October 2020 IT Recruitment Salary Guide
We’ve compiled the very latest London IT Salary & Contract Rates from September’s recruiting data to give you valuable insights to help retain and attract in-demand IT talent.
The summer saw some crazy spikes, up and down, due to data averages coming from fewer vacancies. This meant a period of volatility, extreme swings, and unpredictability. However, September saw a large and welcome increase in IT recruitment activity and consequently a degree of data stability.
Its clear that companies are investing in strategy and analytics to identify and action opportunities for growth, cost-saving, and innovation with significant increases in demand for Analysts and senior-level strategic leaders. As such, salaries and contract rates are rising as they compete for available talent.
Since July we have seen sizable increases, such as:
- Up 28% – CIO
- Up 17% – IT Director
- Up 23% – IT Manager
- Up 19% – Business Analyst
Despite facing another period of nationwide uncertainty, many companies have already planned for a strange winter, embraced remote working, and, in most cases, have already made IT investment decisions that will endure long after the current crisis is over. Unlike March’s panic-driven slowdown, we expect many businesses to continue to grow and hire where appropriate
Management – Permanent & Contract
Permanent Salary |
% Rate Change |
Contract Rate |
% Rate Change |
|
Chief Technology Officer (CTO) |
£102,500 |
3% |
£826 |
-51% |
Chief Information Officer (CIO) |
£107,850 |
-20% |
£1,050 |
0% |
IT Director |
£117,500 |
5% |
£708 |
0% |
Head of IT |
£78,500 |
1% |
£767 |
0% |
IT Manager |
£67,500 |
0% |
£590 |
-2% |
Infrastructure Manager |
£60,000 |
-7% |
£530 |
2% |
DevOps Manager |
£65,000 |
-10% |
£740 |
0% |
Senior Network Manager |
£83,750 |
5% |
£650 |
0% |
Security Manager |
£75,000 |
-3% |
£649 |
2% |
Senior Service Delivery Manager |
£62,500 |
0% |
£531 |
0% |
Service Desk Manager |
£42,500 |
6% |
£413 |
-11% |
Database Manager |
£50,000 |
0% |
£708 |
0% |
Development Manager |
£105,000 |
7% |
£826 |
0% |
E-Commerce Manager |
£60,000 |
7% |
£531 |
0% |
Systems Manager |
£66,000 |
5% |
£531 |
0% |
Team – Permanent & Contracts
Permanent Salary |
% Rate Change |
Contract Rate |
% Rate Change |
|
1st Line Support |
£30,000 |
5% |
£165 |
-13% |
2nd Line Support |
£35,000 |
0% |
£240 |
-4% |
3rd Line Support |
£46,500 |
0% |
£345 |
-1% |
Mac Engineer |
£39,250 |
0% |
£300 |
20% |
Applications Support |
£60,000 |
9% |
£613 |
4% |
Business Analyst |
£62,500 |
2% |
£590 |
-2% |
Systems Analyst |
£45,000 |
-14% |
£560 |
-5% |
Database Administrator |
£55,000 |
-12% |
£564 |
-4% |
.NET Development Team Leader |
£80,000 |
0% |
£408 |
0% |
Service Desk Team Leader |
£47,500 |
0% |
£300 |
0% |
Network Engineer |
£66,250 |
2% |
£443 |
-11% |
Infrastructure Engineer |
£60,000 |
0% |
£493 |
5% |
Systems Architect |
£80,000 |
0% |
£708 |
0% |
Project Manager |
£60,000 |
-4% |
£575 |
-3% |
Linux Administrator |
£50,000 |
0% |
£472 |
0% |
Software Architect |
£85,000 |
4% |
£737 |
-24% |
Snr Systems Administrator |
£57,500 |
-26% |
£470 |
6% |
Snr Cisco Network Engineer |
£75,000 |
0% |
£431 |
-2% |
Network Security Engineer |
£72,500 |
2% |
£560 |
0% |
If your company is thinking of hiring, do it now. As demand rises, so too with the rates of pay and the difficulty levels of attracting and securing the right talent.
If, however, your company is slowing down – beware! If your IT staff start to feel insecure, talent competitors and recruiters will find it very easy to persuade your staff to interview elsewhere. Despite the stress and negativity that may exist, take the time to focus on reassuring your team and, where appropriate, reward their loyalty. It’s a false economy to avoid salary increases for your best people. Doing so risks leave yourself vulnerable to losing key staff and the larger costs in both time and money of replacing them.
Should you be considering recruitment or simply would like some advice on anything recruitment related, please do not hesitate to give us a call and see how we can really help you to Recruit Someone Worth Recruiting.