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Stuart Gentle Publisher at Onrec

Comment on New State of UK salaries report

Richard Shea, Managing Director, Search EMEA& UK, Futurestep comments on the findings:

"The latest report revealing that 27% of candidates, who receive offers from UK technology businesses, come from abroad demonstrates once more the contribution foreign talent is making to our economy. It’s very telling that UK companies are prepared to make a relocation offer that on average is 28% higher than that of local workers. This is in stark contrast to other technology hubs such as San Francisco and a clear indicator that the UK technology industry is reliant on foreign workers in order to stay on the forefront of innovation.”

“The news that UK salaries for data scientists and product managers have risen by 5% in the last year is testament to the increased value businesses place on data. Although data growth offers numerous benefits, it also poses a significant challenge when it comes to finding and retaining talent with the right skills. With the widening skills gap in STEM industries, it is crucial for employers to ensure they have the best people on board if they don’t want to risk losing out to their competition.  Whereas higher salaries alone may not enough to get the best people on board, they certainly play an integral part in a candidate’s decision to choose one company over another.”