The average salaries in the technology sector in the UK grew by 2.8% in 2020, compared to a UK average of 2.32%, says recruiter Reed. It was the fifth highest performing sector for salary increases, behind sales (6.4% growth).
From analysis of over 6.5 million jobs posted to reed.co.uk over the last 3 years, the Reed Technology Salary Guide 2021 found that Covid-19 had not had a negative impact on overall salary levels within the sector. The rise is well above the UK national increase of 2.32% and in the face of slow inflation. The average salary in the sector is now £57,695, compared to the UK average of £36,717
Best performing roles for salary increases in 2020 were software test engineer (9.3%), cyber security engineer (8.7%) and business intelligence developer (8.2%).
Chris Adcock, Managing Director of Reed Technology, said: “The demand for remote working within the industry has been heightened by the pandemic, and due to the nature of the technology they are using, most candidates are able to do their work from anywhere, at any time. This increase in demand has seen salaries in the sector grow as a result.
“The year ahead will bring its own challenges, such as transitioning back to the office environment and, as ever, retaining staff in such a competitive, fast-paced sector. But, tech professionals have played, and will continue to play, an integral part in the economic recovery throughout 2021.”
Across the UK, the sectors that saw the highest growth in average salary levels were sales (6.4%) and procurement and supply chain (4.5%). The accountancy and finance sector was the only one to show a decrease in average salary (-0.1%).
Adcock continued: “Although overall average salaries in the sector have increased, there are variations by region, position and job level."
