Salaries in technology jobs are up to 51% higher than in other sectors

Targeted salaries in technology positions are up to 51% higher than the market average. The data that emerges from the IT labor market report for the first semester of 2022 carried out by the Bumeran employment portal in conjunction with the Ministry of Economic Development and Production of the City of Buenos Aires reveals a situation that we hear daily. The Information Technology sector is booming.

The average expected remuneration in IT positions it’s a 28% higher than the market. This difference decreases to 3% at junior levels, represents 30% in senior and semi-senior positions, and reaches 51% for boss or supervisor senioritis.

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“The IT sector is a key industry for the development of the City due to its ability to generate investment, jobs and a good working environment,” he said. José Luis Giusti, Minister of Economic Development and Production.

“It is often said that salaries are better in IT, but thanks to this study we know that these salaries can be up to 51% higher than the labor market average,” he commented. Diego Amado, Director of Technology at Jobint. “In addition, the Index shows us that there is a growing trend in the wage differential: in the second half of 2019 it did not reach more than 19%,” he explained.

What are the average required wages?

In June, the intended salary fuel:

• In junior positions, 97,895 pesos per month, while the market average was 95,059 pesos.
• In the senior and semi-senior positions, the remuneration required was 183,166 pesos per month, and the market average was 141,396 pesos.
• In the senioritis of chief or supervisor, the requested IT salary was 315,612 pesos, and the market average 209,309 pesos.

In it first half of 2022 the salary differential in relation to the same period of 2021 it went from 8% to 2% in junior positions, from 21% to 32% in senior or semi-senior positions, and from 39% to 51% at the boss or supervisor levels. That is, there will be 6 percentage points and they will grow 11 and 12 percentage points respectively.

What are the highest paying junior IT positions?

The 5 junior IT positions with higher monthly salaries son:

• Programming with 121,711 pesos
• Networks with 108,909 pesos,
• Functional analysis with 103,333 pesos,
• Technical support with 94,951 pesos and
• Tests/QA/QC with 91,719 pesos

What are the highest paying senior or semi-senior IT positions?

The Senior or semi-senior IT positions with better salaries son:

• Project leadership with 280,716 pesos,
• Technology/Systems with 227,012 pesos,
• Infrastructure with 209,461 pesos,
• Systems with 201,069 pesos and
• Functional analysis with 186,930 pesos

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What are the most sought after IT profiles in the labor market?

The volume of active ads in the general market grows from the bottom of the pandemic and reaches a rise of 116% in June 2022 compared to June 2019. For its part, the volume of active technology ads shows growth in June 2022 14% compared to the same period.

In the first semester of 2022 the IT most demanded positions were:

1. Programming with 24% of the ads,
2. Technology and Systems with 14%
3. Functional Analysis with 10%.

The three profiles are part of the most requested technology jobs since 2021.-

With respect to antiquityit can be seen that the IT demand is concentrated in senior or semi-senior positions. In the first half of 2022, this concentration exceeds the market average by 87% compared to 70%. At the junior and manager or supervisor levels, the demand is lower than the market average with 10% compared to 20% and 3% compared to 10%.

What is the profile of applicants for IT positions like?

As can be seen from the study:

• 34% of the applicants are between 30 and 40 years old.
• Only 31.6% are women.
• The majority apply for Community Management positions and the minority for Project Leadership.
• 28% of these people are within the age range that oscillates between 24 and 29 years, 27% are people between 19 and 24 years, and 12% are people over 40 years.
• Hay more applications from people under 29 years of age in IT than in the rest of the market: 28% vs. 24% for 24-29 year-olds and 27% vs. 25% for the 19-24-year-old range.
• In the range of more than 40 years, fewer IT applications are observed than in the rest of the market with 12% compared to 17%.

only the 31.6% of technology applications are from women in the first semester of 2022, 3 percentage points less than the first semester of 2021 and 18.8 points less than the general average (50.3%). However, female participation in technology does not fall as much as the market average with increasing seniority.

The Top 5 of the positions with the highest and lowest number of applications

During the analyzed period, the positions with the highest number of applications per notice from the technological area were;

1. community management,
2. technical support,
3. Multimedia,
4. data entry and
5. systems.

At the other end, the IT with fewer positions per notice were:

1. data storage,
2. programming,
3. Media planning,
4. Testing/QA/QC, year
5. Project leadership.

LR