Recruitment dips for IT contractors in finance sector

Recruitment in the IT sector is experiencing a decline for both contract and permanent staff, according to a recent survey.

The report from IT recruitment consultancy, Cititec, suggests a net decrease of 16 per cent for contract work and eight per cent in permanent hiring throughout Q2 of this year compared with a year ago.

The survey breaks it down by individual technological areas. Within this, development is performing worse (a dip of over 25 per cent) whilst trading applications is predicting an increase.

Robert Grant, Director at Cititec said: "On the face of it the figures look concerning, however in Q2 of last year there were unusually high levels of recruitment as confidence increased into the market.

" This has meant that 2013 looks worse in comparison, but is actually at normal levels for the time of year. Also the number of off-shore projects are increasing. The global picture is positive, but has dropped off in the UK."