A shortage of skilled IT professionals across the country has resulted in tough competition across five key technology skills in particular: Big Data, Cloud, IT Security, Mobile and Web Development.
Our latest Tech Cities Job Watch report reveals that:
- Average IT contractor day rates have soared by 9.11% over the last year - now at £431
- Hiring demand for contractors increased by 2.23% year-on-year, compared to an increase of 1.95% for permanent roles
- Cloud discipline saw the biggest year-on-year growth in day rates by 11.34%, followed by IT Security (4.98%) and Mobile (3.49%)
- Demand and remuneration for IT Security professionals climb as the threat of cyber attack intensifies, with this discipline offering an average permanent salary of £58,003.
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This infographic highlights the average permanent salary and contractor day rate in Q2 2016 for UK Tech Cities that are rapidly developing reputations as technology hubs including: London, Manchester, Leeds and Birmingham, as well as the ups and downs of hiring demand across the five disciplines.
- Tech Cities outside of London continue to become more attractive job seekers, with rising hiring demand in Q1 2016 narrowing the gap against London's dominance as the main Tech City
- Organisations are under pressure to offer more competitive salaries and benefit packages, in a bid to secure to talent ahead of their competitors
- Following recent high-profile cyber-attacks, and data leaks, and the new EU Data Protection Reform coming into place, many organisations are increasing investment in their data protection measures.
- Tech salaries outstrip UK wage growth as firms invest in permanent staff over contractors
- Percentage of permanent compared to contractor roles increases by 3% on previous year
- Importance of IT security reflected with largest pay rises (10% day rate, 3.55% salary)
- 35% of tech roles are now outside London – an increase of 7% on previous year