Salaries rise as demand for senior IT staff outstrips supply


Salaries rise as demand for senior IT staff outstrips supply

Rebecca Thomson

Demand for senior IT specialists is outstripping supply, pushing up salaries, according to research by recruitment firm Best People.

The survey of more than 100 companies recruiting for IT roles highlighted a lack of director and senior management-level IT professionals.

This has resulted in improved salaries and benefits packages as firms compete to attract candidates. Some 75% of companies said they offered employees flexible working, and 85% said their benefits package was standard or above.

The recruitment agency said salaries are set to "soar" as employers have to recruit from a shrinking pool of talent.

Companies are also struggling to fill vacancies quickly, according to the survey. It found that 50% of those recruiting said it took more than three months to fill a director or senior management role. Nearly 10% had experienced a five-month wait.

Steve Baxter, director at Best People, said, "The increased demand from our clients reflects the shortage of good executive candidates in the IT recruitment marketplace. There are simply not enough IT workers looking for opportunities. We anticipate no decline in market growth and sourcing niche candidates will remain a priority."

He added that the techniques needed to attract good employees must go beyond a good salary.

"A good work/life balance is just as important as an attractive salary. Although benefits offered to IT professionals may be industry-leading, flexible working is now expected as even more employees demand packages to suit their lifestyles."

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