Wednesday, 06 April 2016 13:14

IT salary increases on the horizon says recruitment firm Featured

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One in two Australian businesses plan to increase salaries for their existing IT employees in 2016, according to a new survey which reveals that 50% of CIOs say they intend to give the increases.

Recruitment firm Robert Half, which surveyed the IT market, says that while salaries in many Australian companies will remain stable, the growing supply and demand imbalance for specialised and hard-to-fill IT roles will drive the rise in starting salaries.

And, Robert Half says technology is the “hot spot” in today’s employment market, with the IT industry in the middle of a five-year growth cycle, as projected by the Australian Government, and a projected 14.2% increase in the demand for IT appointments over this period.

The recruitment firm lists the top 5 ‘golden’ – or ‘hottest’ IT jobs - as Business Intelligence Developers, Infrastructure Managers, ERP Functional Consultant/CRM Consultants, Enterprise Architects and  (IT) Project Managers.

David Jones, Senior Managing Director Robert Half Asia Pacific said Big Data, cloud and mobile technology continue to dominate the IT market, “with businesses actively seeking skilled and experienced IT professionals to support innovation and sustain business growth.”

According to Jones, increased investment and new initiatives in both technology and non-technology based businesses have created a “skills shortage which is set to continue in 2016”.

“More than nine out of ten (93%) Australian CIOs claim it’s a challenge to find skilled IT professionals. From small to large companies, hiring managers are facing stiff competition to attract and retain top IT talent and this is having an upward effect on salaries for several IT roles.

“In order to attract and keep top talent on the payroll, proactive companies are adjusting their remuneration policies to ensure their offers match or exceed averages in their location and industry,” Jones said.

Jones said, however, that not all companies rely on pay rises. “Others rely on their brand, pay extra attention to work-life balance, or offer appealing career opportunities to attract top IT talent and gaining their loyalty.”

And, Jones notes that even though starting salaries will remain stable for the majority of IT roles, there are several highly specialist IT roles that can expect an increase in starting salaries in 2016.

“Top IT candidates – those with highly sought after or niche skills – will typically receive multiple job offers, leaving them well-placed to drive their salary negotiations. As a consequence, many specialists are likely to consider moving roles if they are offered a better remuneration package.”

On the demand for Business Intelligence Developers, Robert Half says that the challenge for BI developers is warehousing, aggregating and transforming raw data so it is accessible to non-technical staff without compromising data security.

“Recruitment remains a challenge for hiring managers as demand continues to be high for top BI developers talent,” the firm says.


Remuneration trends in the IT department:

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