IT Pros are Working Longer but Earning More
IT PROS ARE WORKING LONGER BUT EARNING MORE
• Candidate survey shows one third of IT professionals now spend more time at work
• Additionally, over a third confirm they are earning more than this time last year
• Increased confidence in the UK IT jobs market
It seems that the UK’s IT community is working harder than ever. The IT Job Board, the UK’s biggest IT specialist job site (1), has undertaken its annual candidate survey (2), and results show just over one third (34 per cent) of the sector’s workers are spending longer hours at work – compared to this time last year. More than half (54 per cent) are working the same hours and the remaining 12 per cent have reduced their time at work.
A similar number of candidates, (37 per cent) are now earning more than they did last year, with just under half (49 per cent) on the same pay levels, and 12 per cent earning less.
Commenting on these findings, Alexandra Farrell, managing director of The IT Job Board, said: “Clearly IT workers are really having to prove themselves and working longer hours than they did this time last year, but it’s positive to see that pay levels have increased in line with this.”
A massive 95 per cent of those surveyed are looking for full or part-time permanent work. Alexandra Farrell added: “IT pros obviously favour the stability of permanent work, despite the higher pay levels for contractors. I’d argue this is a sign of the times and our current economic climate.”
Other survey findings included:
• More than half (52 per cent) are happy to settle for roles paying between £15,000-£45,000.
• Permanent IT staff (58 per cent of those surveyed) are on a annual average salary of £40,000.
• Contract staff’s average pay equates to upwards of £79.3k per annum – nearly double that of the average permanent full-time worker.
• When we asked IT workers if they would look overseas for work, 54 per cent responded with possibly or definitely. This compares with a figure of 67 per cent in 2011 (3).
Alexandra Farrell added: “It seems there is an increased confidence in the UK IT job market, which is positive to see and offers real opportunities for the sector’s workers. Of course, another possible factor is a lack of confidence in Europe’s economic prospects, which has discouraged candidates from taking the risk of moving overseas.”