Over half of the IT and technology workforce feel they are underpaid, according to research from recruiter Randstad Technologies.
The survey of 2,000 UK adults found that only 47% of employees in the IT sector are happy with their current salary. The national average is 43%.
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Regardless of feeling pay is too low, 60% of respondents said they are happy with their job. This figure stands at 61% across the entire UK workforce. According to the survey, utilities workers are the happiest with their pay (96%) followed by those in insurance (90%).
Mike Beresford, managing director of Randstad Technologies, said it’s been a tough job market in recent years with confidence on the decline: “And that’s been reflected in people’s priorities – salary packages weren’t as important to potential employees as the security of their position.
“Over the course of the last 12 months, that’s changed dramatically and the UK’s workforce appears much more bullish.”
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In an separate survey by the recruiter, 7,000 UK adults said the most important requirements when looking for a new employer are competitive pay and benefits. Job security has previously been the top requirement for the last three years, which this year fell to third place.
Beresford said: “In 2011 and 2012 the number one priority for people was job security – now it's salaries and benefits. Tech employees certainly aren’t the least happy in the UK, but employers must redouble their efforts if they are to attract and hold on to skilled employees as the sector grows.”
According to the survey, in 2012 27% claimed long-term job security was the most important factor when choosing a job, however this has fallen to 16% for 2013. This year 18% of respondents said competitive salary and employee benefits are the most important factors when picking an employer, a figure which was only 11% in 2012 and 12% in 2011.
“Last year tech employees felt they were working the equivalent of one-and-a-half jobs, and it’s clear teams are still as lean as possible. While cost is still a concern, the best employers make sure employees don’t feel stretched to breaking point. Workload management, alongside professional development, should be high on an employer’s agenda for maintaining morale,” said Beresford.