The need to retain staff for the New Year period is putting a freeze on the IT job market.
Computer Economics' latest survey of 40,000 posts at 544 companies recorded a resignation rate of 7.9 per cent, the lowest for five years. In previous surveys carried out by the same firm in the last 18 months this figure has been 12 per cent and above.
Marketing administrator Peter Howes said firms are locking staff in with loyalty bonuses, which will be paid in the first half of next year.
The financial sector had the lowest rate of leavers, suggesting banks have been adept at keeping their staff.
Those who do move tend to be young males, with 11 per cent of 25 to 29-years-olds handing in their notice. Meanwhile management consultant Hay found salaries remain buoyant. According to Hay's annual survey of 338 companies, permanent salaries rose 4.9 per cent in the year to April, against inflation of about two per cent.
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