Over the past twelve months, our Business Engagement team have noticed a clear distinction in relation to demand for resources within different industry sectors. Whilst the strains on the European Financial Market continue to deepen, the larger banking organisations especially those with a significant international presence are sitting tight, reticent to commit to large projects in 2012 until the true impact of the current financial storm are realised. On the other hand, there are a number of local financial services companies especially those in the insurance, mortgages and commercial finance industries, who are optimistic and are pushing ahead with core system replacement projects and ecommerce transformations to catch up with their peers in the banking industry. For many the opportunity cost of not having strong online presence and the lack of investment in newer technology platforms far outweighs the initial outlay for modernisation projects which will ultimately result in increased efficiency and greater opportunity for revenue generation.
Our Commerce and Industry clients in contrast have seen clear spikes in recruitment over the past twelve months with further large scale projects scheduled for next year. The trends in this sector are still very much in the pattern of acquisition and consolidation as some of Australia’s largest players come together with the likes of the acquisition of Franklins by MetCash and a number of conglomerates looking to consolidate their IT environments. Mining, Engineering and Energy companies are still hiring at a senior level, alongside construction and property companies. All indicators are that it will be a big year within the Telco space for large scale transformational projects across customer service and life-cycle management with analytics. Again in this sector trends are around mergers such as VHA and 3 Mobile which is driving consolidation of their platforms, upgrades and migration projects, alongside the ongoing NBN programme of work which continues to suck up resources. Project sizes within this space are ranging from $20M to $400M and anticipate to get underway in Q1 2012.
What Next?






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