Discover Trends for Tech Talent and IT Salaries
2024 Tech Talent & Salary Report in Collaboration With LinkedIn
About the Report
Alternative Routes Into Technology Are On the Rise
Routes into technology are changing, presenting greater opportunities for those looking to craft a career in the sector. Today, there are so many ways to begin a career in tech beyond starting with a computer science or other related degree.
Almost 4 in 10 respondents transitioned into tech from an alternative career - presenting a real opportunity for organizations to support greater diversity within the sector while increasing skills pools.
Tech Team Proposition
The changing expectations of tech talent are altering the dimensions of their roles and companies. While many are looking for new opportunities (44%), their reasons have never been more exacting.
While 55% of technologists are looking for IT jobs with better salaries, global data shows that flexibility, healthcare benefits, and workplace culture rank highest on their list of demands from any new employer.
However, organizations are responsible for offering higher salaries for IT jobs along with addressing reasons candidates want to leave as well as employee benefits that make a difference.
Working Life
More than half of technologists (86%) report an increase in workload combined with a lack of people resources, which is perceived as a barrier to achieving their goals.
However, there are many positives with 80% of respondents saying that their organization is supportive of physical and mental employee well-being. It looks like the industry has also reached a happy balance when it comes to hybrid working, with two to three days in the office.
Salaries and Skills
Despite economic headwinds, IT jobs offer good salaries with 45% of tech professionals receiving a pay rise in the last 12 months. However, technologists working in the US were less likely to receive higher salaries for IT jobs (39%) than those working in Europe (49%) or in the UK (45%).
When it comes to skills, exclusive insights from LinkedIn predict that most of the fastest-growing AI skills are not the current top skills, indicating just how much AI will continue to evolve in the coming years.
AI — From Why to How
AI promises huge opportunities for companies and our findings suggest that cultural resistance has significantly reduced, with only 25% still saying it is a barrier to effective automation strategy.
The real challenge facing tech teams is around strategy and securing the resources and budget to implement AI effectively.
Doubts are voiced about this age of automation and its impact on IT jobs and their salaries. With these developments, about 31% of respondents expressed concerns that a major part of their responsibilities would be automated, but 45% feel that there would be little to no change.
DE&I — Merit or Diversity?
The business case for diversity and inclusion has been proven time after time but our research reveals a paradox. Tech workers seem to be largely ambivalent, the majority appearing perfectly satisfied with the current status. Yet our respondent pool suggests that the sector remains far from diverse.
Qualitatively, technologists want to work in a meritocracy rather than focusing on minority quotas, but a meritocracy requires diversity if biases are to be avoided.
Download the report
If you’re a technologist looking to navigate your career in this dynamic sector or a digital or HR leader looking to benchmark your organization, this report is for you.