the COVID-19 crisis had an immediate impact on the permanent recruitment market. We have seen demand for permanent employees reduce by up to 90% since March 2020. In contrast, we have seen demand for contract resources fair better than we had expected. Contract resources have generally allowed clients to continue with business critical projects and provide technical support to the company in the short term.
We have also seen continued demand for the following skill sets:
IT Support (short-term COVID-19 work from home support)
We expect to see a Q1 bounce back as we emerge from the COVID-19 crisis and clients bring key projects out of hibernation and revenue streams begin increasing. However, this may be followed by a downturn in Q2 as the Job Keeper allowance comes to an end and the true employment picture becomes apparent. Any downturn in the technology employment market should be short term and we expect a recovery to occur in Q3/Q4.
General Manager - QLD
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Brisbane is currently enjoying an extended period of economic prosperity and growth which looks set to continue for the foreseeable future. Significant investment is being made into Brisbane’s infrastructure with major projects such as the Cross Rover Rail project, the new Queen’s Wharf Casino Complex and the expansion of Brisbane Airport beginning construction.
Brisbane also offers a high standard of living with much lower living costs than Sydney and Melbourne (particularly the cost of housing) but with technology related salaries rivalling those of the these cities.
With nearly 300 days of sunshine per year, Brisbane offers an unrivalled lifestyle for those who love the outdoors being only an hour from the beautiful beaches and relaxed lifestyle of the Sunshine Coast and Gold Coast and a short drive to the many national parks of the Gold Coast Hinterland. For those who enjoy the nightlife, the redevelopment of Howard Smith Wharf has added another favourite hotspot to rival the likes of Newstead and Fortitude Valley offering even more restaurants and bars to explore and experience.
A burgeoning tech start up community has positioned Brisbane as a major start-up hub increasing demand for specialised technology skillsets. QLD State Government continue to invest in technology programs that will transform the way we live in Queensland and with a resurgence in commercial industry sectors such as natural resources and banking, employment opportunities are strong.
All prices quoted are in local currency.
Average cost of a coffee
Average cost of renting a 1 bed in the city
Average gym membership per month