Companies and staffing firms in the United Kingdom (UK) are still on a hiring spree for computer coders and software developers. The competition for skilled staff remains intense as there is still a noticeable lack of talent.
Tech recruitment platform CodinGame said it is still a jobseeker’s market — at least for software experts — with employers offering a range of generous perks and benefits to attract the best candidates.
One of the perks offered to attract capable talent is a high salary.
According to tech job marketplace hackajob, starting pay for software engineers is 64% above the national average – ranging from £25,000 ($29,200) to £137,000 ($160,45).
Meanwhile, recent findings from tech analyst Forrester found that despite inflation hitting a 40-year high and expected recessions, growth in enterprise software spending will continue to rise steadily by 12%.
It said that the battle for the best people also meant 46% of candidates turned down offers because they had already accepted other roles.
Additionally, experts expect to see UK technology salaries continue to rise in 2023 as demand keeps outstripping supply.
The picture looks a little different globally. According to RBC Capital Markets, there had been 23 consecutive weeks of declines in developer job openings worldwide.
Amazon CEO Andy Jassy said last week that the tech giant would likely slow the rate at which it’s hiring staff, while Snapchat CEO Evan Spiegel wrote a note announcing that they would lay off one in five employees.
Tech giants Google and Microsoft also appear to have instituted slowdowns in hiring as the threat of recession looms, with Redmond apparently closing unfilled job openings in cloud and security.