Almost three quarters of senior IT professionals in the UK are actively looking for new jobs, but the turnover rate will most likely fall and stabilize within the next 12 months, according to a new report by recruitment company Harvey Nash.
Harvey Nash teamed up with PA Consulting to conduct a survey among 360 UK chief information officers and senior IT professionals and found that 72 percent of senior IT staff are either actively seeking new employment or would consider a request from recruiters.
The CIO survey reveals that 63 percent of the respondents expect to move on to another job within two years, while 35 percent expect to have a new role within 12 months. In a similar survey last year, 34 percent of IT leaders said that they expected to change jobs within a year. Only 15 percent of them have in fact done so.
The study also shows that job satisfaction is on the decline: only 74 percent of the senior IT professionals described their roles as fulfilling or very fulfillling, compared to 84 percent in 2006.
While this explains the fact that the majority of UK IT senior staff are eager to find new jobs in the near future, industry insiders do not think that the turnover will be quite as great as is to be expected and they are not worried by the current numbers.
“Stability is not necessarily a good thing,” said Matt Smith, director of UK regions at Harvey Nash. “One factor driving this stability is the nervousness surrounding the economy. At times like this, it’s better the devil you know. Not many people are going to want to take that leap of faith and look for a new job. So, in that sense, a level of churn is healthy.”
He added: “Our analysis over the last few years has shown a significant amount of job browsing by senior IT professionals, but decreasing levels of actual movement.
"As the economic climate continues to worsen, we expect nervousness among CIOs and IT leaders will result in fewer seeking new positions and a subsequent reduction in the number of empty roles. Less movement in the market means more stability for employers and fewer disruptions from the churn of senior leadership."