Salaries for data professionals have risen 7.5% in the past year, according to a new study, which shows an average wage of over £46,000 in 2011, up from £42,800 in 2010.
The survey, by recruitment firm Greythorn, of 580 data and technology professionals also showed over half (56%) were paid an average bonus of 19% in 2011, accounting for a pay-out of over £9.4bn across the data industry.
“Many companies have had to increase headcount in their data departments as the recovery continues,” said Paul Winchester, managing director of Greythorn. “Technology services were among the hardest hit during the recession but companies are now realising that unless these departments are properly staffed, they face expensive efficiency deficits, which hold back growth.”
Winchester suggested that salary increases reflect the need to pay out for experienced and talented staff, rather than simply paying employees more as a result of longer working hours.
The research revealed average working hours only increased 0.3% to 36.9 hours per week over the 12-month period.
The survey also found 33% of employees believe their organisation will reduce headcount in the next 12 months with 41% expecting staff numbers to increase.
“Professionals worried about their prospects in the coming year should remember that the market for talented people is booming. If you aren’t feeling confident about the future of your current role, it might pay big dividends to consider your options elsewhere,” said Winchester.
