TRC Salary Survey 23-24 - 231025 - 163633
TRC Salary Survey 23-24 - 231025 - 163633
Salary Survey
Year From TRC
While everyone is feeling the pinch this year, scale-ups have been hit
particularly hard. SMEs and corporations are happily picking up the
pieces, especially those in the Fintech and renewable energy sectors.
The parity between SMEs and scale-ups that has engulfed the market has
not been seen for some time and offers fresh opportunities for anyone who
is willing to take advantage of it.
In this report, you'll see how this is impacting salaries and employee
engagement. I hope you enjoy digging into the results as much as we did
pulling it together.
2.
From TRC
Sam Holloway
§ Director
2022 was the year of hiring wants, and 2023 is the year of hiring needs.
This trend is also partly driven by the disconnect that exists in the salary
expectations of some experienced candidates and companies. Now that
the overinflated wages of the past are being curbed, companies are looking
for talent at lower salary bands. However, not all candidates are on the
same page, and some are looking for pay increases that are above industry
standard. Until this divide is narrowed, candidates will be unhappy with
what they see on the market.
It's also important to note that location plays a key role in this divide.
Amsterdam-based talent may still be able to obtain high salaries and
bonuses, but those who are in provinces such as Drenthe won’t be seeing
the same level of financial interest from companies.
With so much change and turmoil in the last year, there’s still so much
more to unpack in the remainder of the report, I hope you’ll find it useful.
3.
Year Recap
Market Review
Salary Insight
Job Satisfaction
Contract & Freelance
Take a Break
Moving On
Desirable Benefits
Year
5.
Another year in the
books, and a whole lot
to unpack from it.
Because of this, competition for roles has never been fiercer. With
so many experienced developers, engineers and managers now on
the market, many candidates are finding it difficult to find roles that
fit their expectations and needs. On the other hand, companies are
having to fight tooth and nail to keep their A-tier players from
leaving for new pastures.
6.
Market
To get a full view of the market, it’s essential we know who we’re
talking about when we unpack key trends and challenges. This
next section is dedicated to unearthing who our respondents are,
where they work, and what they do.
36%
20%
15%
13% 13%
1% 2%
501-1000
2-10
1001+
1
51-200
11-50
201-500
7.
Where those with 10+ years of experience
are working
36%
18%
16%
14%
13%
2%
1%
2-10
501-1000
11-50
1001+
1
51-200
201-500
Interestingly, this number has dropped by nearly 10% from last year.
This may indicate that the top companies are finding it difficult to
retain their more experienced team members. It could also be a sign
that these individuals are moving to smaller organisations to have a
more significant impact internally.
8.
Age of those in the Dutch tech space
§ 19 to 25 – 4%
§ 26 to 35 – 49%
§ 36 to 45 – 39%
§ 46 to 55 – 6%
§ 56 to 65 – 2%
The majority of those who are actively working in the 19-25 group are
working at smaller organisations. 50% are working in companies with
51-200 employees and a further 17% are working at organisations with
11-50 employees. Interestingly, 64% of this same age group were
working in organisations with 11-50 employees in last year's survey.
9.
Gender breakdown
79% 20% 1%
While we saw some progress in narrowing the gender split in our last
survey, this year's responses suggest that this momentum has come
to a grinding halt. Women only account for an additional 1% of our
respondents, compared to last year. This number is worrying,
especially considering the importance of improving gender equality in
the tech space.
These both suggest that there are still hurdles in place that prevent
women from entering scale-up and corporate spaces.
“ - Product Designer
10.
Location of respondents
§ NL – 79%
§ DE – 8%
§ Other – 13%
11.
The industries that our respondents work in
Software House 1
Fintech 1
Business Services 2
Cybersecurity 3
Transport & Logistics 1
Sustainability 4
Medtech 1
Retail 2
Media 1
Education 1
12.
Our respondents’ specialisms
Programming
Backend
DevOps/Infrastructure
Frontend
Cloud
Data 1
QA/Test 1
Security 2
Mobile
Customer success
Marketing
Sales
13.
Most used languages
JavaScript
Python
SQL
HTML/CSS
Java
C#
PHP JavaScript, SQL and Python
finishing in the top three is not
Rust surprising when you consider how
valuable Full-Stack Developers are
Scala in the current market.
14.
Salary
We delved into how tech workers’ salaries have
changed over the past year and whether they’re
satisfied with their current earnings and situation. In
doing so, we uncovered how many respondents have
asked for pay raises and how many were successful.
of our permanent
respondents are
happy with their
salaries.
15.
Permanent Salaries
Yearly salary €
16.
Yearly salary €
17.
Yearly salary €
18.
Yearly salary €
19.
Contract Rates
Hourly rate €
20.
Hourly rate €
21.
Hourly rate €
22.
