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Posted on January 14, 2019 by staff

Tech salaries grow for third year in row

Average advertised salaries for tech professionals have increased for the third year in a row.

Tech salaries increased by 1.7 per cent in 2018, one of the highest increase across sectors, despite uncertainty in the broader economy.

The biggest increases in advertised salaries were experienced by PHP developers with a 6.9 per cent increase to £42,100 per annum, Java developers with a 6 per cent increase, and data scientists with a 5.9 per cent increase.

The data comes from Reed’s 2019 Technology Salary Guides, which analysed more than 10 million jobs posted across sectors since 2015.

It also reports that on average, the advertised salary in the tech sector has increased by 1.4 per cent since the start of 2018, one of the highest rates across sectors.

“Looking to 2019 and beyond, there will be an array of development-based roles on the market, along with an accelerating demand for cyber security professionals,” commented Andrew Gardner, director of Reed Technology.

“There is still strong demand for candidates with mobile, front-end development and full stack experience.

“The impact of legislation such as GDPR is still creating demand, with companies conscious of the ramifications of falling foul of GDPR guidelines alongside this – data is the new oil, so we see no sign of data analytical and science roles slowing.”

Since the report began three years ago, the highest average increase has been seen by java developers, growing average salary by 41.6 per cent and full stack developers with a 20.8 per cent increase.

Regionally London has seen the largest increase with advertised salaries rising by 4.5 per cent.

Gardner believes that Brexit will impact the job market and candidate flow in future years.

“Open borders have seen many development roles in the UK being filled by workers from EU countries, and we don’t know how the industry will react or respond if there are new restrictions enforced on this wider talent pool,” he said.

“Whenever any large-scale change occurs, IT is the driving force behind those changes.

“Even in the depths of the credit crunch, the IT sector was impacted much less than others because organisations were using technology to analyse date and automate processes to achieve greater efficiency and cost savings – bringing IT and technology to the fore.”