How much are your developers worth? [IT recruitment insights]
Whilst most people are quick to blame external factors, such as a talent shortage and competitor businesses being a more attractive option, I can’t help but wonder whether the finger should be pointed in the other direction.
IT recruitment is hard anyway. Hiring great developers is even harder, (and it’s getting trickier by the day). So if it’s that hard, why are so many salaries off the mark?
Ok, so budgets are a little tight and you have pressure from above to deliver with an eye on the bottom line – but employees are the life and soul of your company. If you want their help to take your business to new heights, then you’re going to have to pay the market rate.
For example, IT recruitment has witnessed an increased demand for hard-to-find specialist skills such as Ruby on Rails and Python. As a result, positions that require these skills also require higher salaries compared to traditional Microsoft development languages like C# and ASP.
Particularly with the increase in smartphone apps, tablets and online shopping, more and more companies are looking for programmers who have the skills better suited to the evolving nature of technology.
But to ensure you don’t lose them to your competitors, you really need to consider what you can offer in return for these hard-to-find skill sets.
Supporting this, Matt Harris at Technojobs said:
‘Trying to gauge the right salary for a job advertisement can be extremely difficult. Hiring managers obviously want to minimise their costs, but in many cases they’re at the mercy of the supply and demand for skilled workers in terms of what they need to offer.
‘Talented, highly skilled job seekers can be few and far between for some skills; often hiring managers discover that they need to pay significantly more than they first thought in order to recruit the cream of the crop. It can be a bitter pill to swallow.
‘Generally speaking, the rarer and more niche the skill/technology, the higher salaries are pushed up; in many cases there are simply very few suitable candidates, which gives them the bargaining power and the ability to demand higher wages’.
To help you with your IT recruitment, we’ve put together a free salary checker to help you determine how much you should be paying your savvy developers.
Get your copy to find out the going rate for your role, dependent on the skills you require.