From Silicon Valley to London to Mumbai, the IT job market is white-hot and full of great salaries. In London, salaries in the IT sector (UK) reflect the continual growth of the technology industry. Mobile app developers and designers, data engineers, and wireless network engineers have earned some of the highest salaries in 2015.
Specific IT sectors that are growing include: mobile solutions, information and risk security, cloud adoption, and business intelligence. Some positions in this sector are also changing dramatically. Database developers, as well as help desk and desktop support workers are experiencing a change in skill sets. The average IT salary in the UK is around £43,185 a year. Here are some salaries for more specific positions:
Technical Architects: £71,039
Network Security: £54,341
Network Manager: £53,997
Functional Consultant: £52,988
Systems and Network Administrator: £40,382
Database Developer: £44,458
Software Developer: £45,177
Telecoms Consultant: £40,439
Growth and Loss
Some positions have experienced a loss of salary. This includes functional consultants and IT/systems managers. However, most positions are experiencing a raise in salary. Programme managers and technical architects are making at least £7,000 more than they were last year. Most salaries have risen over the last 3 years, which has coincided with the demand for higher skilled staff. This sector has also had an increased number of positions opening up in the last year, which calls for a more competitive market for IT professionals.
Capitalising on Trends
Part of this is due to previously techno-phobic companies opening up to the possibility of adding IT departments. Businesses are looking to expand and capitalise on recruitment trends. An opening up of the market in the UK specifically has been met with a pickier labour force. Because so many good jobs are in demand, high skilled workers can choose the places they decide to work.
Temp vs. Salary
Many companies are willing to hire temporary professionals and independent contractors who can step in and out of positions at a moment’s notice. However, this trend indicates that both salaried workers and the freelancers have increased their pay during this time. Of course, this has also affected the businesses themselves.
There are over a million IT jobs advertised a year in the United Kingdom, which means that perhaps IT professionals are being too picky about the kind of positions they are willing to work in. However, if companies keep hiring and creating new roles in order to alleviate their over-worked staff, then this will soon even out. The demand for skilled and knowledgeable talent is quickly outpacing the supply of highly skilled and talented workers. Companies and prospective employees must meet each other halfway.
Hiring in the technology field is in an upward climb and the forecast is calling for continued growth. Around 91 percent of IT leaders claim to plan on increasing their investments in new tech projects, and 54 percent are looking to increase permanent staff. However, many companies are having trouble finding the right pool of talent from which they can recruit.