The demand for tech staff with experience in business and digital transformation, project management and business analysis has grown exponentially in the past year driving up wages across the board in Australia’s East Coast.
The Australian employment market is suffering through slow wage growth but if you’re a top tech worker, you’ll likely get a pay rise this year.
The average advertised salary for IT professionals in Australia is now $104,301, the highest it has been since March, according to tech job specialist, Gooroo.
Senior CIOs and IT directors in Sydney continue to command higher salaries than their counterparts in other states, earning $350,000 per annum with Melbourne its nearest rival at $300,000, according to Peoplebank’s quarterly Salary and Employment Index.
Median CEO pay climbed 9% to $13.9 million last year, but some tech leaders saw their pay slashed.
Almost one in 10 IT workers would be prepared to move to another job that pays less money. This is compared to about one in 20 a year ago, a strong sign that tech staff are increasingly unsatisfied, a national survey has found.
There was a steady slide in IT recruitment in the fourth quarter of this year and the outlook for 2013 is no better, according to recruitment firm Ambition.
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A national survey has revealed large companies in the IT sector show the largest decline in salary movement compared with other sectors including banking, hospitality and construction. The news comes despite 73.6 per cent of large companies across a number of sectors increasing salaries.
Pay rates for project managers have continued to rise and are higher than before the financial crisis, a new salary survey indicates.
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And Australian workers expect an even lower pay rise during the year ahead
The salaries of IT managers are retreating, and most affected by the trend are managers running technology operations at mid-sized companies with less than $500 million in annual revenue, according to a semi-annual study from Janco Associates Inc.