Want to know your worth in the 2024 tech market? Learn about the rising demand for a number of tech positions and explore the impact of hybrid work and economic uncertainties on tech salaries.
Download our free salary guide for insights into the latest trends for Data Scientists, Software Engineers, and other top tech roles.
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A Year of Contrasts since 2023
2023 was a year of stark contrasts for the UK tech industry. While AI and Data Science flourished, the crypto market experienced a downturn. Businesses, cautiously optimistic, balanced growth with prudence. The demand for top tech talent remained steadfast, even as companies adapted to hybrid work models.
Moving from Remote to Hybrid Work Models
As companies adapt to hybrid work models, a fierce competition for talent has emerged. Employees, empowered by the success of remote work, are demanding flexibility. This shift is forcing organisations to rethink their recruitment strategies and workplace cultures to attract and retain top talent.
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A Bright Future for Engineers
Amidst this dynamic landscape, engineers, particularly those specialising in AI, ML, and Data Science, are in high demand. The increasing reliance on technology to drive innovation and efficiency has solidified their position as essential assets.
Uncertainty in the Tech Industry
However, the tech industry is not without its challenges. Economic uncertainties and regulatory changes, such as IR35, have compelled companies to tighten their belts. This has led to layoffs and a more cautious approach to hiring.
A Glimpse into 2025
As we peer into the future, the trajectory of the tech industry remains uncertain. Nonetheless, one thing is clear: innovation will continue to be the driving force. AI, machine learning, and large language models are poised to revolutionize industries and create new opportunities.
Your 2024 Tech Salary Guide
To help you navigate this complex landscape, we’ve created a comprehensive 2024 Tech Salary Guide. This guide provides insights into the latest salary trends for a range of tech roles, including:
- Data Scientists
- AI/ML Engineers
- Computer Vision Engineers
- Frontend Engineers
- Data Engineers
- Full-Stack Engineers
- Backend Engineers
- DevOps Engineers
- SDETs
- Mobile Developers
