The last 12 months were dominated by mass layoffs, economic uncertainty, rising living costs, and the surge of artificial intelligence (AI) tools. While the UK was less impacted by tech layoffs than the US, it was still a concern to both hiring managers and jobseekers.
This year felt turbulent, challenging, and full of change. Tech recruitment in 2023 changed dramatically compared to 2022, and the UK market feels especially different to its US and Canadian counterparts.
Despite this, the UK tech job industry remained strong and it continues to create its own trends. This is especially notable when you compare the trend for higher salaries for local roles compared to remote ones, and an overall increase in salaries where they’ve dropped in other locations.
It feels as though UK tech recruitment in 2023 and beyond is more focused, with a drive to fill roles faster — with the right talent ready and waiting in not just London but cities like Leeds, Belfast, and Brighton.
With UK candidates steadily increasing their expected salaries, and demand high in key hubs like London, what does this mean for tech companies in 2024? It’s likely to require a renewed focus on competitive salaries, in-demand benefits, and a more engaging approach to recruitment.
Insights for UK tech recruiting pros
In the 2023 State of Tech Salaries Report, Hired brings you a wide and in-depth look at today’s hiring environment. The report features our extensive proprietary research from not just the UK but the US and Canada too, giving you a micro and macro look at the state of tech salaries today.
The next 12 months present exciting opportunities for companies that are willing to rethink their strategies and enhance their recruitment models to attract and retain the best tech talent. With competition high and salaries on the rise, it’s time to make sure that your hiring and employee experience is the best it can be. We’re here to help you find the best talent in a more transparent way, cutting out bias and getting straight to the goal — hiring talented people for your team.
In this eBook we’ll cover:
- UK jobseekers’ salary expectations
- How salaries differ by UK city, based on cost of living adjustments
- Salary trends based on company size
- Next steps to improve the hiring process in 2024
Source: Employer - hired.com