According to the survey, commissioned by recruitment firm Robert Half, 7 out of 10 CIOs increased their initial salary offering to secure favoured candidates.
“This supports a broader market trend – with IT sector wage growth sitting 3.3% higher than the national average across all industries,” Robert Half notes.
The survey also reveals that the main considerations for awarding a higher base salary are experience (48%), technical skills (46%) and industry experience (38%), while the top IT positions in demand for 2019 are:
- Full stack developer
- Business analyst
- IT security manager
- Network engineer
- Manual test analyst
Robert Half says the survey findings are reflective of broader wage growth trends within the IT sector as the 2018 annual wage growth in the Australian IT sector was reported to be 3.3% higher than the national average across all industries.
“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,” says Andrew Morris, director of Robert Half Australia.
“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.
“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.”