Cyber Magazine January 2023 | Page 63

OPERATIONS

“ I firmly believe that the expected economic downturn will pass by the technology industry ”

GEORGE BARNES CO-FOUNDER AND DIRECTOR OF HAMILTON BARNES
So , it ’ s now a case of ‘ how can you afford not to invest in cybersecurity ?’ and this changing landscape has prompted a resurgence in recruitment in the sector , with 30,000 + vacancies open in the current market . This ‘ candidate-driven ’ market is driving up salaries as companies are forced to throw money at the problem to compete for the best talent .
We ’ re seeing cyber positions that used to pay £ 80k / pa being advertised at over £ 110k / pa , so organisations that are struggling to keep up are looking at younger candidates . Fresh graduates are being offered salaries of £ 50k / pa when their only cyber experience is studying it in a textbook . Indeed , recent figures from the Office for National Statistics show that our sector – the ‘ professional and scientific industry ’ – is the only one where pay continues to match inflation .
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