Digital Tech Salaries and Job Vacancy Growth.

Although there is little data available specifically for salaries in the digital tech space there is plenty or regular research published on IT professional salaries. There appears to be significant difference depending on geographic region and between different disciplines. What are the emerging roles that are seeing significant demand and salary hikes in 2021? 

According to research by Statista released in January this year the average annual base salary for IT professions in the United States was $115k, this compares to $67k in EMEA and $63k in Asia Pacific. In other research conducted by LinkedIn the top in-demand skills for 2021 in the United States will include web development; video editing; SEO; design thinking; UX testing; statistical modelling and data visualization; Amazon Web Services; and Python. There is obviously a growth bias towards the digital tech sector as the world moves online, accelerated somewhat by the coronavirus pandemic and LinkedIn has reported the following job role growth and salary data. 

  • Hiring growth for Specialist Engineers working in software and customer engineering roles has risen by 25% since 2019 with average salaries hitting $90k. 
  • For UX and UI roles the job growth rate has been 20% in the last year with average salaries hitting $92k. 
  • The largest rise in job vacancy growth has been with Data Scientist roles up 46% in 2020 and average salaries at $115k. 
  • By far the highest average salaries are for Artificial Intelligence Engineers at $137k and a growth rate of 32% since 2019.

All these high growth job vacancies are also the most demanding to fill, sometimes remaining vacant for more than six months. Part of the challenge for hiring managers is keeping up with competitive salaries. Offering a salary below market rates will certainly make any open roles difficult to fill. An additional factor affecting employers with open digital tech roles is the rising cost of the recruitment and selection process. Going through a recruitment agency can be costly with no guarantee that the role will be filled by a suitable talent within a reasonable timeframe. With many agencies charging fees of up to 25% of the annual salary the recruitment costs can soon rise. Hiring managers looking to fill open digital tech roles should start exploring more cost-effective solutions to solve their recruitment challenges and using an Artificial Intelligence hiring platform could be the answer.  

One such company who are game changing the face of recruitment by providing a robust process to ensure more efficient recruitment using any channel is Hire Digital, a start-up recruitment company with a global presence that has invested heavily in Artificial Intelligence (AI) to manage the digital tech recruitment process. Their talent management software platform gives digital talent recruiters a strict criterion for posting job adverts and descriptions and their AI works in such a way that it generates a much smaller more targeted candidate list by using up to 40,000 attributes. They key to this is efficiency, recruiters spend less time generating job advertisements and trawling through hundreds of CV’s to get their shortlist, Hire Digital tech can rapidly access up to 1bn talent globally.  

Hire Digital is an AI technology with a human touch that is completely revolutionising the recruitment and selection process. It’s two times faster, 50 % cheaper and ten times more accurate than traditional hiring tech. To find out more speak to Robin Brohl at Hire Digital he is a real person and would love to engage with you and help you streamline your recruitment processes. 

Date courtesy of Statista and LinkedIn