IT Search Salary Survey 2024

The slowdown in the technology sector that started at the end of 2022 was certainly felt throughout 2023. According to a CSO report, the Irish Technology sector shed over 3,000 jobs in the year to August, many from the perceived safe haven of the “Big Tech” brands. The start-up community also felt the brunt with a 40% overall decrease in funding raised, when compared to the same period the previous year.

Thankfully the worst of the layoffs seem to be behind us, with total numbers of layoffs across the global technology sector decreasing steadily this year from a peak of nearly 90k in January to just over 7k in October. Many of the “Big Tech” firms in Ireland are actively hiring again, so there is certainly a sense of cautious optimism.

Perhaps the biggest challenge to hiring managers will be the movement of talent on the market. Contrary to the “Great Resignation” in 2022 it’s likely that 2024 will be “The Great Stay”. With candidates being more cautious about moving, the recruitment process and overall candidate experience will become even more critical to securing talent.

AI will of course play a larger role in the technology recruitment process as adoption becomes more commonplace. In my opinion, 2024 will be the year when AI and the Recruitment industry find that balance to be able to avail of the speed and efficiency of automation while maintaining the human touch and the emotional intelligence needed to guide and help candidates through processes.

For this year’s IT Search market survey, we have surveyed almost 400 Irish-based technology professionals to better understand how the Irish Technology market may perform in 2024, and what their own motivations and expectations are. We hope this information may help our clients make more informed decisions on retention and attraction of talent. Many thanks to all our Clients, Candidates and Partners who have helped with this report, and we look forward to working with you throughout 2024!

David Shanahan, Director, IT Search.

If you have any queries in regards to the salary survey or anything technology recruitment-related, contact David on +353 1 507 9276 or email david.shanahan@itsearch.ie.