Promising outlooks on the IT recruitment market in the second half of 2016
Hồ Chí Minh City, July 9th 2016 – According to VietnamWorks’ analysis of IT jobs from 2015 up to now, the IT recruitment market seems to be slowing down. However, with many important recruitment events coming up, such as the technology and IT job fair TECH EXPO 2016, the market is expected to be back to its impressive growth during the second half of 2016.
1. IT recruitment demand slows its growth rate
Regarding recruitment demand, the number of IT jobs including Software and Hardware rose 6% compared to last year; more specifically, Software jobs increased 14% and Hardware jobs increased 6%. However, compared to 2012 – 2015 numbers, where we saw IT-Software increased 47% on average, the latest numbers show a slowdown of the IT recruitment market.
( *1H: represents the figure of the first 6 months)
2. Remarkable growth in IT labor supply
Regarding labor supply, the first 6 months of 2015 witnessed a decrease of 6% compared to the same period of 2014; in 2016, that figure jumped to 40% compared to 2015. It shows that IT labor supply is growing faster and bridging the gap between supply and demand in recent years.
VietnamWorks data showed that the figure of IT labor supply had increased wildly by 63% in the second half of 2015, compared to the first 6 months of that year. If this trend persists, we can expect that the IT labor force in the last 6 months of 2016 could achieve a similar growth rate.
3. What to expect for the last 6 months of 2016
While other industries tend to recruit at the beginning of the year, IT jobs concentrate at the end of the year. With this tendency, we can hope that both supply and demand will increase significantly in the second half of 2016.
To some extent, the incredible growth of the IT recruitment market in the last half of 2015 is the debut of TECH EXPO 2015, an event organized in both Hồ Chí Minh City and Hà Nội, November 2015. The event attracted 60 IT companies and more than 2,500 IT professionals.
“In order to strengthen connections between employers and job seekers, we organize a technology job fair with the aims to encourage direct interactions and understandings from both sides. We believe this is the core element to help both job seekers and employers make the right decision before agree on working together. For employers, it means not only to meet current recruitment demands but also to hire the right employees who stay long for the future development of organizations. For candidates, identifying and carefully selecting company cultures have the consistent in personal values are the essential factors to move forward in their career path.” Mr. Gaku Echizenya – CEO of VietnamWorks said.
4. The return of TECH EXPO
Following the success of the previous event, TECH EXPO will be returning in Hà Nội, September 17th 2016 and in Hồ Chí Minh City, October 1st 2016. The event is the combination of online recruitment with offline job fair event where IT candidates in Vietnam have a chance to discover and join not only local but also international well-known IT companies. Up to now, there are more than 7,500 registrations from IT candidates and confirmations to join from 40 companies. Job seekers and IT professionals can access this website for further information and registration: http://topit.vietnamworks.com/techexpo
The scale of the event this year has expanded with many exciting activities such technology showcases and seminars. The featured topics of the seminars including Big Data, The future of Game Development in The World and Agile culture will be discussed in depth at TECH EXPO 2016 by many well-known speakers in the technology industry.
Understanding our workforce in the market, VietnamWorks always finds creative ways to design a playground for IT professionals to exchange knowledge, gain more experience, develop skills and approach modern technology. For Vietnam, to achieve the goal of becoming the regional technology center, not only the quantity but also the quality of workforce should be considered the priority of development.