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Boost for graduates as tech salaries continue to rise

Published: Tuesday, 23 February 2016   Category: All Graduate Jobs News

The average technology salary now stands at £46,969, which indicates a 2% rise across the UK, according to the annual Job Market Report by Dice. 

The research also states that bonuses and contract rates have increased year-on-year, which paints an extremely positive picture on the whole for tech professionals entering 2016.

The survey, which interviewed a total of 1,200 tech professionals and 200 tech recruiters, revealed that almost 59% of tech workers in permanent positions earned high wages in 2015.

On top of this, the report showed bonuses to be more apparent in the tech industry, with 47% of permanent tech workers receiving a bonus in 2015. This is a slight increase from 2014, where 43% received a bonus.

According to the Dice analysis, tech contractors also expect a pay rise and bonus this year. Research reveals that daily rates increased by 2% to £381 in 2015, with 51% of employees in this sector seeing a pay rise in 2015. In comparison, this was the case for only 38% of employees in 2014.

Future expectations are looking positive, as confidence in this industry continues to grow. 62% of permanent tech workers are said to expect a wage increase at their next review – which shows a year-on-year increase of 11%. Additionally, 60% of contract workers can expect their salary to rise by a massive 54% in 2014.

The Marketing Director at Dice, Jamie Bowler, commented: “Our report shows that permanent salaries and daily rates are steadily increasing, as demand for skilled tech talent continues to rise. All of the signals look positive, the talent shortage looks like it is having an impact on market rates, which reflects the positive outlook represented in latest market report.”

If you're looking for graduate jobs in IT and other fields, visit Grad Plus and explore the opportunities that exist for you

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