IT Professionals Australia has released its 2018 ICT Professionals Employment and Remuneration Report that tracks and predicts industry trends in wages, conditions and employment.
Remuneration varied significantly by industry owing primarily to the diverse nature of ICT roles. While ICT is becoming more important in the day-to-day operations of all businesses; the specifics of their work are highly dependent on their industry.
The report recorded a mean annual wage growth of 3.3 per cent, representing a significant outperformance on 2.1 per cent for both against both CPI and WPI to June 2018. This growth brings the median base salary to $95,000 and the median total package figure to $104, 025.
Private-sector respondents reported a median base salary of$93,750 (mean increase of 3.8 per cent over the last 12 months) while public-sector respondents reported a median base salary of $105,000 (mean increase of 2.7 per cent over the same period).
Australia’s ICT workforce continues its long-term pattern of growth, with the number of ICT positions rising to 663,100 in 2017, up from 640,846 in 2016 and 628,000 in 2015. This figure is forecast to growth to 721, 886 professionals by 2022 opening employment opportunities across the industry.
The skills attracting the highest wage growth over the past year were data warehousing followed by SharePoint, e-commerce recording a percentage base salary rise of 5.6, 3.4 and 3.0 (respectively).
Outsourcing raises concerns that businesses lack a locally skilled workforce. Respondents identified Oracle, Java/J2EE, network design and Python as the skills most at risk from offshoring over the next three years.
Discrimination in the workplace continues to persist in the industry both pay and conditions. The survey recorded the average male base salary at $98,927 compared to $86,407 for females, indicating a 12.7 per cent differential.
Quotes attributable to Chris Walton CEO, ICT Professionals Australia (a division of Professionals Australia):
“ICT professionals have become a vital part of the corporate world, and both employment and remuneration in the profession have increased in recognition of the critical role ICT now plays in growth, improved productivity and innovation.”
“Employers will need to ensure they incorporate this wider industry wage growth into their remuneration strategies if they are to successfully compete for the best ICT talent in the year ahead”
“If Australia is to remain competitive in this period of rapid change, we need to continue to build a skilled, adaptable and vibrant local ICT workforce.”
“The remuneration information provided in this report provides a strong basis for ICT professionals and employers to work together to ensure that ICT professionals in their organisations are properly respected, recognised and rewarded.”