Peoplebank Intermedium Federal ICT Labour Hire Index tracks “most significant reductions in ICT labour hire in over seven years”

The second Peoplebank Intermedium Federal ICT Labour Hire Index, released today, shows a continuing correction in the public sector ICT contractor market over the past 12 months. This downward trend – which has seen the Index fall by more than a third from September 08 to May 09 – is likely to continue until 2010.

The sustained reduction in ICT spending over the past 24 months has resulted in the most significant reductions in ICT labour hire spending in over seven years. 

“It’s clear that Federal agencies are embracing the recommendations, outlined in the Gershon review, to cut costs through strategies including replacing contractor with full-time APS personnel. Additionally, some agencies are responding to budget pressures by keeping their IT spend to &