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Tech Salaries Hold Steady Amid Industry Evolution: 2023 Survey Reveals

Published by
WIlliam Dube
  1. The Robert Walters Salary Survey 2023 reveals that pay rates for key technology roles, including CTO, Senior Data & Analytics Manager, Senior Team Lead, Senior Software Engineer, Senior Software Developer, Senior Front-end Developer, and Senior Fullstack Developer, have remained relatively stable since 2022.
  2. The stability in salaries suggests a well-balanced job market that has adapted to ongoing changes within the technology industry.
  3. The Robert Walters Salary Survey serves as a valuable resource for employers, employees, and job seekers, providing insights into salary trends and helping them make informed decisions.

The Robert Walters Group, a prestigious British recruitment company, has just released its annual Salary Survey for 2023, shedding light on salary trends for permanent technology roles. The data reveals that despite significant transformations within the industry, pay rates for key tech positions have remained relatively stable since 2022.

The Robert Walters Group is renowned for its focus on placing professionals into permanent, contract, and temporary positions across a wide range of industries. This year’s Salary Survey covers several key technology roles, including Chief Technical Officer (CTO), Senior Data & Analytics Manager, Senior Team Lead, Senior Software Engineer, Senior Software Developer, Senior Front-end Developer, and Senior Fullstack Developer.

A comprehensive analysis of the salary data unveils the following trends:

  1. Chief Technical Officer (CTO) salaries remain consistent: CTOs, who are responsible for overseeing the technical aspects of a company, have experienced no change in their pay rates from 2022 to 2023. Their annual salaries continue to range from R1.4 million to R1.9 million.
  2. Stable pay for Senior Data & Analytics Managers: This role, which focuses on managing and analyzing data to drive business decisions, also experienced no salary adjustments between 2022 and 2023. The pay range remains between R618,000 and R824,000 per year.
  3. Senior Team Lead salaries hold steady: Senior Team Leads, who oversee technology teams and projects, continue to earn between R293,000 and R391,000 per annum.
  4. Unchanged pay for Senior Software Engineers: These professionals, who design, develop, and maintain software systems, have seen their annual salaries hold steady in the range of R686,000 to R914,000.
  5. Consistent salaries for Senior Software Developers: Responsible for creating, maintaining, and improving software applications, Senior Software Developers continue to command annual salaries between R991,000 and R1.3 million.
  6. Senior Front-end Developer pay remains stable: Tasked with designing and implementing user interfaces, Senior Front-end Developers have seen no changes to their pay range, which remains between R512,000 and R683,000 per year.
  7. Senior Fullstack Developer salaries remain constant: Combining the skills of both front-end and back-end development, Senior Fullstack Developers continue to earn between R616,000 and R822,000 per year.

The stability in pay rates for these technology roles suggests a well-balanced job market that has adapted to ongoing changes within the industry. As technology continues to evolve, it will be interesting to see how these trends develop in the coming years.

Robert Walters Group’s Salary Survey serves as a valuable resource for employers, employees, and job seekers alike, providing insights into salary trends and helping them make informed decisions. The full survey, which covers various industries beyond technology, can be found on the Robert Walters Group’s website.

Table 1: Robert Walters Salary Survey 2023 – Technology Roles

Job TitleSalary Range 2022Salary Range 2023
Chief Technical OfficerR1.4m – 1.9mR1.4m – 1.9m
Senior Data & Analytics ManagerR618k – 824kR618k – 824k
Senior Team LeadR293k – 391kR293k – 391k
Senior Software EngineerR686k – 914kR686k – 914k
Senior Software DeveloperR991k – 1.3mR991k – 1.3m
Senior Front-end DeveloperR512k – 683kR512k – 683k
Senior Fullstack DeveloperR616k – 822kR616k – 822k
Caption: Table 1 shows the salary ranges for key technology roles in 2022 and 2023, as reported by the Robert Walters Salary Survey.
WIlliam Dube

William Dube is a finance and economic news expert with over 10 years of experience in economic anaylsis, financial product assessment and market analysis. With a numerous certificates from prestigious universities including but not limited to Yale University and the University of Pennyslivenia. William specializes in providing insightful news developments in South Africa and commentary on investment strategies, risk management, and global economic trends. You can contact him on william@rateweb.co.za

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WIlliam Dube

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