Glassdoor’s chief economist, Dr Andrew Chamberlain, said that a shortage of special skills makes tech employees more valuableStaff at the highest paying companies receive salaries of up to £90,000 – more than three times the median annual salary of £ 27,600. The technology based companies make up over 50% of the 10 highest paying companies in the UK followed by banking and consulting, according to Glassdoor.
The survey data was submitted voluntarily by UK employees over the last year and companies were only considered by Glassdoor after they had received at least 30 salary reports.
Software firm SAP, with an average total package of £90,000, topped the list. It was followed by cloud computing company EMC, management consultant McKinsey and Boston Consulting Group. Each of these firms offered median salaries above £80,000 a year.
Facebook ranked fifth with employees looking to earn a total pay package of £79,500. This is more than Google staff that nearly made the ranking with a median total compensation of £73,300.
“Tech salaries in particular tend to be high because of a shortage in specialist skills such as software development and programming, with a bidding war for these workers now underway,” Chamberlain said.
“Barriers to entry at consulting firms mean that many loyal clients stay with specialists for a number of years because of their extensive contacts base, and bankers are of course still receiving hefty bonuses as successful traders bring huge company returns,” he added.
These are the 10 highest paying companies in the UK for 2016:
- SAP
- Median Total Compensation: £90,000
- Median Base Salary: £75,000
- Industry: Tech
- EMC
- Median Total Compensation: £86,500
- Median Base Salary: £70,000
- Industry: Tech
- McKinsey & Company
- Median Total Compensation: £85,499
- Median Base Salary: £78,000
- Industry: Consulting
- Boston Consulting Group
- Median Total Compensation: £83,311
- Median Base Salary: £80,000
- Industry: Consulting
- Median Total Compensation: £79,500
- Median Base Salary: £68,420
- Industry: Tech
- Deutsche Bank
- Median Total Compensation: £75,000
- Median Base Salary: £65,000
- Industry: Banking
- Nomura International
- Median Total Compensation: £74,990
- Median Base Salary: £65,000
- Industry: Banking
- Cisco Systems
- Median Total Compensation: £74,000
- Median Base Salary: £58,952.5
- Industry: Tech
- Median Total Compensation: £73,300
- Median Base Salary: £60,225
- Industry: Tech
- BNP Paribas
- Median Total Compensation: £73,000
- Median Base Salary: £62,000
- Industry: Banking
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