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As we head towards the end of the financial year the technology recruitment market is red hot. As per our recent Global Digital & Technology Hiring Market Snapshot, demand for top talent is as high as it has been in Talent’s 25 year history.

 

The boom is being driven by a perfect storm of:

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// A V shaped economic recovery in Australia
// Businesses prioritising technology and digital transformation projects to support WFH and to take advantage of increased online activity/spending
// No overseas talent entering the market, whilst losing ex-pat talent back to their home countries
// Many skillsets were already in short supply pre-COVID

 

Technology has been one of the most successful sectors throughout 2020/21 and that looks set to continue for the foreseeable future. Digital projects are accelerating, as is moving to cloud environments. We are seeing significant investment in security and businesses are rapidly ramping up their online presence. In addition, lots of money is being made available for start-ups and the bigger players are focusing on their innovation hubs. The net result is that salaries and contract rates are recovering and have recovered. As mentioned in our Global Digital & Technology Hiring Market Snapshot, key skill sets in high demand are experiencing increased salaries and rates. Candidates in particular demand include those with skills in software development, cybersecurity, architecture, SaaS sales & account management, cloud and business analysis. 

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Industry sectors that are performing particularly well include Government, health, finance, aged care, e-commerce, FMCG and logistical services sectors. 

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Industry sectors that continue to struggle include travel, entertainment, leisure, advertising and administration. Unfortunately until the international borders reopen, this will remain the case.

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We will look to update this guide on a monthly basis with any salary fluctuations we are seeing in the Sydney market.

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