Why IT contractor salaries are rising


Why IT contractor salaries are rising

Overall contract rates in London have increased 3.4% year on year, which is indicative of where employers’ priorities lie at the moment.

Many are looking to bring in IT specialists capable of making key improvements on a project basis, according to the Robert Walters 2012 salary survey.

Within commerce and industry, daily rates have reached up to £500 for C# developers (compared with £400 in 2011), project managers (compared with £450 in 2011) and senior business analysts (compared with £450 in 2011).

Similarly, project managers with in-demand skills within the investment banking sector are securing rates of up to £800 per day (compared with £600 in 2011).

This trend has been reflected in the jobs market, where we are seeing notable demand for project specialists and developers with knowledge of statutory, regulatory and compliance platforms in the financial services sector.

Due to their business-critical nature, we expect this to remain a key hiring area for the rest of the year.

The number of infrastructure projects has also increased significantly lately. This has led to demand for information and security specialists as employers seek to ensure their systems are as robust as possible.

The move towards cloud computing continues to gather momentum across the market. As VMware is the predominant technology, specialists in this area are particularly in demand.

While the contract IT jobs market is looking positive, growth in permanent salaries has been relatively modest by comparison. Overall, they are up 0.6% year on year.

Java, .Net and C++ developers in the investment banking sector are securing salaries of up to £90,000

But we still are seeing increases in some key areas. For example, the salary survey shows that Java, .Net and C++ developers in the investment banking sector are securing salaries of up to £90,000 (compared with £85,000 in 2011).

This is reflected in the fact that both permanent and contract development vacancies have been on the increase lately.

With non-technology-focused companies implementing IT-focused projects as they seek to move into the digital age, for example, many are looking to improve their websites. As a result, developers with customer relationship management (CRM) systems and web experience are in demand.

The volume of front-end development vacancies has also remained strong, meaning IT professionals with PHP, HTML5, CSS, jQuery and Drupal skills have a number of opportunities available to them.

Matt Bartley is manager of IT recruitment at Robert Walters.

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This was first published in June 2012


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