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.

Top IT benefits across New Zealand


Benefit 2013 - 2014 2012 - 2013
1 Mobile phone/mobile allowance 18.9% 16.6%
2 Flexible working hours 17% 8%
3 Health care subsidies 13.5% 20%
4 Company paid training 13.1% 1.6%
5 Car park 11.9% 27%
6 Overtime payments 6.7% 1.5%
7 Extra annual leave 4.9% 8.8%
8 Additional Superannuation 3.9% 2.7%
9 Car and/or car allowance 3.3% 11.6%
10 Gym/health club membership 3.3% 0.7%

Conversely in Australia, mobile phones topped the list followed by a car park and then car allowances.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Scoop Business: ComCom Charges Hawkins’ Finance Companies Over Debt Recovery

The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. More>>

ALSO:

Science Media Centre: The Big Science Stories Of 2014

It was a dramatic year for science, one that witnessed a severe outbreak of Ebola in West Africa and an historic mission to land a space probe on a comet. On the home front... headlines with animal testing for 'legal highs', 1080 use to tackle increased pest numbers and court action over genetically modified organisms among the most-covered stories. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news