Average advertised start-up salaries break £40,000 barrier
6% rise on 2013 boosted by rise of tech sector
Tech start-ups are now paying 26% above the market rate for new talent, as figures released this week showed average advertised start-up salaries rose to £41,783 in 2014.
The statistics, based on data from jobs search engine Adzuna and compiled for tech start-up jobs fair Silicon Milkroundabout, showed increasing demand for senior managers and experienced sales professionals with a 6% rise on advertised salaries in 2013.
Experts have attributed this rise to the increasing maturity of the tech sector, with start-up companies continuing to grow in number and established companies looking for more senior talent as they grow in size.
The increased salaries coincided with an 80% boom in recruitment over the same period, suggesting companies were looking to grow faster than ever before.
Adzuna’s data showed that UK regions were hiring for 8,554 positions, with the majority of these (60%) based in London and the South East.
The top-hiring tech companies in the UK were revealed to be data analytics firm DataSift, video marketing platform Rightster, and mobile gaming company King.
Adzuna co-founder Andrew Hunter said: “These new figures show tech startups in the UK are accelerating their hiring efforts and can offer exciting high-growth opportunities combined with top salaries.
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“Just like in Silicon Valley or New York, well-funded and profitable start-ups have levelled the playing field and can compete directly on salaries with the City and big tech companies for the most talented people.”