The IT job market was buoyant in the first half of 2015 as organisations continued to expand their IT capabilities to stay ahead of the latest developments in technology. The increasing implementation of cloud drove the demand for mid to senior-level pre-sales consultants and solution architects from cloud service providers, as companies actively sought those with solid design experience in storage, server and network to help expand their business. IT security specialists were equally sought-after as organisations needed to build a strong security system to protect their data in the cloud environment. However, there was keen competition for cloud specialists as it is a new and niche area, and professionals with solid cloud experience are limited.
Companies also required developers and programmers of all levels with experience in Java and mobile applications to manage the increased workload resulting from the continued growth in mobile applications and devices. These positions were hard to fill since candidates with such backgrounds often preferred to move to a business analyst or project management role.
Within the contract market, there was a strong demand for junior to mid-level IT support candidates due to the high turnover at this level. As companies focused on work flow enhancement and cost savings, hiring managers sought business analysts who can leverage IT systems to automate processes and enhance efficiency. We also saw more hybrid roles combining functions such as business analyst and application support. Many financial services firms in particular looked for professionals with knowledge in derivatives product and a hybrid portfolio such as project manager/business analyst/application support.
We anticipate similar trends throughout the rest of the year, with professionals possessing hybrid skill sets or knowledge in multiple domains in high demand as technologies continue to evolve. Due to the intense competition for specialist IT talent, professionals switching between permanent roles will likely command salary increments of 15-18% while IT contractors can expect a 15-20% increase.
For the full report and latest salary information, please click to download the Robert Walters 2015 Hong Kong Market Update - Information Technology.
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