Talent is pleased to release ‘More Than Money Salary Guide 2022’. Please find the report HERE.
The report features salaries and contract rates for key tech positions in 2022, market insights from Talent’s Managing Director team and experienced recruiters, as well as hiring trends and predictions for the 16 cities in which Talent operates across ANZ, EMEA and the US.
The report showcases the most in-demand tech skills for 2022 and provides a range of stats on the local tech talent pool, skills trends, stats on the cost of living across multiple cities, and the benefits beyond salary that candidates are looking for.
Key findings include:
Globally on average, counteroffers for tech roles are up 20-30%
Candidates have 2-3 opportunities on the go
Tech salaries are increasing 15-30% on average globally
The ability to work from home is a non-negotiable for most candidates
Demand remains high for the following skills:
Python (Programming Language)
Amazon Web Services (AWS)
C (Programming Language)
Industries that are thriving include:
Information Technology & Services
Hospital & Health Care
Kara Smith, Talent Managing Director Auckland, reflected on the year the technology recruitment industry has had. “With the NZ borders closed and now with the threat of Omicron potentially delaying them opening, the war for IT & Digital talent has never been greater. There have been significant increases in salaries and hourly rates across the board and we do not predict this ending anytime soon.A more interesting dynamic, however, is that benefits that used to be seen as selling points (greater flexibility, increased annual leave and personal days, L&D investment) are now expectations for candidates. We are also seeing share options, sign on bonuses, full remote working options as well as organisations try to retain a competitive advantage. With market conditions so strong, we are seeing a significant number of permanent employees enter the contracting market to take advantage of the higher rates. It is now entirely acceptable to have a four-week notice period for a contract, sometimes even longer.”
Bianca Jones, Talent Managing Director Wellington, discussed the significant impact that COVID has had on the industry in 2021 and what the industry is experiencing currently. “Despite the uncertainty of the last two years, the tech industry in Wellington has not only held strong but has thrived. COVID has pushed organisations to have a greater focus on implementing large tech projects to enable them to better support their customers and their employees. Permanent salaries have increased anywhere from 5% to 20% and counteroffers are responding at the same levels. It has become common to see multiple offers for our candidates across both the contract and permanent space.”
The technology hiring market is hotter than ever before. As a $5 trillion global industry, it has significant power in both providing opportunity to the workforce as well as rapidly disrupting the international work landscape. With demand for skilled candidates through the roof with tech skill shortages across the globe, competition amongst businesses for top talent is rife. Not only are salaries increasing at unprecedented levels, but our findings showcase that if businesses are to get ahead, they need to offer benefits beyond a pay cheque.
*Figures are based on data provided to Talent from our clients, with additional sources cited.