Morgan McKinley Global Trend Report IT Development and Testing 2015
In line with our commitment to keep professionals working in the IT Development & Testing discipline up to date with employment and recruitment trends, in the last quarter of 2014 Morgan McKinley conducted an international survey of its consultants in five markets.
We are seeing many functions being offshored but digital and mobile technologies, and analytics, are driving healthy demand in all of the markets surveyed. Technical expertise is often taken as a given; hiring organisations are especially keen to find IT Development & Testing professionals with an analytical mindset and the ability to communicate with the business.
Startups driving demand for talent
In Mainland China we saw demand for IT Development & Testing professionals picking up in 2014, with demand for new headcount and increasing recruitment budgets driven by mobile, digital and customer experience projects. We also expect to see IT security becoming a further growth area in 2015.
“We have seen many IT Development & Testing professionals being attracted away from large multinational companies into fast-growing internet enterprises,” comments Vicky Wang, Manager, Information Technology at Morgan McKinley’s Shanghai office. “There are hundreds of new internet startups currently recruiting and professionals joining these companies can double or even triple their previous salaries.” A university degree or HND in computer sciences, fluency in a second language, and a good grounding in statistics and analytics are all good assets for candidates.
Professionals moving to startups can double or even triple their salaries.
There is insufficient local talent to meet the demand, and many candidates in Mainland China may be drawn to Hong Kong and elsewhere, so there are opportunities for overseas applicants. “One problem is the lack of a developed contract market in Mainland China,” says Wang.
“The outlook is very positive for 2015, despite lingering economic uncertainties,” says Wang.
Salaries & Benefits
Salaries will continue to rise among fast-growing startups but will remain fairly stable in large multinationals.