Almost half of permanent tech workers received bonus in 2015
Average technology salaries across the UK rose by 2% to £46,969 in 2015, according to the annual Job Market Report by Dice. The report found that bonuses and contract rates also increased year-on-year.
The survey of 1,200 tech professionals and 200 tech recruiters reveals that almost three fifths (59%) of tech workers in permanent employment earned higher salaries in 2015 and the number of people earning a six-figure salary has doubled year-on-year. The report also shows that bonuses are becoming more common in the tech industry. Almost half (47%) of permanent tech workers received a bonus in 2015, up from 43% in 2014, and 39% expect their bonus to increase this year.
According to the Dice analysis, a similar picture has been painted for tech contractors. Daily rates climbed 2% to £381 in 2015 and more than half (51%) had a pay rise in 2015, compared to 38% in 2014.
Dice say that expectations for the future are looking positive across the board, as confidence in the sector continues to build. More than three fifths (62%) of permanent tech workers expect a salary increase at their next review – a year-on-year increase of 11%. Similarly, 60% of contract workers expect their pay to increase, an increase of 54% from 2014.
Jamie Bowler, marketing director of Dice in Europe, commented, “Our report shows that permanent salaries and daily rates are steadily increasing, as demand for skilled tech talent continues to rise. All of the signals look positive, the talent shortage looks like it is having an impact on market rates, which reflects the positive outlook represented in latest market report.”