Salary Snap Shot Overview
Castille Resources Salary Snap Shot offers an insight into salary trends in the IT industry across Malta. The survey questioned 744 positions ranging from Head of Operations through for technical support, and our Salary Indexes offer a benchmark to local IT Salaries. The snap shot is taken from the full salary survey which is also available upon request.
Salary Index
The survey findings show that although salaries have increased, the increases are either inline or less than that of inflation (CPI). They also show a deceleration in salary increases during the economic crisis when compared to that seen in the pre-crisis period. We can also conclude that salaries are inflating at a greater rate in higher level positions. This reflects areas where our survey found skill shortages. Castille Senior Software Developer Index Castille Junior Software Developer Index Castille 2nd Line Technical Support Index Castille Senior Systems Administrator Index
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106.68 104.14 100.44 105.79
For more information about Castille Resources services, or to request a full Salary Survey please contact Matthew Camilleri on support@castilleresources.com or visit www.castilleresources.com.
Highlights Market Conditions
43% of respondents thought that current market conditions were neutral and another 43% of respondents viewed them as positive, with the overall feeling being that market conditions are definitely improving compared to this time last year. 85% of respondents expected to employ 4 or more people during 2010, of which 43% of these are expecting to recruit over 10. This is a big increase compared to the previous year where only 58% of respondents planned to recruit over 4 new members of staff.
Skills Shortage
71% of companies surveyed found senior level positions (positions that require 7+ years experience) very hard to recruit for. 71% of companies surveyed believed that the most sort after skills in the industry were software developers, be it, .Net, Java or C++.
Pay
Overall most companies believe salaries won’t go up over the next 2 quarters, with just 28% seeing any increase. Of those 28% the average amount envisaged salaries would increase by was 4.5%. 72% of employees said they received a bonus between 0-5%, 17% received between 6-10% and 11% received between 10-20%. No one stated they received over that.
Retention
71% of companies viewed career progression as the key reason for staff turnover, followed by 43% giving increased salary as a reason for people to move jobs. 66% of employees said they didn’t feel they were being adequately rewarded for their hard work and loyalty.
Website: www.castilleresources.com | Tel: (+365) 21234102 | Email: mac@castilleresources.com