The Covid pandemic may have decimated the economy and rocked virtually every industry sector – from marketing and retail to travel and hospitality – but data and analytics professionals are increasingly bullish about their job prospects, with nearly nine out of ten feeling secure in their roles.
So says the latest - and tenth – edition of the UK salary guide from recruitment specialist Harnham which reveals that despite the fragile market, those toiling away in the data industry are ultra-confident of a bright future.
Across the seven core specialisms of data and analytics which Harnham services – advanced analytics, computer vision, data and technology, data science, digital analytics, life science analytics and contract – the report looks at how the industry has changed as it emerges from the 18-month long pandemic.
It includes input from more than 4,600 global professionals and a deep dive into worldwide job views to convey a clear understanding of the market.
The standout finding is that 88% of workers in the industry feel secure or even more secure in their roles compared to this time last year, a rise from 80% in the previous survey.
There is also increasing stability in the market, and candidates will only move for the right role. Even so, nearly seven in ten (68%) of professionals would leave their role if the right opportunity came up with a 20% pay rise, although this is down from 74% last year.
Meanwhile, a quarter (26%) of data and analytics professionals have agreed a post-pandemic remote working plan with their manager; 42% have yet to get an agreement but believe their expectations will be met. This approach to flexible working, however, was not due to Covid-19, this upward trend was happening pre-pandemic.
When it comes to diversity, the gender gap in the industry is taking a long time to close with women now making up 28% of the industry; down from 30% last year. In fact, it has only increased by 5 percentage points since the survey began in 2013, suggesting there is till plenty more work to be done.
Harnham chief executive David Farmer said: “While the past few years may have been heavily influenced by global politics, our results this year were understandably impacted by another major global event; the Covid-19 pandemic.
“No industry is immune from the effects brought about by this global health issue, however recognising that the data and analytics space is responding well is promising for the future.
“It’s incredibly encouraging to see that the industry is continuing to prosper despite the unprecedented nature of the given situation. Employees feel positive about job security and flexible working has been enthusiastically implemented across many companies.
“While we recognise that the industry still has a way to go before we perfect the gender and diversity balance, it is encouraging to see the number of women in the data sphere slowly increasing at the years go by, and we as an industry are committed to keeping this upward trend.”
Data, digital, and tech chiefs see salaries soar by 55%
Junior data roles paying more than doctors and dentists
Firms fight it out as stampede for digital talent begins
Marketers are chasing fewer jobs but signs of recovery
Brits eye careers in digital and data as job cuts loom
Covid piles pressure on ‘maxed out’ data professionals
Data professionals confident of avoiding Covid jobs cull