As technology continues to shape the future of industries worldwide, staying informed about trends in tech salaries has never been more important. In light of this, TEC Partners is proud to release our 2024 Tech Salary Guide, offering tech professionals essential insights into the latest salary data, market trends, and hiring strategies.
The tech sector continues to be a dynamic and competitive landscape, with shifts in demand for key skills, increasing specialisations, and changes in remuneration. Our 2024 Tech Salary Guide addresses these developments, empowering professionals to make well-informed career decisions and giving businesses the data they need to attract top talent.
What’s Covered in the 2024 Tech Salary Guide?
The guide delves deep into a wide array of critical topics that tech professionals need to be aware of as they navigate the current job market. Some of the key areas covered include:
Industry Trends:
An overview of the current and emerging trends that are shaping the tech sector, from the rise of AI and automation to the ongoing digital transformation of traditional industries.
Tech Salaries Across the UK:
Get up-to-date data on average tech salaries across various regions in the UK, including breakdowns by seniority and role, helping you benchmark your earning potential or recruitment strategies. From software development to cybersecurity, our guide ensures professionals across all domains have the information they need to understand their market value.
Skills in High Demand:
Learn which tech skills are currently in demand, from data analytics to cloud computing, and discover how acquiring these skills can significantly impact your earning potential.
Key Stats from the Guide for Tech Professionals
Our 2024 guide reveals some interesting statistics about the state of the tech job market. For example:
✔️ 50% of employers are having problems retaining staff in 2024.
✔️ Over the last 12 months, salaries across East Anglia have increased by 4.2%
✔️ 98% of employers forecast salaries to increase for Graduates over the next 12 months.
✔️ Estimated by 2025 there will be 149M new jobs in tech, yet only 1.16M computer science grads in that timespan will be female.
These figures highlight not only the demand for skilled tech professionals but also the growing opportunities for those looking to advance their careers in tech. Understanding these trends will help you negotiate better, whether you're an employee or an employer seeking to attract top talent.
Here’s what our three Director’s have to say about the 2024 recruitment market so far…
“As we navigate through 2024, the UK job market continues to evolve, particularly in the realm of technical hires. Our latest salary survey provides crucial insights into the current market forces shaping the industry.
Technical Hires in Demand:
The demand for skilled professionals in technology remains robust. Key roles such as software developers, data scientists, and cybersecurity experts are seeing significant interest. Companies are increasingly seeking individuals with expertise in AI, machine learning, and cloud computing to drive innovation and maintain competitive advantage.
Market Forces at Play:
Several factors are influencing the job market this year:
Economic Recovery:
As the UK economy rebounds, businesses are investing in digital transformation projects, driving up the need for tech talent.
Remote Work:
The shift towards remote and hybrid working models has expanded the talent pool, allowing companies to tap into a broader range of candidates.
Salary Trends:
Competitive salaries and comprehensive benefits packages are essential to attract and retain top talent. Our survey indicates a steady increase in average salaries across most technical roles, reflecting the high demand and limited supply of skilled professionals.
We hope this survey provides valuable insights to help you make informed decisions in your recruitment strategies. For a detailed breakdown of salary trends and market analysis, please request our full report."
- Chris Beech, Paul Kitley, Leigh Howard
We have a range of salary guides to suit your needs, please email salarysurvey@tecpartners.co.uk for your free copy. We offer a salary guide in tech, gaming, life sciences, engineering and tech start-ups.