The demand for talent in the ICT sector grows by 3.9% in the last 12 months

The monthly TIC Monitor barometer, prepared by VASS and the Economic Prediction Center CYPRESS, points out that the demand for specialized talent in the ICT world has grown by 3.9%.

This data, which constitutes the best record of the sector's job creation dynamics since December 2019, certifies the "resilience of the sector" as well as the "desired" arrival of economic normalization, as noted VASS. Like employment, the turnover of companies in the ICT services sector has also marked a very positive figure, with a +16.2% year-on-year growth between May 2020 and May 2021.

He TIC Monitor He also points out that optimism reigns in the sector. Two out of every three companies in the ICT world predict a increase in turnover between August and October. As highlighted Antonio Rueda, director of VASS Research and head of TIC Monitor, “businessmen have expressed themselves 48% more optimistic than their European counterparts regarding the short-term evolution of activity and turnover.”

Job creation

Although the data is positive in terms of billing, the same is not true in terms of job creation. In this area, growth expectations, although positive, are worse than the average for the UE-27. Despite decreasing significantly compared to the previous delivery, the short-term labor contracting indicator reaches +17.9 points on a scale of +/-100. This would be equivalent to saying that the 59% of companies trust in net job creation, compared to 41% who perceive a workforce adjustment.

Rueda, in this regard, identifies a “bottleneck” in hiring “due to the lack of professionals.” The ICT director monitor identifies that companies are finding it difficult both to incorporate specialists and to retain them. telecommuting, he comments, "has facilitated the landing of international job offers by corporations that operate in markets with more margins and with the capacity to offer better salaries; and to this are also added offers from companies not necessarily located in this subsector, which increasingly demand ICT specialists."

“All of this is capable of saturating the capacity of the national educational system in terms of generating this type of profiles,” concludes Rueda.