As more businesses look to transform and protect themselves from cyber-threats, demand for skilled technology talent continues to rise. Employers are growing increasingly concerned about attracting and retaining technology professionals in a highly competitive landscape.
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Hiring trends in technology
of CIOs plan to hire permanent tech employees in 2023 despite talk of recessionof CIOs plan to hire tech contractors in 2023 despite talk of recessionof CIOs say the competition for qualified tech talent has increased compared to 2022
of CIOs say not being able to meet candidates’ salary expectations is their single biggest staffing challenge in 2023
of CIOs say they need, but are currently missing cyber-security and data privacy skills in their workforce
Digital transformation is a top strategic priority in 2023
Business intelligence transformations have become essential due to the growing importance of AI and process mining.Businesses are prioritising their digital business strategy to align with the market and reach customers in an automated way.Digital projects bring challenges including security concerns, lack of IT skills, and budget constraints.Demand is high for business transformation experience, strong data analytics skills, as well as change management and cloud computing skills.
improve data usage through advanced data analyticsmodernise processestransform business models improve customer experience with digital toolsimplement artificial intelligence
Tech salaries reach an all-time high
Companies are still emphasising salary during the interview process to secure talent, especially for DevOps and cyber-security roles.With many employers already paying up to 30% above the market rate, candidates are occasionally asking for unrealistic salaries.With salaries at an all-time high, companies are unlikely to further increase salaries but will instead turn to other incentives including tenure-based or sign-on and completion bonuses.
of CIOs plan to further increase bonuses in 2023of CIOs have had at least one tech candidate ask for an unrealistic salaryis the average increase on top of the initial salary offer requested by tech candidates
What employers are looking for in tech talent
“Companies need the right IT skills to keep pace with digital transformation and the expectations of their markets. IT security professionals, developers, and experts in the cloud are highly sought after to drive growth, improve the customer experience, and boost security in an increasingly digitised landscape. With so many businesses using salaries to compete for in-demand skills, CTOs and CIOs will face increasing pressure to think more creatively about how they can attract and retain talent from the competition, aside from relying on financial remuneration alone.” – David Jones, Senior Managing Director, Asia Pacific
Data referenced in this Salary Guide is based on an online survey developed by Robert Half and conducted by an independent research firm in November 2022, surveying 300 hiring managers from companies across Australia.
