Australia’s banking and payments industry registered a 0.7% drop in IT hiring activity in October 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring increased by 0.45% in October 2021 when compared with September 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 16.62% share in October 2021, recording an increase of 1.36% over the last three-month average share.

Top five job classifications in Australia’s banking and payments industry’s IT recruitment activity in October 2021

Out of the total job titles, the top five roles commanded a 98.24% share in the overall IT recruitment activity of Australia’s banking and payments industry in October 2021.

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1) Software and Web Developers, Programmers, and Testers recorded a share of 50.66% in October 2021, registering a 33.65% decline over the previous month.

2) Miscellaneous Computer Occupations claimed a 24.82% share, a decrease of 25.88% over the previous month.

3) Database and Network Administrators and Architects held a share of 15.12%, registering a 3.74% decline from September 2021.

4) Computer and Information Analysts captured a share of 4.41%, down 23.08% over the previous month.

Top five banking and payments companies in Australia’s IT recruitment activity in October 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 9.64% share in the overall IT recruitment activity of Australia’s banking and payments industry during October 2021 over September 2021.

Commonwealth Bank of Australia posted 131 IT jobs in October 2021 and registered a rise of 15.93% over the previous month, followed by Australia and New Zealand Banking Group with 82 jobs and a 57.69% growth. Macquarie Group with 64 IT jobs and Temasek Holdings (Private) with 45 jobs, recorded a 25.58% decline and a 25% growth, respectively, while National Australia Bank recorded a decline of 6.67% with 42 job postings during October 2021.

Junior Level job postings dominate in October 2021

Junior Level jobs held a share of 78.41%, down by 14.56% from September 2021. Mid Level positions with a 17.33% share, registered a decline of 51.44% compared with the previous month.

In the third place was Entry Level job ads with 3.52% share, down 42.86% over September 2021, while Senior postings accounted for 0.73%, recording a month-on-month decline of 72.22%.