The vast majority of
those within our
network have received
a pay rise in the last 12
months; in fact, it sits
at an impressive 74%.
23.
How have our respondents’ salaries
changed in the last 12 months?
Increased 74%
Decreased 1%
Increase 81%
Decreased 2%
0% 50% 100%
Are you
happy with Yes
your current
salary? No
24.
Our permanent network is split right down the middle when it comes to
salary satisfaction.
It seems that there are a lot of people in the Dutch tech market who
feel that they should be receiving more from their employers.
Also, despite 74% of our respondents saying their salary has increased
in the past 12 months, 46% of that group are still less than pleased
with their current salary.
Of those who believe their salary is below industry standard, only 16%
sit in a salary band, which would actually be considered below standard
for their role. This points to the disconnect between what many
candidates are looking for in terms of salary and what the actual
industry standard pay is.
While this may seem odd, the high rates of inflation plaguing the Dutch
economy will mean that what was once an industry standard pay rise
may now be falling behind. It will take some time for candidates and
companies to get on the same page on what’s considered the norm,
now that overinflated wages are being phased out.
25.
Do you think your salary is above, below or at
industry standard?
Of the 28% of our respondents who believe their salary is below industry
standard, 86% of them aren’t happy with their current pay. This
suggests that a significant minority of our network feels underpaid and
underappreciated.
This group all agreed that a higher salary elsewhere would help
persuade them to move roles. When paired with the fact that 40% of
them have 10+ years of experience, there are a lot of great people willing
to move for the right salary and situation.
What's interesting about this group is that when we dug into the
salaries, we found that 34% of those who believed their salaries were
below the industry standard were actually being paid at or above the
industry standard.
While the number of respondents who believe they are being paid below the
industry standard may be concerning, it is actually 1% lower than last year’s
results. This goes to show that there is reason for optimism in the Dutch
tech space, as its elasticity and resilience remains even during a tough year.
26.
Did you ask for
a pay rise?
§ No – 45%
§ Yes, successful – 32%
§ Yes, unsuccessful – 23%
While it’s not a huge increase, 4% more of our respondents this year were
unsuccessful in receiving a pay rise that they asked for compared to last
year, which is not surprising considering the current market climate and
partial wage stagnation.
The organisations that are suffering most in regard to unsuccessful pay rise
requests are those with 201-500 team members. 39% of our respondents
from organisations of this size told us they had asked for but failed to
receive a pay rise. This is 16% higher than the second largest unsuccessful
pay rise request rate, which belongs to organisations that have 1000+ team
members.
27.
Of the 45% of permanent workers who
didn’t ask for a pay rise in the last 12
months, 42% didn’t do so as they had
just moved roles.
A further 19% didn’t ask for a pay increase because they have
standardised pay rises built into their contracts or as part of an
internal process. Both of these groups showcase that in the tech
space, candidates and clients alike are still being proactive in
searching and providing higher salaries in most cases.
15% of those who didn’t ask for a pay rise said they were waiting for
the right time to ask for one, while 16% said they’d already received
one or were happy with their current salary.
28.
Why haven’t you asked
for a pay rise?
Recently moved – 42%
of those who asked for a pay rise and were unsuccessful said they don’t
feel included and valued at their current place of work. Proper inclusion
goes a long way to retaining your team members, especially in a market
with such fierce competition. Pay is often a leading factor in determining
whether or not your team members feel valued.
Furthermore, only 38% of this group feel positive about their future,
showcasing just how much stock our network put into their financial
value and worth.
29.
Job
of tech professionals
are happy in their
current role.
30.
Somewhat surprisingly, 43% of those who said they were happy at their
current role also said they were unhappy with their salary. This
indicates that a sizeable minority within our network will overlook a
lower salary if other benefits, such as career progression and training,
are provided.
Meanwhile 89% of those who said they are happy in their current role
also feel valued and included. This number has dropped by 7% from
last year’s survey, suggesting another factor may be having a greater
impact this year, such as salary or work-life balance. Despite this
change, making your team feel comfortable and appreciated can make
all the difference when it comes to their job satisfaction, and our data
echoes that.
31.
Are you happy in your
current role?
32.
When it comes to happiness and organisation size, one group is far
surpassing the rest. Those who work in organisations with 51-200
people are five times less likely to be unhappy than any other group,
according to our respondents.
The unhappiest group sits in the 201-500 organisation size range, with
39% of them reporting that they were less than thrilled in their current
position. Identically, 39% of those who work in an organisation with
201-500 employees asked but were not successful in obtaining a pay
rise.
33.
Are there opportunities
to progress in your
current role?
Yes No I’m unsure
Yet again, the worst result comes from organisations with 201-500 team
members, with only 33% of our respondents saying there are opportunities
for internal progression for them.
