Guest post by Jaquelyn Muller, Content & PR Director, Gooroo.io
Melbourne (Australia) 4 June, 2015 – Tech career marketplace, Gooroo, has released its May tech career & salary trend data.
The number of Australian tech jobs advertised dropped from a 37,566 high in April, to 31,497 in May – the first fall of 2015. This fall follows the trend in decreasing salaries already observed.
After April’s decline of 1.6%, May saw advertised tech salaries fall by a further 3.1%. This brings the average Australian tech professional’s salary to $99,860. At this time last year, jobs on offer were advertising at $111,447, over 10% higher.
This seems to be in line with the expected flat GDP report for the March quarter, however as Business Insider has reported, Q1 exceeded expectations. Over the quarter the economy grew by 0.9%, leaving the annual rate of growth at 2.3%. Analysts had been expecting a quarterly increase of 0.7% with annual growth of 2.0%. Economists are still identifying a general lull in business investment, but hoping that the GDP figures and low interest rates will help consumer and business boost confidence.
Compared with other regions, a similar trend is observed throughout the UK, with both advertised salaries and job growth falling over the last two months. The USA has also shown falling job growth although a slow rise in advertised salaries is noticeable.
In Australia, the usual larger falls in mobile technology salaries slowed slightly in May bringing its total fall to 8.7% from a January ‘15 base. Software development skills have continued to remain strong and salaries have been steady throughout this year.
Infrastructure skills however, whilst not falling as heavily as others earlier this year, saw the largest fall in salaries in May of 5.5%.
So far this year, the largest salary declines have been in Enterprise Systems (~18%) and Big Data & Databases (~15%).
Previous monthly results can be found at: https://gooroo.io/tech-salary-index
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Gooroo (gooroo.io) is a building an online marketplace to accurately matches IT professionals to jobs and training.
For employers, Gooroo is removing the complexity in finding tech talent; improving accuracy and speed, while dramatically reducing costs and risks.
Based in Melbourne, Australia, Gooroo is close to commercialisation of its job matching platform and is currently seeking partners to support the next phase of its product development and market growth objectives.
Gooroo’s Tech Salary Index draws insights from over 5,500,000 advertised software development, engineering, and technology analyst roles across Australia, USA, and Great Britain, and from individual members of the Gooroo community, adding 500,000 each month.
The Company has built a neural network based model of the international IT jobs market which itself is being trained using deep matching learning techniques to create accurate matches of people to jobs and careers. This is being done on multiple dimensions that are important to talent and employers.
Gooroo uses advanced people analytics to find the relationships between tech skills, careers, salaries, experience levels and regions. This data delivers a reliable benchmark of demand and salary trends across hundreds of IT skills. Tech talent can currently use Gooroo for free to access insights and tools customised to their own skills and career ambitions.