Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Men take large cut of the bonus pie in ICT sector

Men take large cut of the bonus pie in New Zealand’s ICT sector --- men’s payments 50 per cent higher than their female colleagues


Bonuses and benefits to attract and keep IT staff remain stable in New Zealand but the gender gap has blown out with men’s payments 50 per cent higher than their female colleagues, new research shows.

The survey of 5,316 professionals by ICT recruitment specialists Candle reveals over the past year 27 per cent of practitioners received an average bonus of $12,014, just three per cent up on the previous year (2012 – 2013).
The award of benefits however jumped with nearly 70 per cent of practitioners receiving one or more benefits such as overtime or healthcare subsidies, up from 58 per cent the previous year. Only 42 per cent of Australian ICT professionals received some kind of benefit.

The data drawn from the Candle NZ MySalaryPortal (http://www.mysalaryportal.co.nz) revealed the average bonus received by males in the profession was $13,176 compared to a $8,624 for women – a $4,552 gap. Similar research in Australia shows the gap was just under half that at $2,845.

Candle New Zealand Country Manager Troy Hammond said the discrepancy between the genders reflects the sheer numbers of men in IT which has been a traditional career path, although this is changing.

“The bulk of the IT workforce in New Zealand is male and that’s reflected in the bonus payments but looking at the market now, we’re seeing a lot more women going into IT, particularly in sales roles, and having a lot of success,” he said,.

Housing affordability and accessibility -in business hubs such as Auckland and increasingly Christchurch - are pushing up salary demands and lifestyle related benefits.

“In the bigger established players, people are tending to go for security with higher salaries than an ‘at risk component’. Bonuses are still popular however in IT sales and in consulting where there’s a sales element to the role,” Mr Hammond said.

“At the other end of the scale, in the start up community, we’re seeing share options being offered rather than bonuses.”

One of the biggest bonuses, of $225,000, was paid to a Wellington Sales Account Manager working at a medium sized IT & Internet company and with no direct reports. He has a Postgraduate degree and between 11 and 15 years experience.

In terms of benefit trends, Mr Hammond said company paid training was the big mover reflecting, and together with a sharp increase in overtime payments reflected ongoing innovation in the market but not enough people to handle the new opportunities being generated.

“Lifestyle is the biggest one that we see these days where people would rather a day from home or get flexi time rather than a bonus,” Mr Hammond said.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news