Spotlight on Salaries and STEM Market job insights
Spotlight on Salaries
Continuing our internal tracking of Matchtech placements Cyber remains the field with the largest salary increase of 19% up one percentage point from Q1 data.
The number of Developer roles and wage growth has started to level out after strong growth in 2022. Nevertheless, it’s important to note that salaries are still 18% higher than pre-pandemic levels.
With the growth of AI we are seeing the continued increase in salaries for Data roles. This is especially true of candidates with experience in Machine Learning and AI who are benefiting sharp salary increases due to the wider market adoption of AI technologies.
Average salary increase vs Q1
0
Cyber security 19%
0
Developers 10%
0
Project Managers 10%
0
Cloud 14%
0
Data 15%
UK STEM Market job insights
LinkedIn’s job change data (which includes both company-to-company and internal moves), demonstrates an all-occupation job change run-rate rise to 6.0%.
38% of individuals moved as a result of redundancy while "Other reasons" captures moves due to contract work conclusion which decreased by 20% in Q4 2022 vs Q4 2021. This, combined with the high level of job changes observed throughout 2022, further emphasizes the issue of skills shortages.
0%
38% of individuals moved as a result of redundancy
-0%
"Other reasons" captures moves due to contract work conclusion which decreased by 20% in Q4 2022 vs Q4 2021
0.2%
IT job-change run-rates: 13.2% down from 15.2% in the first half of the year.
The job-to-job change rate was particularly high among IT and engineering workers, but these rates were lower than the previous quarter.
IT job-change run-rates: 13.2% down from 15.2% in the first half of the year.
Interested in seeing more STEM Talent insights register here
LinkedIn’s job change data (which includes both company-to-company and internal moves), demonstrates an all-occupation job change run-rate rise to 6.0%.
38% of individuals moved as a result of redundancy while "Other reasons" captures moves due to contract work conclusion which decreased by 20% in Q4 2022 vs Q4 2021. This, combined with the high level of job changes observed throughout 2022, further emphasizes the issue of skills shortages.
0%
38% of individuals moved as a result of redundancy
-0%
"Other reasons" captures moves due to contract work conclusion which decreased by 20% in Q4 2022 vs Q4 2021
0.2%
IT job-change run-rates: 13.2% down from 15.2% in the first half of the year.