Many tech roles secure inflation-beating salary rises

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Author: TD SYNNEX Newsflash Published: 7th June 2023

The top salary ranges across a variety of tech roles have risen over the past year, according to a new study from recruitment firm Aspire.

The company’s ‘2022/23 Salary Guide’ looked at a range of jobs across tech and digital, media, marketing, sales and research.

Many tech roles secure inflation-beating salary rises

It found that many tech roles had risen in year-on-year terms from April 2022 to April 2023, with some rising by as much as 30%.

According to Aspire, the figures could be good news for a sector that has had a difficult 18 months or so, with a number of major employers having made lay-offs.

Terry Payne, global managing director at Aspire, said that steady salary growth in key roles could represent “the first green shoots of recovery” in the tech sector.

He added that one consequence of the lay-off was that there were now plenty of highly skilled tech workers on the market.

Rather than driving down salaries, employers were competing to secure the services of new talent with competitive remuneration.

There was already a long-standing skills gap in the tech sector, even before the pandemic and lockdowns drove demand up still further.

Working from home produced an increasing reliance on technology and many companies struggled to fill key roles.

Many key roles have seen major salary rises

There have been upheavals since with mass redundancies in the sector, but in general, wage rises have been beyond that seen in most other sectors.

According to Aspire’s analysis of around 1,400 roles, quality assurance (QA) engineers had one of the largest gains.

Salaries increased by around a third (30%) for junior to mid-level engineers, from an average of £35,000 in 2022 to £50,000 in 2023.

Chief technology officer (CTO) roles made an even bigger leap, with the minimum salary increasing from £80,000 in April 2022 to £150,000 in April 2023 – a rise of more than 87% over the past 12 months.

Graduate-level data analyst roles enjoyed a more modest rise of 7% in average salaries offered, from £28,000 in 2022 to £30,000 this year.

Junior UX/UI design roles also saw a 13% jump, but mid-level designers were offered around 10% less at an average of £50,000.

Other roles including mid-senior-level product managers and heads of QA and UX/UI stayed more or less the same.

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