IT sector shows signs of stability as turnover falls

Staff turnover in the IT sector dropped sharply during 2001.

A study by Computer Economics shows turnover fell from 19.3 to 12.7 per cent
in the six months to November last year.

The November 2001Computer Staff Salary Survey of more than 500 companies
also reveals the resignation rate fell from 12.7 to 6.8 per cent over the same
period.

Companies also reported an improvement in recruitment with those
experiencing problems down from 55.2 per cent for the previous six months to
44.7 per cent.

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A spokesman for the Computer Economics said: "The suggestion is that
firms are now in a strong position in terms of retention in IT for the next
year.

"A certain uneasiness over the current economic position could be a
factor in this stability, with employees displaying some reticence in changing
jobs until the market position becomes clear," he added.