Demand for finance sector IT staff falls despite recruitment surge

The demand for finance sector IT staff has fallen 6% in the fourth quarter of 2010, despite industry recruitment levels increasing 21% compared to a year ago.

According to a Computer Weekly report from Salary Services Limited (SSL) and, the finance sector is the only private sector to see recruitment levels fall in the fourth quarter compared to the previous quarter. All other sectors experienced an increase in demand.

The number of jobs advertised for software houses and consultancies increased by 8%.

George Molyneaux, research director at SSL, said, "This growth may well be at the expense of jobs in finance as they transfer operations and development to outsourcing companies."

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Mike Hanes

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