Clicks has monitored salaries for IT professionals over the last 10 years with our annual IT Recruitment and Retention Report. Each year we ask respondents for the average % salary increase paid over the past 12 months and what’s expected to be paid over the following 12 months. Not surprisingly there’s usually a small difference between what people expect the increase to be, and what they end up actually paying.
In 2009, the actual increase was less than expected due to the GFC. The following year, with the Government pumping money into the economy and interest rates very low, the opposite occurred.
So, what’s in store for 2013?
Clearly 2012 was a tough year, with the actual average increase coming in at 2.86%. With this mindset present at the time we asked our clients for their 2013 prediction, it came in at 2.08%, the lowest since the series began. However, we have good reason to believe the reality will be higher. Our report shows that hiring demand has turned a corner with fewer respondents planning to reduce headcount in 2013 compared with 2012.
When we look at our internal business health measures (fill rate, order flow, time to fill etc) these too are improving. So… we’re predicting that demand will steadily pick up during the year and with that pressure salaries will build. Nothing spectacular, but the actual average should be about 3%.
Ben Wood, Managing Director