Tech Jobs Up 17.3% Despite Market Crash

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As Australia prepares for unemployment rates to reach levels not seen since WW2, there is one sector bucking the trend.

New research from LinkedIn shows the hiring rate for jobs in Software & IT Services has increased 17.3 per cent.

Finance (10.3 per cent) and healthcare (12.6 per cent) have also managed to post positive hiring rates, despite the economic downturn.

In terms of specific roles, the report found jobs that require transferable skills have been particularly sought after.

This includes Customer Success Manager, which requires skills in account management, Software as a service (SaaS) and Customer Relationship Management (CRM).

Also proving popular is Business Development Manager, which uses account management, business strategy and marketing strategy.

However, there is a clear overall decline in the jobs market for Australia. YoY hiring growth has decline 2.8 per cent, with industries such as Education (-25.6 per cent), Consumer Goods (-11.7 per cent) and  Recreation & Travel (-10.8 per cent).

“Based on hiring trends we’re observing globally from countries that have implemented strict restrictions on travel and social gatherings, we expect the decline in hiring growth in Australia to accelerate and deepen in the coming weeks,” LinkedIn said.

However, there is a sense of optimism about the market recovering eventually.

“While it is clear that the hiring rate has declined, LinkedIn’s data also shows that the hiring rate has already started to improve in China, after the country followed aggressive containment efforts and saw progress in stemming the spread of the virus,” LinkedIn said.

“Based on early trends in China, we are hopeful that economic activity can resume once the virus is contained.”

 

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