Tech and finance salaries increased by up to 20% this year

Irish-based tech and finance salaries have increased by up to 20 per cent in 12 months, according to new data published by recruitment company Hays Ireland.

The research, published as part of the Hays Ireland Salary and Recruiting Trends Guide 2022, surveyed a total of 1,500 Irish-based employer and employers.

According to the report, tech roles experienced some of the most significant salary increases in 2021, accounting for 10 of the top 20 salary increases in the last 12 months.

Accounting and finance roles, as well as construction and property roles, each accounted for five of the remaining top 20 positions.

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The top five salary increases in tech were DevOps manager (€95,000, up 18.8 per cent), full stack develop (€76,000, up 16.9 per cent), helpdesk analyst (€35,000, up 16.7 per cent), site reliability engineer (€75,000, up 15.4 per cent) and DevOps engineers (€75,000, up 15.4 per cent).

Payroll supervisors saw the biggest overall increase across any sector, with salaries rising by 20.5 per cent to €58,750 per annum.

Other accountancy and finance roles to experience double-digit salary increases include revenue accountant (€61,000, up 10.9 per cent), senior claims handler (€41,250, up 10 per cent) and senior payroll manager (€70,000, up 10 per cent).

Construction has experienced a fractured 18 months of activity due to Covid restrictions. However, Hays said the demand for construction and property professionals has “remained strong” throughout 2021 and this is reflected in the increasing salaries within the sector.

Health and safety officers, architects and technologists are just some of the roles to experience notable salary increases.

‘Consistent theme’

Maureen Lynch, director at Hays Ireland, said the competition for talent has been a “consistent theme” across 2021 and she expects this to continue into the new year.

“It has been well documented that we are operating in a candidate driven market and this is reflected in rising salaries across the board,” she said.

“The findings in our Hays Ireland Salary and Recruitment Trends Survey 2022 will come as welcome news to Irish-based professionals, particularly those in tech, finance and construction, who may be considering changing roles in 2022.

“From an employer perspective, it is important that we look to identify meaningful solutions to meeting the current demand for talent.

“The ability of employers to recruit and retain talent is integral to delivering upon their wider business objectives and at a more macro level, driving the fundamentals of a prosperous Irish economy into 2022 and beyond.”