Pay Cuts Slow | Employers can expect high productivity

There may be up to 1,000 IT vacancies in the country, with some of those vacancies commanding significant premiums in pay rates but many of those working in the sector regularly work unpaid overtime.

Over half of respondents (55 per cent) indicate that they work over and above their contracted hours of employment.   Admittedly, this is slightly down on the figure recorded in 2011 at 61 per cent but nonetheless, unpaid overtime is a daily reality for those working in the IT or project management disciplines.

This professional commitment and willingness to deliver high rates of productivity is good news for employers who are looking to engage either contract or permanent staff this coming year.   According to our survey, it certainly looks like they can expect high levels of engagement from staff which will deliver significant productivity gains.

These statistics also demonstrate a high degree of loyalty from staff, which aids overall retention rates and certainly helps management by reducing the time required for succession planning.

Pay cuts in the IT sector also slowed in 2012.  31 per cent of respondees indicated they took a pay cut in the previous 12 months.  This compares with a high of 53 per cent in 2011.

However daily rates for contractors or annual salaries for permanent staff are not necessarily the most important criteria for staff when looking for their next career challenge.  One third of respondees indicated that long-term career progression was the most important factor to consider when deciding on their next career move.  Admittedly, this is closely followed by salary or daily rate by 26 per cent where ‘green is still God’.

It’s also interesting to note that the question of work/life balance is critical for just one in 10 respondees.  Just two per cent of individuals indicated that the dreaded daily commute was an issue suggesting that traffic problems are less of an issue than they used to be.

Clarion Resourcing’s survey was conducted online during December 2012 through emails, a LinkedIn advertising campaign and a pop up survey to all visitors to the Clarion Resourcing website.  A total of 103 individuals responded to the questionnaire.  One third of respondents are currently in permanent positions, one third are in contract roles and just over one quarter or 26 per cent are between assignments.  84 per cent of respondents are from Ireland with 9 per cent from the United Kingdom.

On February 25th, 2013, posted in: Blog by

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