The average earnings in the IT sector across the UK have increased at a greater rate than the wider economy despite a slowdown in hiring, indicating a continued struggle with skills shortages. This is according to the latest Robert Half Jobs Confidence Index (JCI), an economic confidence tracker produced in partnership with the Centre for Economics and Business Research (Cebr).
According to the data published in September, average weekly earnings in IT were up 11.1%, above the growth noted across all UK industries (8.2%). The JCI also indicated that earnings in the sector were 74.1% higher than the average wages reported across all other sectors.
While the report also showed a 40.5% annual decline in vacancies, the increase in earnings suggests that employers are still using financial incentives to attract the best talent.
With uncertainty still rife, firms are also seemingly turning to temporary resources to fill demand rather than committing to permanent headcount increases, with the share of employees with a temporary work arrangement growing by 0.5%, the research noted.
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