Tech workers get bonuses four times the size of the average payout

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It seems that now is the time to get a job in the tech industry.

Not only are employees in tech-related jobs in highly sought after, they are raking in fatter bonuses too.

The average bonus in the sector has hit £6681, more than four times more than the national average of £1500, according to data from specialist technology recruiter Greythorn.

The sum represents 12% of the average salary, which Greythorn put at £55,675 a year, making the full payout £62,356.

In total, tech professionals shared a bonus pot of £3.25 billion this year, the company said.

While the figures remain relatively modest compared with the likes of banking, where EU rules limit bonuses at twice fixed salaries, they will only head higher, said Michael Moretti, senior manager at Greythorn.

“Given the continued growth of the industry and the finite number of talented candidates available, we fully expect that remuneration will continue to grow as UK tech goes from strength to strength.”

“The sector has performed particularly well in London and the South East, where exciting and revolutionary fields like FinTech have been instrumental in maintaining the capital’s pre-eminence in the global economy, and cementing the UK’s position as a centre of innovation,” he added.

The data also shows that anyone luckily enough to get a raise will typically get another £2784 a year, while anyone switching jobs tends to look for a 15% salary increase.

Source Article from http://www.standard.co.uk/business/tech-workers-get-bonuses-four-times-the-size-of-the-average-payout-a3100386.html

October 27, 2015 |
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