4 ms·
In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the inc
by CommanderData 4y ago
In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1.
Permanent salaries on the increase that also has a trickle down effect on other related IT roles.
2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered project to your end clients. Maybe layoffs are a strategy in shaking this trend?
There's certainly a recession happening and or on the way but why should markets such as the UK be worried when roles in my company at least go unfilled for 6+ months at a time.
- greatpostman 4y agoCurious what a typical top 10% contracting rate in London is?
- nvarsj 4y agoLondon based contractor here. It's sort of hard to say since rates keep going up. My gut feeling is 700 outside/850 inside would put you in the top 10%.
- CommanderData 4y agoCloud/Security Operations usually hit 600-1k. Higher end of this would be government contractors that need to pass through stringent/strict security clearance ie. UK nationals etc. Even some non-gov contracts want SC sponsorship because end client will usually have sensitive customer data. You can see market trends by looking at reports published on the top 5 UK IT recruitment websites (usually published every 6 months), ITJobServ is a good site too for real time trends.
- cutthegrass2 4y agoI spent 8yrs working as a contractor in London for rates between £600 - £950pd. Architecture roles - which to some companies meant spending time coding (yay) and to other companies spending time on non-coding activities; aligning teams, strategy, planning, managing stakeholders, slide decks etc...
- greenpeas 4y agosorry, I'm not familiar with the terminology: in £600 - £950pd, "pd" means per day? For what duration are these contracts usually agreed upon?
- Mandatum 4y agoUsually all start with 6 months and options to extend. Market is the same in Asia Pacific. I’ve yet to work with a client who couldn’t find something for me to do after, they all want to renew unless they’re axing heads across the board. In which case they get me to work remotely and bill directly to the project, whilst funnelling communications through the project manager or tech lead. That way regular employees don’t see me, and they still get the work done.
- cutthegrass2 4y agoyep, exactly my experience too. Never had an initial 6 month contract turn out to be "just" 6 months. Shortest duration during my stints was 18 months (2 renewals).
- cfcf14 4y agoI've had a few short-term contracts (3 months or less) at £950-1100/day as a staff level data scientist, although those are usually 'exceptional need' situations where the company has their back against a wall for some reason or another. These days it feels like the market is actually cooling down to me, but that could just be because I'm looking in the wrong sectors.
- tinyprojects 4y agoAlso noticing this - very hard to find software engineers in the UK right now. Apparently we have a major skill shortage[1] - which I'm not surprised by, given how little CS/coding was pushed in schools 5-10 years ago. [1]https://www.bbc.co.uk/news/technology-62098767 https://www.bbc.co.uk/news/technology-62098767
- smeagull 4y agoHow is it that Silicon Valley is in America, when we have so many net-savvy tech-heads here. They may have the silicon chip, but we have the silicon chap, and of course, chapesses
- chucksta 4y agoMore people and more money, but also respect the quip if it was just a setup.
- WithinReason 4y agoCould it be about attracting talent from abroad instead? I work in the UK and more than 70% of my team is not from the UK. It used to be even more.
- brosinante 4y agoPreviously Londoner for ~8 years here. I can confirm the six month unfilled position period has been going on for at least a few years now. If anything else, and at least on the high(ish) end of skill and seniority there's an artificial reverse bubble that I can only attribute to the almost pathological and almost allergic insistence of UK employers to have as few well paid employees as possible.
- alibarber 4y agoHmm - I've moved from London to Helsinki. I've been the hiring manager for several (Software Engineer) positions in Finland and it's been quite interesting. The supply of CVs for any position we open there for mid/senior positions is a trickle compared to the UK, and it's not really been like they're all perfectly qualified, there's a lot of 'noise' too. We let go of any geographical constraint, as long as you're willing to work close to our time zone and in a nation that we're legally allowed to do business with, then we'd consider it. In short - if you're an established engineer who's easy to work with and has some initiative, I would not be worried. Salaries/raises might slow down, inflation is here and is going to bite you, but such is life.
- Mandatum 4y agoAll the UK folks I know fled to the EU and work on visas. Germany, France, Norway, Denmark. Remote roles. All the multinationals who moved IT out of UK after Brexit.. UK just can’t compete. EU is bigger, and have more money. This isn’t even the beginning of pain for Brexit.
- deleted 4y ago[deleted]
- alibarber 4y agoNot really sure how Brexit would explain my experiences of having fewer candidates in the EU than post-Brexit London. The EU as a whole surely does have more money, although developer salaries on average are higher in London than many other places in the EU too.