34.
Have you been on any
training in the past 12
months?
§ No – 57%
§ Yes – 43%
35.
Contract &
It’s time to shine the spotlight on the contract and freelance scene
and unpack whether the turbulence from the last year was felt
outside of the permanent space.
Yes No
Out of those who did not receive an extension, a quarter of our
respondents reported it was because the organisation they worked for
was facing economic difficulty. A further quarter didn’t want to extend
with the organisation in the first place.
37.
100% of those who were very happy in their current role
were also happy with their current day rate,
unsurprisingly, day rate is still the main factor as to
whether a contractor is satisfied in their role or not.
39%
35%
7% 7%
4% 4% 4%
Five weeks
One week
Six weeks
Two weeks
Three weeks
38.
How do you feel about
your career prospects
this year?
§ Positive – 57%
§ Not sure – 7%
§ Negative – 36%
39.
break
We wanted to see how many
of our respondents have taken
breaks in their careers and how
said breaks impacted the
following years.
Yes No
Of those who took a career break, 84% were men, with women making
up the remaining 16%. This would seem to suggest that men are more
likely to take career breaks than women, something that is usually
deemed as being the opposite, but our network is 79% men so the 5%
differential is not cataclysmic.
40.
Furthermore, the largest group of those who’ve had career breaks
come from organisations that have 1000+ team members, with 30%
of all breaks coming from people working at organisations of this size.
Maternity/adoption leave – 5%
Relocation - 32%
Sabbatical – 17%
Other – 7%
41.
40%
of those who took a career break said it
had affected their career.
Of this group 82% decided to take career breaks by carrying out further
training or relocating, the remaining 18% were forced into breaks due to
reasons such as health and maternity/paternity leave.
The remaining 25% who were lukewarm or unhappy with their break
had all either relocated or taken a study break. When speaking about
their experiences, they alluded to training courses which didn’t meet
their expectations or difficult relocations where they were flung into a
new industry and in some cases a, new country.
This number drops to 33% for those who were in contract roles. This
showcases how freelance positions are often better adapted for those
who have to relocate, while for permanent roles, it can often be more
difficult. But when combined with the other above stats it shows that
salary is not the be-all and end-all when it comes to career
satisfaction.
80% of those who took a career break to relocate were at a senior level.
This is somewhat unsurprising as these positions have greater
flexibility and financial benefits, making it easier for people to relocate.
42.
Moving
on
Now that we’ve covered everything from salaries to
job satisfaction, it’s time to review what the main
drivers are for the tech scene’s movers and shakers.
With a year of economic hardship, the landscape has
shifted from this time last year on what people are
likely to move roles for.
A staggering 32% of our permanent network are looking for a new role in
the next three months, an increase of 7% from last year's survey. 68% of
this group are unhappy with their salary, and 55% say they don’t feel
included or valued at their current organisation.
Of those looking to move in the next year, 65% are happy in their current
role. This suggests that while their situations provide some degree of
support and comfort, several factors are still encouraging them to change
scenery. Scratching your head over what those could be? Don’t worry,
we’ve broken it down for you on the next page.
43.
Key eye-catchers
Higher salary
Career progression
New challenge
Better benefits
More experience 1
Unhappy in current role 1
Better location 1
New industry 1
Better hours 2
When it comes to reasons for leaving a role, higher salaries and career
progression are head and shoulders above the rest of the pack.
Financial security and personal development are far and away the most
likely reasons why permanent candidates would leave their current
roles.
New challenges and better benefits round up the leading group of key
factors, showcasing that many within the Dutch tech space are looking
for a new challenge to go along with better pay and benefits.
44.
94% of our network look for a great
work-life balance in a new role.
#1 Salary – 97%
#8 Location – 72%
1
#9 Job Security – 69%
1
These results show that those within the Dutch tech scene care
greatly about how organisations tackle challenges outside the average
job descriptions. Offering team members gym memberships,
independent business deals, team away days, and flexible hours does
a lot to help them feel valued and comfortable.
45.
Desirable
While benefits don’t rank at the top of reasons for those leaving and
looking for new roles, they still have a significant impact on drawing
candidates to positions they may not have otherwise. That’s why we asked
our network which benefits they’d most likely look for in a new role.
Discounts
46.
For the third year in a row,
better holiday options
take the top spot.
Financial support once again ranks high, with pensions and share
incentives both sitting within the top three benefits. While there has
not been a significant change to these benefits, that is arguably a
positive as the year has proved difficult for a number of businesses.
Being able to maintain good pensions and share incentives, even in
difficult periods goes a long way to win over candidates.
47.
That’s
a wrap
Finding the best and brightest tech professionals
and matching them with leading companies is what
we’re all about at TRC. We’re also dedicated to
making the European tech scene a great place to
work.