Global tech salaries have seen significant growth in recent years, although the increase in 2024 was a relatively modest 2%. So, what do the tech salary trends for 2025 look like? With the tech talent market improving, it's anticipated that salaries will experience sustainable growth over the next twelve months.

Understanding these salary trends is essential for both hiring managers and tech professionals.

  • For hiring managers: Knowing market rates makes recruiting for high-demand tech roles more straightforward by enabling competitive compensation packages. It also aids in budget planning and improves employee retention, helping businesses keep their best talent.

  • For tech professionals: Being aware of market rates ensures they’re fairly compensated and helps them evaluate job offers more effectively.

In this series, we’ll explore current and future tech salary trends across the globe, starting with a focus on the UK.

UK Tech Salaries

UK tech salaries typically range from £47,000 to £77,500, with an average of £62,500. Below is an overview of typical roles, experience levels, salary ranges, and industries.

Role Experience (Years) Salary Range (£) Typical Industries
Software Engineer (Mid-Level) 3-5 50,000 - 75,000 Tech, FinTech, E-Commerce, Media, Telecommunications
Data Analyst (Senior-Level) 4-6 47,000 - 70,000 Financial Services, Retail, Healthcare, Tech, Marketing
DevOps Engineer (Mid-Level) 3-5 60,000 - 77,500 Cloud Computing, SaaS, FinTech, Telecommunications
Cybersecurity Analyst (Mid-Senior) 4-7 55,000 - 75,000 Banking, Financial Services, Government, Healthcare
Product Manager (Mid-Level) 3-5 52,000 - 77,000 Tech, FinTech, SaaS, E-Commerce, Media

Regional Variations

Salaries vary depending on the region, with London and the surrounding areas offering higher compensation. However, the cost of living in the UK is relatively high, particularly for expenses such as accommodation, employment tax, and public transport. This makes employment compensation less competitive compared to other European tech hubs like Germany and Switzerland.

Workforce Growth and Job Opportunities

The UK tech workforce is steadily expanding. As of 2022, there were over 2,043,000 tech workers in the UK, with a consistent 1% annual growth in recent years.

In 2023, approximately 2.1 million tech jobs were advertised in the UK, and this figure is projected to grow by 2% in 2024.

Although there is significant demand for tech roles across the UK, job flow remains particularly strong in London, where the majority of opportunities are concentrated. Key sectors showing noticeable growth include:

  • Data

  • Cybersecurity

  • AI

  • FinTech

  • Space Tech

These sectors offer some of the best contract and permanent job opportunities for experienced UK tech professionals.

Recruitment Agency Support

Partnering with recruitment agencies offers growth focused businesses numerous benefits and solutions when hiring tech talent, including staffing for roles such as cloud engineers and cybersecurity analysts. Key advantages include:

  • Access to Market Data: Recruitment agencies provide real-time insights into average salaries for tech positions.

  • Competitor Analysis: Agencies understand what rival companies are offering, enabling businesses to craft competitive salary packages.

  • Access to Top Talent: Agencies have connections with the best candidates, including those not actively searching for a job. We for example at SGI have a global network of over 200,000 skilled candiates, many of who'm will not be actively search job opportunities online.

  • Efficient Hiring Processes: Recruitment agencies streamline the recruitment process, ensuring roles are filled quickly and efficiently.

Conclusion

Understanding the global tech employment market is essential for effective salary benchmarking, both at a national and global level, particularly for remote workers. Keeping abreast of market trends allows hiring managers to offer salaries that attract and retain top talent, which is fundamental for business growth.

We will be continuing this series with new insights and data across other major tech hubs soon, so keep an eye out for part 2.

At Source Group International, we have deep expertise in helping businesses navigate the tech hiring landscape. Our access to current salary trends and extensive industry knowledge ensures that your business can offer competitive compensation packages to quickly onboard the talent you need to succeed.

Get in touch with one of consultants to discuss how we can help grow your team, or find your next career defining role on our job search page.

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