Client Server Market Report Q2 2024

Market REPORT

APRIL MAY JUNE

Q2 2024

03. London Salaries 04. UK Salaries 05. Europe Salaries 06. USA Salaries 07. Talking Tech 08. Get in Touch

Development

Product & Management

| Q2 24 Average Salary against Q2 23

| Q2 24 Average Salary against Q2 23

Junior | Up to £49K

£41,400

3.5%

Junior | Up to £59K

£50,000

0%

Mid | £50K - £79K

£68,385

5.2%

Mid | £60K - £79K

£75,000

13.6%

Senior | £80K +

£96,091

2.1%

Senior | £80K +

£115,000

0%

Data, Infrastructure & Cloud | Q2 24 Average Salary against Q2 23 Junior | Up to £44K

£36,000

20%

Mid | £45K - £69K

£61,077

17.4%

Senior | £70K +

£106,417

18.8%

Salary Survey

London.

The development market in London is currently in a state of flux although there remain some strong opportunities for the right candidates. The majority of companies hiring are now looking for candidates who are happy to come into the office for a minimum of 2-3 days a week which has presented a strong opportunity for any company that is able to offer a good degree of flexibility.

From a salary point of view, it has continued to stagnate, with Junior salaries averaging around £40k, mid-levels at £70k and Seniors around £95k. We are not seeing the dramatic hikes of 2 years ago and in some cases, candidates are having to take a dip in salary if they want to move from their current role.

At the top end of the market, Hedge Funds are continuing to hire in good numbers and are offering exceptional packages however this comes with the caveat of candidates needing to come into the office as much as 4 or 5 days a week.

Tom Kemp | Team Lead

Development

Product & Management

| Q2 24 Average Salary against Q2 23

| Q2 24 Average Salary against Q2 23

Junior | Up to £44K

£38,000

-%

Junior | Up to £59K

£45,000

5.8%

Mid | £45K - £64K

£52,500

5.3%

Mid | £60K - £79K

£70,000

9.3%

Senior | £65K +

£79,167

3.9%

Non-Development | Q2 24 Average Salary against Q2 23 Junior | Up to £44K

£40,667

-%

Mid | £45K - £64K

£50,500

11.4%

Senior | £65K +

£87,727

3.8%

Salary Survey

UK.

The Testing and Infrastructure markets outside of London have remained fairly consistent over the last quarter. There has been a slight uptick in the number of roles, but salaries remain less competitive than we’d like. On the candidate side, we are starting to see more activity with more “passive” candidates starting to search again.

Mike Gilmour | Team Lead

As expected from Q1, we have seen a steady increase in opportunities across various languages and skill sets within development. Predominantly aimed at senior-level hires, mostly 1-2 growth hires per team and the occasional back-fill, as well as a recent influx of graduate hires. Overall, the market is moving in the right direction, and we should see another surge after the summer.

Luke Hunt | Principal Consultant

Development & Non-Development | Q2 24 Average Salary against Q2 23 Junior | Up to €49K

€35,784

13.8%

Mid | €50K - €74K

€60,263

2.1%

Senior | €75K +

€98,319

7.7%

Source: Client Server figures

Over the last quarter, we’ve noticed a slow transition of companies moving from a remote working based model to something that resembles hybrid working/office-based work.

This has had a profound effect on the European market where candidates aren’t necessarily being hired by big US companies to work fully remotely and have had to look for roles closer to home. The increased supply of candidates on the European market has resulted in the salary levels simmering and retreating to levels that are only slightly higher than pre-covid salaries.

Inevitably, Europe is a huge employment market and therefore each location experiences different changes with the above in mind. Hungary (Budapest) still appears to be the front-runner where recruitment is concerned. New startups are scaling up quickly and lots of UK/US companies are making the decision to base satellite offices there. From 2020-2022, Client Server had no active positions in Budapest and we are now at the point where almost 20% of our roles are based in this location – clearly showing the increase of desirability for this location.

The usual players, i.e. Berlin, and Amsterdam, are still active in the employment market but haven’t seen growth to the same extent as in Hungary. Another employment market experiencing growth appears to be in Malta. The old saying goes that in a recession you should invest your money in gold – Malta appears to be the equivalent in a downward labour market.

Both in 2020-2021 (COVID) and over the last year we’ve seen our number of jobs in Malta quadruple and companies within the iGaming/Finance/telecoms space on the island are hiring in earnest.

Salary Survey

Europe.

At Client Server, we have remained resilient against the market conditions in Europe as we have footprints in multiple locations across the continent resulting in a lower exposure to risk.

Nick Heath | Team Lead

2023 Average Tech Salary: $111,193

Fastest Growing Tech Salaries by City | Growth since 2022 1. San Antonio

$112,057 13.3%

2. Philadelphia

$121,187 11.8%

3. Orlando

$106,693 9.2%

4. Columbus

$114,287 6.4%

5. Houston

$119,423 4.8%

6. Raleigh

$118,933 3.2%

However, what goes up must come down. Organizations cut back on their tech spending, forcing tech executives to make hard decisions about headcount.”

7. Baltimore

$116,581

Source: Dice Tech Salary Report

8. St. Louis

$120,975 11.8%

9. Denver

$122,913 1.6%

10. Los Angeles

$117,096 0.5%

“Tech-salary growth slowed in 2023, dipping slightly to $111,193 (compared to an average salary of $111,348 in 2022).

Tech professionals with five or fewer years of experience, along with talent working in major tech hubs such as Silicon Valley, Seattle and Boston felt this salary stagnation the most, while other regions enjoyed an increase in compensation.

Several factors likely play into this. Just two years ago, the tech sector experienced unprecedented salary growth, with the average salary shooting up almost 9% between 2019 and 2021. In 2021, there was also a notable increase in the number of tech jobs, with CompTIA reporting an increase of 260,000 positions. Tech companies everywhere were flush with cash and used those funds to hire and acquire aggressively; some tech giants even hired specialists beyond their needs solely to keep them from being hired by rivals.

Salary Survey

USA.

Source: Dice Tech Salary Report

1.7%

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HEENA with SURANI Talking Tech is Client Server’s video podcast streamed on LinkedIn. Every episode we focus on a particular trend in the UK’s tech scene. We’ve had shows about women in tech, the hiring market, career development, and more.

Keep an eye on our LinkedIn page for episodes or get in touch if you want to be on our next one!

London.

Esher.

P: +44 20 7090 2500 E: info@client-server.com

P: +44 20 7090 2500 E: info@client-server.com

Europe.

USA.

P: +44 20 7090 2500 E: info@client-server.com

P: +1 737 746 0050 E: info@client-server.com

80 Cheapside London, EC2V 6EE United Kingdom

2 Fitzalan Road Cardiff, CF24 0EB United Kingdom

Get in touch.

Thames Mews, Portsmouth Road Esher, KT10 9AD United Kingdom

8911 North Capital of Texas Highway, Suite 4200 #1237 Austin, TX 78759

Check us out. www.client-server.com