Tech salaries are up 6%

Tech salaries are up 6%

Salaries for jobs in the tech sector rose 6% last year, driven by strong demand for people with digital skills and considerable job growth.

“Demand for tech professionals is growing at an extraordinary pace as new technologies rapidly bring new jobs and new levels of innovation to NZ businesses. Competition to attract skilled workers is fierce, with firms often willing to pay a premium to fill positions,” says Nathan Bryant-Taukiri, Managing Director of Potentia, the Auckland-based specialist recruitment business focusing on digital and technology jobs.

The latest Potentia data revealed the average full time salary for jobs in the tech sector now stands at $110,355.

Delivery Services Managers currently top the list of highest paying jobs in the technology sector, with an average salary of $178,590, followed by Chief Information Security Officers ($164,000), Consulting Services Manager ($158,280) and Data Science Managers ($152,300). Programme Managers round out the list of Top 5 highest paying tech jobs, with an average annual salary of $151,720


Top 5 highest paying tech jobs in NZ

  1.        Delivery Services Manager $178,590
  2.        Chief Information Security Officer $164,000
  3.        Consulting Services Manager $158,280
  4.        Data Science Manager $152,300
  5.        Programme Manager $151,720

Source: Potentia Salary Report 2016-17.

“The increasing digitisation of many industries is creating huge opportunities for delivery management skills,” comments Bryant-Taukiri. “Enterprises must make sure that work programmes are successful, often amongst fluid and volatile environments. Individuals who can operate optimally in this state and deliver value are in demand and worth the premium required.”

Salaries for experienced security professionals have also skyrocketed over the last 12 months, particularly in the wake of a number of high profile attacks – such as the Panama Papers – which has exposed the risk to organisations of not sufficiently protecting sensitive information.

“We also saw rapid growth in salaries for professionals with strong data and analytics skills over the last year as businesses increasingly look to leverage data to gain a commercial edge. Employers’ demand for data scientists currently exceeds supply and is driving strong growth in pay packets,” explains Bryant-Taukiri.

‘Statistical analysis and data mining’ consistently dominate LinkedIn’s annual Top Skills list, taking out the #2 spot in 2016 and 2015, and the #1 position in 2014.

“It is important that professionals across the ever-evolving digital tech industry keep their technical skills current - it may lead to a bump in pay, greater job security and increased potential for promotion. Now is also a great time for people who are thinking about a career in tech to acquire new skills and tap into the range and variety of jobs on offer,” says Bryant-Taukiri.

The Auckland tech market is booming, with job listings rising 27.2% year-on-year according to the latest Trade Me data. Currently almost 100,000 people are employed in the NZ tech sector and this number is set to rise. Healthy economic growth, low unemployment and strong jobs growth means there is a shortage of people with digital skills.

“Employers are competing fiercely for staff,” comments Bryant-Taukiri. “In addition to offering top salaries, firms are introducing a variety of different strategies to motivate and retain staff, for example, training and development programs, flexible hours and additional annual leave.”

Last year saw the fastest pace of change the tech sector has experienced to date. But this is only just the beginning, believes Bryant-Taukiri: “Technology is changing at a rapid pace and the increased productivity they bring is quickly forcing yesterday’s new technologies into obsolescence, meaningfully altering the IDT job landscape. We expect to see strong demand for people with cybersecurity, cloud and data and analytics skills in 2017 and tech salaries to continue to grow.”