Higher IT salaries on the cards as talent battle rages

salary guide

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A whopping 97 per cent of Australian CIOs plan to award salary increases to an average of 21 per cent of their IT staff this year, with the average increase expected to be 8 per cent, well above the national wage price growth of 2 per cent, according to the 2018 Robert Half Salary Guide.

The research also found that 82 per cent of Australian CIOs find it more challenging to source qualified IT professionals compared to five years ago, and that offering a competitive salary to secure top talent is often the most persuasive incentive.

Andrew Morris, director of Robert Half Australia said: “In a market characterised by slow wage growth, companies that fail to regularly review their employees’ compensation risk losing their top performers to the competition – which is particularly true for IT workers as jobs in the IT sector are growing. In this booming market, IT professionals with niche skillsets are finding themselves in high demand and are more likely to gravitate towards higher paying roles. Employers who do not regularly benchmark their employees’ salaries against industry standards will risk having their top performers gravitate towards more competitive pay packages elsewhere.”

The top three IT/technology positions in demand in 2018 in Australia’s IT sector are:

1. Cyber-security Specialist: according to Robert Half, the escalating cost and frequency in cyberattacks is heightening demand for cybersecurity experts, with companies wanting to take a preemptive approach to discovering and tracking security issues.

Salary Range      
Percentiles 25th 50th 75th 95th
National average $100,000 $118,750 $134,000 $155,000

Source: Robert Half Salary Guide

2. Fullstack .Net Developer: IT professionals with a blend of specialist technical skills, creating thinking and business acumen, and comfort with working across both back-end and front-end technologies are also highly sought-after, placing upwards pressure on starting salaries.

Salary Range      
Percentiles 25th 50th 75th 95th
National average $75,250 $83,750 $94,000 $102,500

Source: Robert Half Salary Guide

3. Cloud Engineer: Unsurprisingly, with companies embracing hybrid cloud models, demand for cloud engineers is also now climbing, with salaries to match.

Salary Range      
Percentiles 25th 50th 75th 95th
National average $90,000 $105,000 $120,000 $140,000

Source: Robert Half Salary Guide

To find out up-to-date salaries, download the 2018 Robert Half Salary Guide.

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