Attracting highly skilled tech candidates isn’t easy in the current market.
Between contending with the Great Resignation, the continued impact of the pandemic, and skills shortages, it’s never been more important to focus on effective ways to attract and retain talent.
One of the most critical advantages you can have when attracting and retaining talent is understanding market pay rates – you need to be aware not only of pay rates but how this links to the value of specific skills.
We’ve put together the Remit Resources Salary Survey 2022 to help.
So, what are the salary trends for tech in 2022?
To understand the current salary data, it is important to also understand the drivers and catalysts behind the data.
In other words, knowing the trends that have impacted the salary data can also help you to understand the context of it and interpret it.
The pandemic has been, understandably, a fundamental event for tech.
During the pandemic, there was mass adoption of cloud-first IT architecture, and it is predicted that the global cloud computing market size will grow from $445.3bn in 2021 to $947.3bn by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3%.
With this significant growth comes a necessity for talent to design, implement and manage this technology, at a time when talent gaps have already been substantial.
Additionally, the Great Resignation has highlighted how vital employee benefits are, from recognition to development opportunities and satisfactory wages – if employees feel as though they aren’t valued and compensated accordingly, they will look for work elsewhere.
The general consensus from businesses is that it is now harder to find people with the right skills than it was a year ago.
What has become clear is that employees are not looking for one solitary benefit from a company, but instead, a range of benefits and compensation.
Add in the increased cost of living which is rising at the fastest annual pace in decades, and now organisations know that they need to put considerable time, research and resources into their hiring and retention strategy.
Tech leaders have been integral to guiding proactive, innovative approaches to IT architecture, particularly senior professionals such as CIOs and CTOs, who are a vital part of the core leadership team.
The pandemic is responsible for a considerable increase in remuneration for tech leaders in 2021, with leaders that possess skills and knowledge around automation, AI, cloud computing and the digitisation of the supply chain being most sought after.
Take a look at our findings below for the average leadership salaries:
As the need for high-calibre business change and transformation professionals rises, so do the salaries – to future-proof their operations, organisations need to take a cloud-first approach led by the right professionals, or risk being overtaken by their competitors.
Research has revealed that Scrum Master is the highest paying job in the UK that doesn’t require a degree, showing the high value placed on soft skills such as communication, organisation and interpersonal, rather than a traditional/formal academic background.
Take a look at the average salaries below for change and transformation professionals:
Gone are the days of businesses relying on third-party vendors for building and managing custom digital software and products.
Instead, the most tech-forward businesses are investing in developing teams of cloud infrastructure and support professionals.
There has been a considerable shift in both focus and demand for professionals in this area due to the new emphasis on automated, software-defined roles rather than focusing on physical assets.
Part of the reason behind elevated salaries in this area is the necessity to think in days or even minutes as part of a full-stack, multidisciplinary team, rather than working in monthly or yearly asset cycles.
Here are some of the average salaries for cloud, infrastructure & support professionals:
Information security
Skills gaps in information security have proven to be quite significant, with research indicating that around 697,000 businesses have a basic skills gap, particularly in storing or transferring personal data, setting up configured firewalls, and detecting and removing malware.
Around 451,000 businesses have more advanced skills gaps in areas such as penetration testing, forensic analysis and security architecture.
Salaries for professionals in this area are rising quickly, alongside a push by businesses to invest more significantly in skills development for their employees.
Here are the average salaries for this area:
Employment in this area is expected to grow by 21% by 2028 – faster than the average 5% growth rate for all occupations – with high global demand.
Software engineers across all markets received more interview requests for remote roles than for local ones in 2021, receiving 20% more interview requests overall and showing a shifting trend for hiring in this area.
Full-stack developers are in particularly high demand due to their broad knowledge and flexibility.
Here are the average salaries for this area:
To make better-informed decisions and optimise their processes, many businesses have increasingly been adopting data analytics, contributing to a spike in demand.
In fact, demand for data scientists and data engineers tripled over the past five years, rising by 231%. Given that data professionals play such a critical and pivotal role in an organisation’s bottom line, making them highly sought after.
Take a look at the average salaries below:
With 98% of websites on the internet today using JavaScript in some capacity, it is unsurprising that JavaScript remains the most popular language used by developers and sought after by hiring managers.
Python is also largely popular, owing to its user-friendly data structures and easy web server integration.
Here are the average salaries by programming language:
In such a competitive hiring market, understanding market pay rates is critical alongside other attraction and retention efforts.
At Remit, we find and place critical and emerging cloud technology talent into rapidly-growing businesses across the globe – we want to make innovative cloud talent more accessible.
If you have any questions about the Remit Resources Salary Survey 2022 or would like to connect with a member of our team to find out more about our recruitment services, call us on 020 7183 6232 or email info@remithq.com.