Senior IT professionals based in New South Wales will be the beneficiaries of strong demand for top specialist talent this year, according to the latest annual salary survey from Robert Walters.
The research has shown those working in the Australian technology, infrastructure and corporate governance sectors are most likely to enjoy double digit wage growth in 2017.
“Overall, the recruitment market across Australia was more buoyant than expected in 2016, particularly in the areas of technology, corporate and infrastructure which should continue throughout 2017,” said James Nicholson, managing director ANZ, Robert Walters.
“Technology advances to enable and fast track productivity gains, regulatory pressures within the financial services sector together with the $50 billion worth of investment committed by Australia’s national and state governments are the main drivers for salary growth,” he said.
According to the research, digital transformation has continued to drive the IT market, with professionals with niche and emerging skill sets such as big data, DevOps, cybersecurity and cloud collaboration commanding higher rates of pay during 2016. The scarcity of these skills could this year result in companies needing to pay higher salaries, provide flexible work arrangements and defined career pathways to attract and retain these specialists.
There was also a noticeable shift towards contracting last year, with IT professionals prioritising project work above the stability of permanent roles, and this is expected to continue in 2017, according to Robert Walters.
As many would be aware, at the state level, the IT market in Western Australian continued to be challenging due to the decline in the resources sector and a corresponding halt on many large-scale projects, with contract rates and salaries also falling as a result, and this is expected to continue in 2017.
At a more general level, 69 per cent of those surveyed believe they will receive a salary increase this year, while 49 per cent think they will get a bonus.
And changing roles is on the cards for more than half of Australian workers – with salary not the main drawcard.
“56 per cent of Australian professionals will be looking to move jobs this year. Of those only 28 per cent will change jobs for a better salary. Career progression, flexible working conditions and cultural fit will be the major non-financial reasons jobseekers will be looking to move jobs in 2017,” said Nicholson.