Wednesday 22 March 2017

Tech Workers Can Earn Almost Twice The Average Wage Of Britons


Employees are paid on average 44 per cent more - over £50,000 a year - according to a new report.

Tech Nation 2017, which questioned 2,700 people working or investing in the tech community, says that for more than half those they surveyed the biggest challenge was finding staff with suitable digital skills.

It claims tech is one of the country's big success stories - worth £97bn and growing at twice the rate of the wider economy.

And it urges school leavers and graduates who want a well-paid job to consider a 'digital' career, citing particularly strong salary growth in northern cities like Newcastle, Leeds and Sheffield, where financial rewards have risen by 25 per cent in just five years.

Tech Nation 2017 is the latest edition of the annual report from Tech City UK- which aims to boost Britain's tech eco-system.

It finds the average advertised salary for digital-tech jobs has now reached £50,663 a year, compared with £35,155 for the average non-digital salary.

Since 2012 there has been a 13 per cent increase in advertised salaries of digital tech posts, compared with only a 4 per cent rise in pay for non-digital jobs.


The report also highlights the UK as the digital capital of Europe, having attracted over £28bn of Tech investment over the last five years.

France came in second at £11bn and Germany £9.3bn.

Secretary of State for Culture, Media and Sport Karen Bradley said: "This Tech Nation report highlights the fantastic performance of the UK's digital sectors which are driving growth across the whole country and creating well-paid and highly skilled jobs at twice the rate of other industries.

"Earlier this month Government published the UK Digital Strategy which will help secure the UK's place as a world-leading digital economy, attracting the best and brightest of global talent and making Britain the best place to start and grow a digital business."

Gerard Grech, the CEO of Tech City UK said: "Tech Nation 2017 shows how rapidly the UK's tech innovation and productivity are gathering momentum.

"There are now significant tech hubs all over the UK, attracting both international investment and overseas talent.

"Tech careers now pay 44 per cent more than the national average wage. These foundations will be crucial as we prepare to leave the EU.

"We need to maintain access to skilled workers while doubling down on home grown tech talent. And we need to think big. This report is all about working together on a common vision: the UK as a global leader in tech."



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