IT salaries soar 10pc amid skills shortage

9 Dec 2014

Salaries in Ireland have increased by 2-5pc across the board, with the IT sector seeing the biggest rise, and benefits improving significantly, Brightwater’s Salary Survey suggests.

As we are seeing elsewhere in our Top Tech Jobs 2015, salary spikes are being seen right across the IT industry, with contractors particularly commanding significant fees. But this latest research shows that it’s benefits that are most in demand in the IT sector.

Recruiters across the IT sector have seen a gradual growth in demand for skilled workers in the past two years. “As a consequence there is a growing pressure to attract and retain talent,” said David Bloch, MD of Brightwater.

“We’re witnessing an encouraging increase in senior-level hires across industry and financial services. At this stage, a client does not necessarily have to look beyond their own sector for a specific skill set and it will be an interesting trend to monitor for 2015 as we see the job markets continuing to pick up,” added Bloch.

Benefits, benefits, benefits

Standard benefit types include bonuses of up to 20pc, healthcare, car allowance, parking, professional membership, a whole range of insurances, as well as gym memberships and flexible working hours.

Brightwater’s research finds a welcomed and long overdue expansion in the SME sector, a group that has not engaged as much with the senior job market in recent years. This is a very positive indicator and a great boost in confidence for the domestic market.

“A number of new market entrants in 2012/2013 are now building and scaling up, which reflects the fact that multinationals’ short to medium-term FDI commitments are still very much on the strategic agenda.

“Steady expansion at VP, director and CEO-level hires has been seen across pockets of certain sectors, in particular with some international banks, life and investment firms, high-tech organisations, and pharmaceutical and medical devices (innovation and R&D) organisations.

“As the market is picking up, those standing out from the decisive thought leadership, innovation and implementation of IT strategies that have aided efficiencies, cost and time savings coupled with strong performance records are those that often have more than one offer to consider and see substantial salary increments with their next career move.”

Gordon Hunt
By Gordon Hunt

Gordon Hunt joined Silicon Republic in October 2014 as a journalist. He spends most of his time avoiding conversations about music, appreciating even the least creative pun and rueing the day he panicked when meeting Paul McGrath. His favourite thing on the internet is the ‘Random Article’ link on Wikipedia.

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