Salary Secrets: Get in the Know with the 2023 IT Job Market
The IT job market has experienced significant changes in recent years, with many contributing factors having an effect on the rise and fall of salaries. Some key drivers of change over the last few years include the pandemic, shifting economic conditions, shortage of skilled workers and some organisations being forced to scale back their operations.
With so much change, keeping up with the latest data can be challenging, so we’ve done the research for you. This article includes the latest 2023 insights into the Australian IT profession, touching on industry-wide trends and what employees want most and provides a comprehensive salary guide so that you know how much you should be paid
and how much to pay your employees!
As the IT world quickly evolves, there’s been much demand for tech roles in various sectors, and 59% of Australians believe that the job market is favourable. As technology becomes more incorporated into various industries, there is a high demand for IT professionals this year, specifically for software and application programmers. There is a projected increase of 27% in demand and a 39% increase for database and system administrators and ICT security specialists. The market has become more competitive, but the remuneration package remains in the top five factors people consider when choosing a job. Job seekers not only put salary as a priority in their job search, but they also want to have a sense of value and purpose in their role as well as a good work-life balance which would then help in their overall well-being in the workplace.
A third of the Australian workforce would take a pay cut if that meant they could work from home. We believe that this shouldn’t be the case. Some job applicants have put this as a priority and even a non-negotiable item on their list of requirements when seeking a new role. The pandemic has opened opportunities for remote work, specifically for those in the IT industry. There’s been an argument that employees who work from home should be receiving less compared to those who are required to be at an office, but we believe that this shouldn’t be the case. It is vital that you know what you need to be paid and what to pay your employees.
This is where a handy salary guide comes in. A salary guide can be a helpful tool for both employees and employers in navigating changing salary rates, as it is a comprehensive resource that provides up-to-date information on salaries for various job roles. This data can be used to negotiate salaries or determine a fair wage, considering factors such as experience level and qualifications. By being ahead of salary trends and knowing what is important to you or your employees, you can ensure that you remain in the best position to excel. Not only will you attract top talent with competitive remuneration packages, but being informed of current salary trends can reduce the risk of losing your star performers to other companies.
If you work in the world of IT and Digital, we at Firesoft People are here to help. We have come up with a salary guide to keep you up to date with recent trends. With all the changes happening so quickly, this salary guide is a valuable resource that can truly make a difference. Click here to get a copy today!
Other suggested reads for you
Looking for a new role? Register for Job Alerts Here!
FIRESOFT People was born out of the need to deliver a refreshing approach to recruitment and consulting services
Sign up to receive our newsletter
Contact Us
Services
Resources
Contact Us
New Business and General Enquiries:
SYDNEY
MELBOURNE
In the spirit of reconciliation the Firesoft acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
Privacy Policy | © FIRESOFT PEOPLE 2023 | Powered with 🤍 by Shazamme