Technology job-seekers are recognising their value and placing more importance on salary than ever before, according to research from recruiter Randstad Technologies.
A market survey found that the proportion of technology workers saying that pay is the biggest factor in choosing a job has risen in the last three years to 22%.
The survey of 10,728 UK-based workers found that the average size of the workforce involved in technology roles has also expanded, with 71,000 more employees working in technology specialist roles in 2014 compared to in 2013.
In total, there were 1,278,000 technology workers in the UK in 2014, with 49% of those (627,000) employed in the technology sector itself and the remaining 51% (651,000) employed in technology roles across other industries.
Ruth Jacobs, managing director of Randstad Technologies, comments:
“More start-ups are popping up throughout the country, and companies of all sizes are realising the importance of cyber security roles and big data analytics and hiring specialists in these fields. But this in turn has changed the tone of the jobs market – tech workers are now much more in demand and can command higher salaries than ever before.”
Those with technology skills are starting to recognise their value to companies and they are seeking salary levels which reflect this.
“Meanwhile, workers who are already entrenched in the workforce should follow the new generation’s lead, and approach pay more proactively. Now, more than ever, it is worth workers doing their homework to find out their current market value, before being bold and asking for more money – or switching companies – to make sure they are being paid their fair due,” said Jacobs.
Employers have stepped up their game to attract talent by offering attractive salary packages, but they are being slower to recognise and reward the broader skill-sets that their established workers have built up through years of hard slog following the recession.
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