Story image

Non-financial benefits key to securing top NZ IT talent

15 Dec 14

Absolute IT has released its six-monthly Remuneration Report after surveying over 35,000 anonymous submissions through itsalaries.co.nz. The company says there have been notable improvements when looking back and comparing figures from the last 6-12months.

“A key take-out is the significant number of non-financial benefits IT job seekers are now receiving as part of their salary packages,” says Grant Burley, Absolute IT director.

Up 18% from this time last year, previous report, 66% of IT professionals are receiving some form of additional benefit as part of their remuneration package. There has also been a 3% increase in the national base median salary, up to $82,500.

Due to New Zealand's IT talent shortage and employers struggling to compete internationally with base salary, most IT jobs now provide a total package. Absolute IT says it is becoming increasingly important to provide staff with not only a secure job, but a healthy work/life balance.

There has been a significant rise in professionals across all industries liberating themselves from traditional fixed work hours. This can be credited to the digital age revolutionising the way we work.

“Employers are finding other ways to entice talent; mainly through additional benefits such as mobile phone allowances, health care plans, car parking, company paid training and flexible work hours,” says Burley.

In Absolute IT’s 2014 Job Seeker Survey, 41% of IT job seeker stated flexible working hours as the top non-financial benefit they would appreciate from their employer. According to the report, 33% of IT professionals are now receiving flexible working hours as part of their salary package, a 6 percent increase on figures taken six months ago.

Across New Zealand, every region has seen an increase in the number of IT jobs that include both additional benefits and bonuses. Auckland takes out the top spot for IT professionals to nab themselves some additional benefits and a bonus as part of a salary package, and Wellington offers the highest median base salary and bonus at $90,000 and $7000 respectively.

“When it comes to working in the public vs. private sector, it's no surprise that private companies are in a better position to provide IT professionals with additional benefits and added bonuses,” says Burley.

Throughout the country, 56% of IT professionals in the public sector receive benefits, compared to a slightly larger 70% of IT professionals working for a private company with over 100+ staff.  The biggest difference is when it comes to annual bonuses - only 6% of public sector staff receive a bonus compared to 33% of IT professionals working for a large private business.

Report finds GCSB in compliance with NZ rights
The Inspector-General has given the GCSB its compliance tick of approval for the fourth year in a row.
Preparing for e-invoicing requirements
The New Zealand and Australian governments are working on a joint approach to create trans-Tasman standards to e-invoicing that’ll make it easier for businesses in both countries work with each other and across the globe
5c more per share: Trade Me bidding war heats up
Another bidder has entered the bidding arena as the potential sale of Trade Me kicks up a notch.
Hootsuite's five social trends marketers should take note of
These trends should keep marketers, customer experience leaders, social media professionals and executives awake at night.
Company-X celebrates ranking on Deloitte's Fast 500 Asia Pacific
Hamilton-based software firm Company-X has landed a spot on Deloitte Technology’s Fast 500 Asia Pacific 2018 ranking - for the second year in a row.
Entrepreneur reactivates business engagement in AU Super funds
10 million workers leave it up to employers to choose their Super fund for them – and the majority of employers are just as passive and unengaged at putting that fund to work.
Tether: The Kiwi startup fighting back against cold, damp homes
“Mould and mildew are the new asbestos. But unlike asbestos, detecting the presence – or conditions that encourage growth – of mould and mildew is nearly impossible."
Capitalising on exponential IT
"Exponential IT must be a way of life, not just an endpoint."