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Thursday, 03 December 2015 13:27

IT security threats drive up demand, salaries for experts

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IT security management is a growing business in Australia and around the world, and fears about data theft and cyber-attacks has driven up demand for IT security experts and, in turn, lifted salaries organisations need to pay to get the benefits of their expertise.

According to a survey by recruitment company Robert Half, nearly four in 10 (38%) of CTOs and CIOs say that IT security will have the greatest impact on the business over the next five years.

And, in order to attract and retain highly skilled IT security talent, almost one third (32%) of CIOs and CTOs surveyed say that professionals specialised in IT security can expect the highest salary increase over the next five years.

The survey reveals that trends in Australia are similar to those across the globe.

According to David Jones, Robert Half Senior Managing Director Asia Pacific, IT security shows where Australia is falling in line with global trends while also highlighting the perceived local opportunities for the future.

When looking at IT specialisms having the biggest impact on the business, cloud technology is significantly higher in Australia than in the other surveyed countries with 37% of Australian CTOs/CIOs believing it will have the greatest impact compared to 26% of the international CIOs/CTOs.

“Clearly IT security is critical to the success of every business around the world. The rising fear of data theft, hacking and fraud compounded by the fact that many staff are now working remotely and on multiple devices means there’s an increasing demand for IT security specialists,” Jones said.

“Across the globe, all IT initiatives require expert IT professionals and in order to wheel them in, companies are increasingly prepared to offer more extensive remuneration packages.

“Highly skilled IT professionals also often receive multiple offers and counteroffers. Companies therefore need to act quickly to make offers to secure top IT talent.”

Technology specialisations expecting the largest salary increase over the next five years:

All Countries

Australia

IT security

32%

26%

Business facing roles

17%

13%

Networking

13%

28%

Web development

12%

13%

Applications development

11%

7%

Software development

6%

3%

System administration

5%

3%

Project management

4%

7%


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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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