In a recent interview in Recruiter Magazine, IT recruitment firm Networkers International stated that the bulk of its businesses activity in recent months has been driven by the banking and insurance sectors. Director James Smith commented that the ‘continued bounceback’ of the banks is behind the surge in demand for IT services, adding, “New projects are kicking off at the banks. In 2009, with the state of the economy, a lot of cuts were made but going into 2010 and now – a lot of the banks and insurance houses have started new projects, which they haven’t done for the last three or four years.
Due to the lack of skills in the permanent market, there will be a shift in terms of growth on the contract front. As clients cannot find those permanent workers, they will get contractors in to work on a shorter-term basis or a project basis.”