Australian businesses are paying more to attract key IT talent. For seven out of every 10 new hires, IT employers have had to increase the salary amount originally offered to secure their favoured candidate, according to a new study.
The results come from the 2019 Robert Half Salary Guide which surveyed 160 Australian CIOs.
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The Robert Half Salary Guide provides an overview of industry salaries in Australia for finance, accounting, financial services, technology and administrative professionals.
From the survey, 59 per cent of IT jobseekers said salary is the most important factor when accepting a job or looking for a new position.
Compared to five years ago 88 per cent of CIOs said it is harder to attract qualified IT professionals to their organisation.
Andrew Morris, director of Robert Half Australia said, “The global technology race is in full swing, with many businesses adopting innovative technologies, such as blockchain, AI, machine learning, natural language processing and augmented reality, to differentiate themselves from the competition.
“Consequently, demand is rapidly rising for high-calibre tech candidates in an increasingly competitive talent market, which means more skilled IT jobseekers are able to negotiate higher salaries as companies endeavour to secure their preferred candidate.”
The top five IT roles in demand are full stack developer, business analyst, IT security manager, network engineer and manual test analyst.
The top three considerations from CIOs that could earn IT jobseekers a higher base salary are: experience (48 per cent), technical skills (46 per cent) and industry experience (38 per cent).
Morris said, “While offering higher salaries is important in a competitive environment, non-financial incentives are also an effective way to appeal to highly sought-after workers in the marketplace.
“Specifically, as the future working environment continues to become more agile thanks to technology and changing attitudes, increased flexibility around working hours and location is also a highly attractive benefit for today’s workforce.”