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The labour bubble will deflate rather than burst with some professional roles to still face shortages, says Robert Half.
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Cyber specialists to be in the greatest demand in 2023
11 January 2023
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Cyber specialists will be one of the few skilled professionals to remain in short supply for 2023 with businesses now understanding the threat that cyber criminals pose to their organisations, according to recruitment firm Robert Half.
Nicole Gorton, a director at Robert Half, said those with specialised skill sets particularly regarding cyber security would remain in high demand.
“I think that where there’s really niche specialist technical skills that people have, like cyber security specialists and developers, DevOps engineers, then those people will always be in demand,” said Ms Gorton.
Individuals with experience in those roles or have the expertise required by businesses would be able to have the job market work for them, said Andrew Brushfield, a director at Robert Half.
“Candidates with in-demand skills continue to be in control of the job market, forcing employers to finesse and adapt their attraction and retention strategies to differentiate themselves from competitors,” he said.
However, Ms Gorton said for businesses that have struggled with the labour shortage in recent years things should take a turn for the better when looking to fill roles outside of cyber security specific positions.
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“I do see that there will be a softening of the market,” Ms Gorton said.
“I mean, we’re calling it like the bubble is not going to burst but it’s definitely going to deflate, the borders are open, we’re seeing talent come through now there’ll be more competition.”
“The job seeker will have more of a competitive landscape and environment.”
Ms Gorton said companies looking to hire staff this year were more likely to be replacing those that had left rather than expand and fill additional roles.
“We are already starting to see that slowdown,” she said. “There are still companies hiring absolutely but what you will see now though is more replaced.”
“People will still move, they’ll move for the right role, for the right salary, for the right opportunity, for the right career progression.”
“So that in essence there’ll be a lot of movement, but it will be mostly replacing versus addition.”
Mr Brushfield agreed and said businesses would look to enhance existing employees’ skills rather than expanding over the coming year.
“Despite fears of recession and global political uncertainties stirring hesitation in the marketplace, the jobs market is expected to remain buoyant with companies primarily focused on filling vacant roles, boosting performance of existing employees and upskilling their staff — rather than expanding teams,” said Mr Brushfield.
“Business strategies for 2023, which include implementing digital transformation and cyber security initiatives, staying abreast of regulatory reform, and an increased cost-focused approach in the finance sector, are driving ongoing demand for specialised staff in the finance and technology sectors.”
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