More than half of IT professionals eyeing up startup vacancies

55% of IT pros want to join a startup company as businesses struggle to retain talent, survey from Mortimer Spinks and Computer Weekly finds

Half of IT professionals plan to change jobs in the next 12 months, with more than half (55%) leaving to join a tech startup, a survey from Mortimer Spinks and Computer Weekly has revealed.

Now in its fourth year, the Technology Industry Surveyquestioned 3,408 technology professionals for 2015.

The survey found 31% of respondents have felt let down by their company in the past two weeks, and 31% claim they have not felt surprised for the better by their company for at least 12 months.

In addition, 72% said they feel they need to move to a new role outside of their current company to progress in their careers, while 27% said they are actively pursuing new opportunities now.

Last year's survey revealed 36% of the IT industry had moved in the past 12 months. This year that figure increased, with 48% saying they had started a new job in the past 12 months.

45% of those questioned last year said they intended to move jobs and 48% did. This year’s survey has revealed 50% of IT professionals intend to make a move.

Staff retention

The top three reasons that an employee would stay put at a company came out as being surrounded by good people, interesting and challenging projects, and open, honest and regular internal communication in the IT department.

In the past four years, excellent pay and rewards has not been one of the top reasons for employees to stay put in a role.

The survey revealed a correlation between happy employees and how much time they have for innovation.

The survey defined time for innovation as time to work on things that may change the way the employee's business works, where no strict guidelines are set about how the project should be managed or what the outcome should be.

When employees said they are allowed 20% or more time on innovation 91% said they are either quite (53%) or very happy (38%).

Employees who said they are allowed no time for innovation (44%), more than a third said they are quite (32%) or (12%) very unhappy.

75% of those who said they are not allowed any time for innovation are planning to leave their current employer in the next 12 months.

Only 37% of those allowed 20% or more time on innovation said they are planning to leave within the next 12 months.

How are salaries faring?

Of those who took the survey, 30% work in the technology sector, 14% in financial services, 11% in business/professional services and 10% in retail. Meanwhile, 64% of respondents said they are employed on a permanent basis and 34% contractors.

2014 was a good year to be a software engineer, according to the data, with 0% experiencing a pay cut and just under a third of them receiving pay increases of more than 10%. Elsewhere, project managers saw the highest number of pay cuts of any disciplines.

The average salary of respondents was £46,619, with software engineer as the most common job title. The average daily contract came out at £403.93.

This year’s survey revealed 64% of the industry’s permanent employees received a pay increase, with 22% seeing an increase of 10% or more. Nearly half of contractors (48%) increased their daily rates this year, 22% of them by more than 10%.

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