As of July 2020
3 months into the lockdown and we are starting to see the impacts to the NSW technology and digital recruitment market. As you would expect, due to Australia’s first recession in 29 years, salaries and contractor rates for some roles have gone down. Interestingly however we are also seeing some skillsets increase, such as web & mobile design, cyber security, software architecture and data science. What this shows is that the tech sector is proving to be one of the few sectors to be showing reasonable strength. We are predicting this to continue as businesses look to bolster their systems to enable working from home as a permanent solution.
Industry sectors that are holding up well include Government, health and aged care, e-commerce, FMCG and logistical services sectors.
We are also seeing Fintechs rebound strongly with renewed interest in innovation in the sector, with many looking to take advantage of the larger banks' inability to be nimble due to their scale. Even more encouraging is that we are also seeing early signs of the telecommunications sector beginning to ramp up hiring. Driven by domestic and commercial demand for faster internet combined with the increase of supply required for 5G being expected to build with the release of the new iPhone in September/October of this year.
Industry sectors that continue to struggle include travel, entertainment, gaming, leisure, advertising and administration. With restrictions slowly lifting we remain optimistic that we will see these areas also improve over the coming months.
We will look to update this guide on a monthly basis with any salary fluctuations we are seeing in the Sydney market.
General Manager - NSW
*The information in this site has been retrieved from sources with gender binary data. We acknowledge those who do not fit within this rigid framework and understand there are many more gender identities beyond the binary.
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