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Will your pay go up this year?

Posted by David Brown, EVP, Veredus, a Hays company on Wednesday, Jul 27, 2016

Hays Blog: Are IT salaries going up?Demand for IT professionals is high, but is that translating into pay increases?

Our latest What Employers Want report breaks down the numbers – and looks at which industries are expecting the biggest increases.

For full-time staff, 53 percent of survey respondents increased salaries in the last three to six months, in line with last report’s prediction that 57 percent would increase pay. In the next three to six months 51 percent intend to increase salaries.

IT and software companies, as well as those in the public sector were most likely to increase full time salaries in the next three to six months.

More than a third of contract IT professionals can expect to see pay rates increase in the next three to six months, with 41 percent of employers saying they would raise rates. In October 2015, 30 percent of IT employers said they would increase contract salaries, but in the latest survey 44 percent say pay rates increased in the last six months. Pharma and medical technology were most likely to be increasing contract rates, with 60 per cent saying that was part of their compensation plan in the next few months.

Employers report they are willing to adjust salaries to attract the right technical skills, especially for full-time staff with security, management, development or cloud infrastructure experience – reflecting those in-demand areas for IT.

For contract workers, security topped the list of skills that could demand a higher rate, although only a third of employers said they would increase contract pay rates.

Learn more: request a copy of the report

Ready to make your next move? See the jobs below, or search for the latest opportunities.
 

Job title Location Job ID
IT Security Consultant Indiana 1063884
Oracle Database Developer Chicago 1063937
Senior IT Compliance Analyst Richmond 1062998
IT Infrastructure Manager Raleigh 1064152
IT Auditor Orlando 1062460
Technology Business Management Atlanta 1063963

Talk to David Brown, EVP, Veredus, a Hays company about the US IT market.

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