Cyber security wages are set to soar amid a skills shortage

Demand for cyber security roles is set to boom over the next year following several high-profile cyber attacks, prompting a rise in wages, new research from the recruitment sector’s trade body suggests.

Every specialist IT recruitment agency surveyed by the Recruitment and Employment Confederation (REC) said they thought demand for cyber security staff would rise over the next year, with 81 per cent predicting a “significant” increase.

However, Kevin Green, the chief executive of the REC, said there are very few people with the skills needed, meaning employers will be competing with each other for the limited talent.

For eight of the past nine months, cyber security roles were reported as hard to fill due to candidate shortages, according to the REC’s monthly report. A whopping 81 per cent said the UK workforce was unlikely to meet demand in cyber security over the next 12 months.

This is set to fuel a rise in wages for cyber security staff – 94 per cent of recruiters surveyed predicted rocketing wages over the next year. Just six per cent thought wages would stay the same.

Source: City AM

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