ECM's Salary and Benefits Report 2019 analyses up-to-date information surveyed directly from client companies and gathered indirectly from recent data covering job seekers, vacancies and placement data. Its findings allow companies to compare salary levels and benefits packages, to ensure they retain key staff and can continue to attract the most highly sought-after candidates.
Amongst the Report’s findings:
The fact of US-based ‘trillion dollar’ companies moving firmly into the Cambridge area is distorting the market for tech professionals. Clients said that, while it’s always a struggle to find the right calibre of staff, the competition has become even higher.
There has been a steady increase in salaries commanded by good software developers at all levels. Typical graduate starting salaries in high-tech companies are above the £30k level for the first time.
Overall, recruitment activity in 2018 was similar to the previous year, despite the economic and political uncertainties. Particular growth areas were Machine Learning, Big Data and Artificial Intelligence – and the award for buzzword of the year went to… Blockchain.
Martin Constantinides, Director, says:
“In general, in the course of our work at ECM, we collect a large amount of data about the salaries and benefits being offered in the local area. We’ve always been happy to provide informal advice to our clients so they can ensure their packages remain competitive.
“Since 2008 we’ve produced a formal, annual Report based on detailed surveys of the salaries and benefits being offered. Clients surveyed range from those with under 10 employees, up to large enterprises.
“Our survey provides a general guide – obviously individual benefits packages vary considerably with a particular company’s situation. We are happy to continue to offer advice to clients old and new on a case-by-case basis.”
Advance copies of the Report have already been sent to participating clients, but it is now available more generally. Please contact ECM for details of the survey.