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Launch of New ICT Labour Market Index

by Staff Writers •
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John Wadeson, Centrelink CIO and Deputy CEO will officially launch a new index at Intermedium's Federal Labour Market Briefing in Canberra on Tuesday, 16 September. The quarterly index is expected to be a key indicator of activity in the Federal Government ICT market. Developed by Intermedium, the index will track Federal Government labour hire contracting activity.

Australia’s largest ICT recruiter, Peoplebank Australia Limited (ASX : PBA) will sponsor the Index for the coming year.

The Peoplebank Intermedium index is based on Intermedium’s contracts data commencing with the 2003-04 financial year. According to Tim Conway, Intermedium’s Head of Research, the index represents an important “bellwether” indicator of activity in the Federal Government ICT market.

“ICT contractors represent almost 60% of the Federal Government’s ICT workforce, and changes in demand and contractor rates reflect expansion or contraction in activity by government agencies,” Conway explained. “Importantly, the index also reveals distinct seasonal variations, as well as longer-term trends in the demand for ICT contractor services, providing a planning tool for contractors, suppliers and government agencies.

“Peoplebank is pleased to be associated with this authoritative measure of Federal labour market activity,” said Peoplebank’s ACT State Manager, Chris Scullin.

“Demand for labour hire services is a strong indicator of ICT activity. As the Federal Government ICT market grows, so does the demand for labour hire services as external resources are utilised to support major projects. Conversely, when ICT activity slows, the demand for labour hire usually declines”.

“With this in mind, we can expect the index to provide a key measure of the Federal Government’s ICT market, which will be of significant value to government and the wider business community,” he said.

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