Slideshows How MDR can help MSPs plug their security gaps The survey, which drew from pay data from over 400 companies in Australia, also found that over the past two years, the technical skill-sets with the greatest supply and demand imbalance have been in the areas of digital transformation, security, data science, AI and DevOps.
ATTRITION RATE IT INDUSTRY SOFTWARE
While software salaries rose higher than the average, the survey found that the highest fixed pay increases appeared to be in the areas of product, research and development and graduate jobs, with the lowest seen in senior executive jobs, with the latter tied to performance rather than fixed salary increases According to the data, early forecasts for 2020 are slightly tighter at 2.5 per cent, indicating some conservatism given the tightening economic environment. It should be noted, however, that there are wide variations by sub-sector, with software-related salaries higher, at 3.9 per cent. However, the survey found that salaries are on the rise in the industry, with total remuneration increasing, on average, by 2.9 per cent over the past 12 months.
These propositions could include benefits, financial wellness and flexibility is considered. The AIIA suggested that, although using pay to reduce attrition can be a quick fix, a broader focus on employee value propositions can lead to a longer-term reduction in attrition rates. “This issue needs to be addressed if we are to foster a stable and productive industry in Australia.”
“The results indicate healthy salary growth in the technology industry, however the high rates of attrition are certainly an area of concern,” said AIIA CEO Ron Gauci.
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