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Tech workers know their worth as they demand higher salaries

Younger workers are better at negotiating on salary.

By CBR Staff Writer

New research has revealed that amid skills shortage, the new generation of technology professionals entering the workforce are demanding more pay by recognising the value they can bring to organisations.

The proportion of tech workers placing top importance on salary has reached 22% in 2015, when compared to 18% in 2012.

According to the research, the average size of the tech workforce has expanded quickly, with 71,000 more employees working in tech specialist roles in 2014 compared to in 2013.

There were 1,278,000 tech workers in the UK in 2014, of which 49% employed in the technology sector itself and the rest 51% had technology roles in other industries.

Randstad Technologies surveyed 10,728 UK workers and found that younger workers are better at negotiating on salary.

One in three (31%) 18 to 24 year olds said that low pay was one of the factors behind their decision to look for a new job, compared to 29% of overall respondents.

Randstad Technologies managing director Ruth Jacobs said: "The technology sector is rocketing into the stratosphere.

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"More start-ups are popping up throughout the country, and companies of all sizes are realising the importance of cyber security roles and big data analytics and hiring specialists in these fields.

"But this in turn has changed the tone of the jobs market – tech workers are now much more in demand and can command higher salaries than ever before.

"Employers have stepped up their game to attract talent by offering attractive salary packages, but they are being slower to recognise and reward the broader skill-sets that their established workers have built up through years of hard slog following the recession."

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