TechnologyAccounting SoftwareIT salaries soar

IT salaries soar

Salaries paid to IT consultants and staff continue to soar, according to research from Computer Futures. The salary survey, conducted among 1,931 professionals, recorded a 5.92 percent rise on a quarter to quarter basis. Rises as high as 20 percent were registered in some cases.

Russell Clements, Computer Futures director said: “Manufacturers are still committed to investing in technology to gain competitive advantage despite, or even because of, the current economic climate. The financial services industry has always led the way with technological investments.

Contracting is commonplace and as companies struggle to retain staff on a permanent basis, salaries will continue to rise at staggering rates.”

Salaries will also rise for those with premium technology skills. “Companies need to take a pragmatic view of IT recruitment in order to control salary inflation. Instead of looking for oven-ready candidates, companies should consider cross training staff to teach new skills.”

Related Articles

5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

3w Heather Darnell, Founder of Ask the BOSS
Finance and the tech foundation: what’s needed to deliver impactful business insights?

Accounting Software Finance and the tech foundation: what’s needed to deliver impactful business insights?

3m Workday | Sponsored
Best accounting software for businesses in the UK

Accounting Software Best accounting software for businesses in the UK

3m Accountancy Age, Reporters
Making sense of enterprise tech concepts for finance teams

Accounting Software Making sense of enterprise tech concepts for finance teams

4m Workday | Sponsored
Open Banking: what you need to know

Accounting Software Open Banking: what you need to know

4m Edward Berks, Xero
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

6m Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

10m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

10m Alia Shoaib, Reporter