It will come as no surprise to most, but according to our latest Hays UK Salary & Recruiting Trends 2019 report, the technology sector is still booming. In fact, the report revealed that 95% of technology organisations expect their business activity levels to increase or stay the same over the coming year.
In light of this optimistic outlook, recruitment is high on the agenda for the vast majority (81%) of tech employers. Two-thirds plan to recruit permanent technology staff, while 41% are looking to take on contractors in the year ahead.
However, employers may find they have an uphill battle on their hands when it comes to recruitment. The vast majority (93%) say they have experienced skills shortages over the last year and it doesn’t look like things will be getting any easier in 2019. Two-thirds of employers expect a shortage of suitable candidates to be their biggest recruitment challenge in the year ahead.
In fact, over half of tech employers (54%) say skills shortages are affecting their ability to deliver projects and 52% say they have affected productivity. There has been particular difficulty hiring experienced professionals and middle management over the last year.
With such a competitive recruitment market for the best tech talent, salaries in the sector have risen. On average, tech salaries have increased by 1.7% over the last year, however, in areas of particularly high demand or with even more acute skills shortages, average pay rises have been higher – for example 3.2% in cyber security, 2.7% in development and 2.6% in data and advanced analytics roles.
Yet, nearly half (44%) of technology professionals changed jobs in the last year, and almost as many (41%) said they considered it. This means that there is a large tech talent pool available for employers to benefit from, provided they are able to attract and retain the best candidates.
To discover more insights about the digital technology, IT and telecoms market, and the prospects for the next year for technology as a whole, request your copy of the Hays salary guide here.
For more information or to discuss your recruitment needs in this field, please contact your local consultant.
James is Director of Hays IT, Digital Technology and Project Solutions in the UK, Ireland and EMEA. Having joined in 2000, he is responsible for the strategy of Hays’ Project Solutions, IT and Digital Technology businesses, which includes IT contracting, permanent technology recruitment, resource augmentation and statement of work solutions across both the private and public sectors.
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