Pay rates for SAP specialists have skyrocketed as demand for SAP skills outstrips supply.
“SAP has always attracted a premium rate. There is a disparity between supply and demand, and we are seeing an increase in salaries,” said Michael Moretti, IT contracts division head at IT and telecoms recruitment consultancy Greythorn.
As SAP increases its market share, more organisations are increasing their use of SAP, according to Moretti, which is fuelling demand. This is particularly relevant as businesses start adopting the cloud offerings now available on the SAP platform, he said.
In contrast, Moretti said it is "seeing a softening of contractor rates as the financial sector offloads staff”.
Research carried out by Greythorn showed that SAP salaries grew 23% to an average of £62,250 this year. By contrast, Java specialists received an average salary of £47,750, a 16% increase, and .Net professionals received a 22% rise to £44,250. Senior SAP specialists have seen an even greater salary hike, with an average salary increase of 31% to £85,000.
“SAP is currently the place to be for IT professionals who have the time and talent to develop an expertise in the product," said Paul Winchester, managing director of Greythorn. "Given the cost and complexity of most SAP systems, the sector has generally attracted senior professionals who command higher salaries than are generally seen in other disciplines."