Beating the salary bubble
For full salary benchmarking, please contact us with your request.
Average increase in salary being achieved by STEM candidates when moving to a new company.
Salaries for new hires continue to rise at higher rates than those being offered to existing employees.
0%
84% achieved an uplift on current salary averaging 11.67%
0%
51% achieved more than 10% uplift. Of those, the average was 14.92%
0%
12% agreed a salary reduction and 4% moved for the same salary
How much can you negotiate on salary expectations at offer stage?
Many companies are still seeking to negotiate at offer stage and are losing talent. It's important to consider that many candidates will have multiple offers and some companies are even offering more than expectation to help secure new employees.
Contractor rates:
For full rate benchmarking, please contact us with your request.
Much like salaries, contractor rates are continuing to rise at unprecedented levels as companies battle to secure contractors to deliver critical projects.
Contractor rates are very bespoke depending on skillset, location, IR35 status and seasonal demand.
For the most in demand skills, we have seen an increase of over 11% in the last 9 months. This is driven by contractors securing new roles at higher rates and increases being agreed on current assignments.
Whilst costs are a key factor for every company, those who under-offer are placing significant risk on a positive outcome and the feeling of value for even those candidates who do accept may have longer term ramifications on their retention.
Source: Matchtech analysis of offer data
IR35 Impacts still costing £££
IR35 status continues to be a significant factor impacting a hike in rates. For skills where there is opportunity for Inside IR35 and Outside IR35 contracts in the market, it is normal for Inside IR35 rates to be 20-25% higher than the same Outside IR35 roles.
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81% acceptance rate When companies offer on, or above salary expectation
0%
19% acceptance rate When companies offer below candidate salary expectations
This means those companies who have invested in compliant, well-governed Outside IR35 contractor working practises are enjoying being a more attractive proposition to contractors and saving circa 20-25% costs v’s companies offering Inside IR35 contracts.
0%
84% achieved an uplift on current salary averaging 11.67%
0%
51% achieved more than 10% uplift. Of those, the average was 14.92%
0%
12% agreed a salary reduction and 4% moved for the same salary
For full salary benchmarking, please contact us with your request.
Salaries for new hires continue to rise at higher rates than those being offered to existing employees.
Average increase in salary being achieved by STEM candidates when moving to a new company.
Whilst costs are a key factor for every company, those who under-offer are placing significant risk on a positive outcome and the feeling of value for even those candidates who do accept may have longer term ramifications on their retention.
Source: Matchtech analysis of offer data
0%
81% acceptance rate. When companies offer on, or above salary expectation
0%
21% acceptance rate When companies offer below candidate salary expectations