Posted by Robert Half on 03 January 2014
With technology having such a vital role to play in today's world of business - proving integral to many organisations' business models - it should come as little surprise that demand for skilled and experienced IT professionals continues to rise. Business leaders recognise the importance of technological innovation, in order to steal a march on their rivals - or at least keep up with the rest of the market. But in order to do this, they need to hire exceptional people with specialist technology skills. For this reason, the technology recruitment market held up better than most during the economic downturn, and is continuing to perform well heading in to 2014. As employers compete to attract and retain top talent, many salaries are likely to increase.
Which skills are in demand?
Skills shortages exist in a number of areas, including software/applications development, infrastructure, cloud technology and security. Employers are looking for a range of attributes from new hires, including business skills such as commercial acumen, communication abilities, analytical and research capabilities, and problem solving.
Which roles are seeing salary inflation?
Salary inflation is being seen across a large proportion of industry roles, with wages set to rise by three per cent or more for many positions in 2013. There is some degree of regional variation, with jobs in London and the south-east of England typically paying more. Conversely, professionals working in the north of England, the Midlands and Wales can expect - on average - to earn around ten per cent less than the nationwide average.
Database/business intelligence developers can expect to see salaries rise in 2014, with 4.0 per cent earnings inflation (3.7 per cent in London) predicted for this year. According to the latest Robert Half Salary Guide, professionals should be able to command between £40,000 and £63,500 per year, or £47,750 and £72,250 in the capital. Business intelligence analysts can also expect to earn more, with salaries rising by 3.6 per cent to £45,250-£56,500 across the UK as a whole, or by 1.4 per cent to £47,750-£83,500 in London.
Employer demand for project and programme managers also remains strong - and this is likely to see 2.7 per cent wage inflation across the UK. In 2013, these professionals could expect to earn £58,250-£97,000, or £86,750-£127,250 in London. Project and programme managers switching jobs this year can expect to be offered in the range of £59,500 and £100,000 nationwide, or £89,250-£126,500 in London.
Salary inflation for information and security professionals
Information risk and security professionals should earn more this year, with chief information security officers receiving between £75,000 and £134,500, up 3.5 per cent on last year. In London, salaries are forecast to rise by 1.6 per cent to between £97,000 and £125,250. Information security managers are set to receive between £65,000 and £90,500, up 4.0 per cent on last year, or between £75,250 and £105,750 in London, where 1.7 per cent inflation is anticipated.
Information security officers - forecast to see a 4.0 per cent rise to £40,000-£65,250, or 3.5 per cent to £52,000 - £77,500 in London - have the opportunity to increase their salaries, as do security network engineers - a predicted 3.5 per cent rise to £40,250-£56,000 on average, or 3.2 per cent to £56,750-£73,500 in the capital.
The expected rate of salary inflation for security network administrators is 3.6 per cent - for an earnings band of £36,750-£49,750 - although wages are set to rise at a slower rate in London - 0.9 per cent for a wage bracket of £49,750-£67,250. Security systems administrators should see 3.2 per cent inflation on average, or 1.4 per cent in the capital, meaning they should be able to command £42,000-£54,750 or £53,250-£69,500.
Architecture and development wage rises
Employers are continuing to look for technology professionals with architecture and development skills, causing salary inflation in this segment of the market. The average infrastructure architect is likely to command between £55,750 and £69,000 - up 3.7 per cent on last year - or between £79,250 and £109,750 in London - representing a rise of 2.7 per cent.
Meanwhile, infrastructure architects are set to see 3.7 per cent wage inflation - to £55,750-£69,000 - on average, or 2.7 per cent in London - to £79,250- £109,750. Robert Half anticipates salaries for data architects will increase by 3.8 per cent to £57,750-£70,500, or by 2.1 per cent to £78,000-£112,250 in the capital. The average solutions architect should be able to command between £56,750 and £73,500, up 2.4 per cent on 2013, while those working in the London may earn between £58,750 and £100,250 - a rise of 1.9 per cent.
Developers are also proving in demand among employers, meaning they have the opportunity to negotiate pay increases this year. The average development manager may command £54,250-£91,500 - up 2.3 per cent - while lead developers should earn between £48,500 and £75,500 - a rise of 3.5 per cent - and software developers should see a 3.4 per cent rise to £31,500-£66,500.
As ever, those working in London usually command higher salaries. Development managers should see wages increase by 2.0 per cent to £89,500-£125,750, while lead developers benefit from a 2.7 per cent rise to £60,250-£123,000. Software developers are likely to earn between £36,750 and £91,250 - up one percentage point on 2013.