UK tech workers pocket £3.25bn bonus pot in 2015
Research from tech recruiter Greythorn finds IT workers' bonuses over four times the national average
UK tech professionals are pocketing bonuses over four times bigger than the average worker, and shared a collective bonus pot of £3.25bn in 2015, according to research from tech recruiter Greythorn.
The report found that today the average IT professional took home a bonus of £6,681, or 12 per cent of their average salary. This compared to the averageof £1,500 for all UK workers.
The research also found that basic IT salaries were up five per cent year on year in 2015, at £55,675. Combined with average bonuses, this means the total IT average earnings package stands at £62,356.
IT workers in the business services sector are taking home the highest average salary, at £72,867, while education is the lowest vertical for tech workers, with an average salary of £48,214, according to the research.
Michael Moretti, senior manager at Greythorn, said these figures demonstrate the value of IT workers today.
"The tech sector has been an engine room behind the recent British economic success story, and the highly qualified and technically proficient workers in the sector are extremely deserving of strong bonus packages," Moretti said.
"Given the continued growth of the industry and the finite number of talented candidates available, we fully expect that remuneration will continue to grow as UK tech goes from strength to strength."
The research from Greythorn found that along with this growth in pay, demand for IT workers is also on the up. It claims 50,000 jobs were created between 2013 and 2014, out of which 29,000 were in London.
Moretti added that London has been a particular growth spot for the IT industry of late.
"The sector has performed particularly well in London and the south east, where exciting and revolutionary fields like FinTech have been instrumental in maintaining the capital's pre-eminence in the global economy, and cementing the UK's position as a centre of innovation," he said.