Technology recruiters confident for the future as eyes turn to overseas markets
The Recruitment and Employment Confederations Technology group hosted their first quarterly meeting for 2010 with a panel discussion on how to do business overseas.
The discussion, held in association with Van Essen Consulting, was the highlight of the meeting during which leading figures from international business gave members help on cost efficient ways to move overseas and the best markets to move into.
Looking at emerging markets, Neal Gandi, Chief Executive of Quick Start Global told members that the BRIC (Brazil, Russia, India and China) countries were the best areas to invest in due to their significant growth.
Responding to comments that moving outside the EU was difficult he suggested that members should get on with it as these areas are quite sophisticated and will surprise.
Lara Auvinen, Global Compliance Director at Spring Group said that markets which were big ten years ago are making a comeback due to the cyclical nature of technology projects, with most now coming up for maintenance.
Gail Williams, International Trade Advisor from UK Trade and Investment suggested that the best markets to be in within recruitment were the ones where clients do not know about added value. Using one company as a staging post to another could also be useful such as setting up in Singapore, then using that to start up in Hong Kong and subsequently moving from there into China.
Ray Walker, Compliance Director from Von Essen Consulting told members not to forget North West Europe, which he predicts will see a speedy take up of IT contractors.
Also on the panel was Lawrence Levy, Managing Director of Levy Associates who warned members about the changes to expect such as payment only by cheque which is normal within the United Arab Emirates.
Technology recruiters also placed their confidence in the market at 4.5 out of seven, an improvement from December where confidence was 3.5 out of seven.
Commenting after the meeting Jeff Brooks, Chair of REC Technology said: The meeting went well with great advice from our panelists. I am delighted to see that confidence among our members continues to grow and is the most positive it has been in 18 months. Whilst we may see some fluctuations in the market going forward the trend is upwards and thats great to see.