IOEKTA | Creative Unity

UK tech startups face rising competition

A new study from Silicon Milkroundabout, a premier tech recruitment event in the UK, and job search engine Adzuna, reports that UK tech startups are hiring for more than 8,500 positions, up 80% since 2013, as the competition for talent in the country is intensifying. Unsurprisingly, salaries are also increasing.

According to the study, UK-based tech startups are increasingly hiring more people, paying them more, and are also competing more fiercely for senior marketing and sales talent than before. London and the South East have the biggest pull, boasting 60% of all jobs (compared to just 2% for both Northern Ireland and Wales).

According to the study, UK tech startups pay salaries up to 26% above market rate today to attract the best candidates as the competition for talent intensifies.

A software developer in a UK tech startup can expect to earn on average £46,511 annually, 26% more than the tech industry average of £36,770, while sales and business development people can expect roughly £38,500 (+12% above the industry average of £34,560).

Designers are also apparently in vogue according to the research, as they can expect to make £46,511 per year (more than 47% above the industry average of £31,639).


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