15 December 2014 · Absolute IT
Absolute IT has released its six-monthly Remuneration Report , after surveying over 35,000 anonymous submissions through itsalaries.co.nz. There have been notable improvements when looking back and comparing figures from the last 6-12months.
“A key take-out is the significant number of non-financial benefits IT job seekers are now receiving as part of their salary packages,” says Absolute IT Director Grant Burley.
Up 18%, an impressive 66% of IT professionals are receiving some form of additional benefit as part of their remuneration package, compared with this time last year. There has also been a 3% increase in the national base median salary, up to $82,500.
What makes the best IT job package?
Due to New Zealand’s IT talent shortage and employers struggling to compete internationally with base salary, most IT jobs now provide a total package. It’s becoming increasingly important to provide staff with not only a secure job, but a healthy work/life balance. There has been a significant rise in professionals across all industries liberating themselves from the traditional fixed work hours. This can be credited to the digital age revolutionising the way we work.
“Employers are finding other ways to entice talent; mainly through additional benefits such as mobile phone allowances, health care plans, car parking, company paid training and flexible work hours,” says Burley.
In Absolute IT’s 2014 Job Seeker Survey 41% of IT job seekers stated flexible working hours as the top non-financial benefit they would appreciate from their employer. The good news is, it would appear employers are listening! 33% of IT professionals are now receiving flexible working hours as part of their salary package, a 6% increase on figures taken six months ago.
There has been a significant increase in benefits across the board since June this year
How the regions compare
Across New Zealand, every region has seen an increase in the number of IT jobs that include both additional benefits and bonuses. With Auckland taking out the top spot for IT professionals to nab themselves some additional benefits and a bonus as part of your salary package, and Wellington offering the highest median base salary and bonus at $90,000 and $7000 respectively.
Public vs. Private
“When it comes to working in the public vs. private sector, it’s no surprise that private companies are in a better position to provide IT professionals with additional benefits and added bonuses,” says Burley.
Throughout the country, 56% of IT professionals in the public sector receive benefits, compared to a slightly larger 70% of IT professionals working for a private company over 100+ staff. The biggest difference is when it comes to annual bonuses – only 6% of public sector staff receive a bonus compared to 33% of IT professionals working for a large private business.
Time to get your own IT jobs package?
Absolute IT delivers New Zealand’s best IT recruitment solutions. Since our launch in 2000 we’ve been proud to be New Zealand owned, our track record speaks for itself: 96% of job seekers would recommend us to others.