IT professionals seeking lucrative new contracting or permanent opportunities are witnessing a record high in their sector, with pay reaching the highest average rate ever recorded in the industry, a new analysis from recruitment company CV Screen reveals.
CV Screen’s study analysed 50 different IT roles that had been advertised over the last three months across all of the country’s jobs boards and in the national press. When compared to the same period three years ago, average pay was shown to have climbed by two per cent, so the average permanent salary for an IT professional now exceeds £40,000 per annum – the first time such a figure has been reached.
The study also identified the regions where IT professionals earned the most. It may come as little surprise to find that those working in London commanded the highest pay, with average salaries coming in at 14 per cent over the national average.
The “runner-up” region for pay is the South East (eight per cent above the national average), and in third place is Thames Valley (five per cent above the national average). Average pay in East Anglia is one per cent above the national average, placing it in fourth position.
These four regions are the only ones where average pay exceeds the national average. The Midlands has an average of two per cent below the national average, while Wales is the lowest-paying region at 13 per cent below the national average.
CV Screen’s Managing Director, Matthew Iveson, said: “London and the South East are consistently ranked among the best places to work in Britain, and Thames Valley has been described as the UK’s Silicon Valley, so it is no surprise that IT professionals earn more than the national average in these regions.”
IT professionals with web development and software engineering experience emerged in this study as the most sought-after, a finding in line with recent research from recruitment finance provider Sonovate, which last month showed that demand for techies with web development know-how surged by 22 per cent between Q4 2015 and Q1 2016.
Umbrella Company Employees and other contracting professionals with Web Solutions Architecture skills emerged in the Sonovate study as the highest-paid, earning £650 per day on average.
Commenting, Sonovate’s co-CEO Richard Prime said that UK companies were on the lookout for skilled web development contractors in large numbers and were prepared to pay very competitive rates to do so.
He added: “Web development contractors are getting better compensation than ever before – which speaks to both a serious appetite for quality work and the UK’s increased stature in the world tech market.”