Technology Industry Update Q2 2015

Technology Industry Update Q2 2015

The Technology industry has been a consistent performer during the economic downturn and as we see the upside a continued growth is predicted for 2015 in the technology industry – despite a slight adjustment to the Q2 forecast due to the falling oil prices.

Fortunately with the economy showing greater signs of prosperity and continued progress with cloud computing there is no surprise the technology industry in 2015 is expected to be the most buoyant it has been for several years.

Trends

With a greater awareness and necessity for technology functions among businesses, spending within the sector has increased, along with general technology salaries rising as well.

IT leaders have been given the duties of enabling growth using technology, which is proving to be a challenging task in the dynamic and ever changing technology environment.

However, the biggest threat affecting business growth in the technology industry, according to a survey by PwC, is the availability of skills and rising cost of labour (as well as the speed of technological change.)

Knowledge of cloud computing has become an essential tool in a professionals repertoire as the storage of information is all transferring to cloud as we find ourselves firmly embedded in the big data phenomenon.

Hiring Outlook

The protection of intellectual property from cyber threats has been a key highlight professionals are addressing in Q2 and beyond. It has created space and demand for positions not previously prevalent in the office as information protection become a priority.

This is only one of the many reasons for a positive hiring outlook as many companies find themselves understaffed and money available form the upward trending economy.

Additionally, niche experts are receiving numerous offers and businesses are likely to increase the salaries of current employees as they try to retain their top talent from the poaching competition.

Positions in Demand

The demand for cloud computing among businesses continues to rise in creating job opportunities for infrastructure professionals with 3+ years experience behind them. Coupled with the increase in demand for cloud computing software and professionals comes with the needs to protect such information, promoting a higher demand for cyber security professionals.

Continual improvements to many sectors digital activity, such as online banking, have increased demand for web developers, and project managers across the region. There is also a high demand for project managers, IT Security Professionals and ERP specialists.

At the time of publication, there were 20 project manager jobs in the gulf as well as 83 senior management positions in IT.

Salary

The c-suite positions are likely to see a marginal increase this year with an average Chief information Officer’s salary to increase by 1.8%, Chief Technology Officer’s by 1.4% and Chief Security Officer by 1.3%.

The largest projected salary increases come from the Senior Project Manager and Business Systems Manager positions, expected to see an average 4.7% and 4.3% salary increase respectively in 2015. This represents not only the largest increase within the technology sector but across many of the industries as a whole.

A Chief Technology Officer is likely to see a salary between $284,00-$375,000 USD in 2015 with project managers likely to receive a salary in the range of $130,000-$195,000 USD. (All figures from the Robert Half ME Survey 2015).

 


Search for jobs and be found by active technology recruiters and headhunters. You can also receive a free CV appraisal or LinkedIn Profile appraisal by uploading your CV below.

Login and upload your CV now


 

TOP