Yahoo Finance Demand for tech developers push average UK pay to among highest in the world
UK developers are the highest paid in Europe and the third highest tech earners globally, a new report revealed.
Research by developer recruitment platform CodinGame said the average tech wage in the UK of $64,315 (£46,275) is just ahead of the Netherlands ($64,045) with Germany ($58,503) making up the top three tech payers in Europe.
Developer salaries in the UK are almost a quarter (23%) higher than the average tech wage in France ($52,052) and more than double the salary earned in the Ukraine ($28,184).
However, the US leads the way, with developers making $83,082 on average. Tech wages are almost a third higher (30%) across the pond. The US also remains the top-paying country for tech talent globally.
Meanwhile developers in India, which is the world’s fastest growing tech hub, are the lowest paid with an average salary of $20,750. Wages are only slightly higher in Brazil at $21,243.
CodinGame also analysed average UK salaries, in GBP, for particular tech positions. Below CTO level (£84,360), the top paying tech role is software architect, earning on average £75,000, followed by back-end developers, who earn about £51,000.
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Aude Barral, co-founder of CodinGame, said that "the UK has cemented its place as one of the world’s top tech hubs, and developers in the UK can command some of the highest salaries in the global jobs market."
However, he said this demand has caused a potential supply issue for key tech roles: "When we polled UK tech recruiters recently, almost half admitted that pandemic demand for developers means they will struggle to fill certain tech positions such as DevOps in 2021. This could be a longer-term issue post-COVID-19."
He believes one possible solution could be to tap into the pool of highly skilled and affordable developers in countries such as India and Brazil where average salaries are lower.
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“With many UK companies looking to adopt remote working practices once life and work returns to normal, building a remote tech team comprising developers based across continents could be the future," he said.
A report last month showed London tech firms have succeeded in raising $10.5bn in venture capital investment in 2020 despite the global COVID-19 pandemic and Brexit.
That was according to research conducted by Dealroom for marketing and promotional agency London & Partners. The strong investment performance has set a new record for the UK and European technology sector.
