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Rising recruitment levels are indicating that the financial sector is recovering. Eurobase People, the recruitment division of insurance software specialist Eurobase International, has witnessed a 68% increase in IT recruitment compared to Q1 2003. This supports market predictions that budgets will increase steadily throughout 2004 due to a healthier economic outlook.
Eurobase People has found that a significant number of insurance organisations are increasing their IT investment and many projects are being re-instated that were previously cancelled as a result of depressed economic conditions. The company is observing particular demand for Project Managers and Business Analysts and expects that into 2005 there will be a growing need for development staff as projects begin.
“Eurobase People predicts steady growth within the IT sector for 2004 and 2005 and does not envisage a repeat of the boom and bust cycle of previous years”, comments Tom Fagan, Sales & Marketing Director for Eurobase People. “Insurance companies are scheduling new projects this year but there’s a shortage of good people to manage and implement them. As a result, they are looking to recruitment specialists, like Eurobase People, that understand the unique insurance environment to help bolster their in-house teams with highly-qualified and committed new talent”.