Tech Sector Salaries Enjoy Scotland’s Highest Pay Increases
Half of the top pay hikes in Scotland have been for tech sector roles, with data architects enjoying the highest average pay increase, according to a survey from Hays recruitment.
Over the past 12 months, tech sector salaries in Scotland have seen the highest average salary increase, a study from from Hays recruitment has revealed.
This boost in pay is due to an increasing demand for digital talent coupled with a growing skills shortage – 70% of employers complained of the lack of suitable candidates.
Overall, the tech sector in the UK enjoyed a 2.3% salary increase, highlighting an unprecedented demand that exists for skilled technology professionals. Scotland showed the highest increase of employers expecting to increase salaries over the next 12 months, with 78% compared to 69% in 2018 – the rest of the UK stands at 72% for 2019.
The figures are indicative of Scotland’s flourishing tech scene, which will ultimately require more skilled individuals to ensure that Scotland’s digital economy can realise its full potential.
Skilled Roles See Highest Increases
Data architects topped the list, with an average increase of 16.7%, while systems applications and product architects saw an increase of 15.4%. Demand planners, who focus on forecasting processes, production, and revenue increased 15.8%. Other sectors also saw significant increases – communication managers increased by 14.3% and credit risk analysts by 14.3%.
Akashi Marwaha, managing director of Hays in Scotland, commented: “Overall, we’ve found that employers are pressing ahead with business plans. In fact, recruitment plans are at their highest for five years since our survey began, for both temporary and permanent recruitment. However, the lack of suitable candidates for the majority of industries and technology, in particular, is still a serious challenge.
“And as the market continues to improve, internal communication with employees is an increasingly vital component for staff satisfaction and productivity, especially for the public sector and larger businesses. This increase in new roles is clearly putting pressure on candidate availability with specialised internal communications experience, consequently pushing up salaries.
“Activity levels are high in Scotland with two-thirds of employers saying they plan to increase activity levels. However, the trend in Scotland is to hire fewer permanent roles. If employers in Scotland feel they won’t find the staff they need, they may be focusing more on temporary roles until the landscape improves.”
Work-Life Balance Remains Most Important Factor in New Roles
The study showed that the percentage of employers planning to hire permanent staff is lower in Scotland than the rest of the UK. In Scotland. 4% of respondents said they planned to decrease activity in 2019, while 30% plan on staying the same.
According to the survey, aside from salary, work-life balance remains the most important factor for professionals seeking a new role, but employee ratings for work-life balance have remained static.
The report recommends that employers should seriously consider recruiting candidates with some of the needed skills but then invest in internal training programmes to develop them into what is required for a specific role.