Salary guide 2024
Looking ahead to 2024, we see increased demand for semiconductors, efficient power systems and data processing. This will stem from LLMs being adopted, Industry 4.0 generating ever more data, clean/autonomous vehicles continuing to be an environmental priority and space deployment accelerating. Therefore semiconductors, embedded software and systems, AI, ML, power electronics and RF engineering are some of the areas where skills demand will be high. These are perennially ‘skills short’ areas and so there will likely be salary inflation in these areas as the year progresses, but on a much more organic and manageable scale than in 2022. In terms of working practices, the general trend is now toward hybrid working rather than fully-remote, with 3 days in the office and 2 days out, being an oft-adapted model.
This is a summary of data collated from placements made by our team of over 70+ specialist recruiters. These are the salary averages offered in the major roles across Software, Semiconductor, Electronics, Test and Manufacturing, Technical Operations and Sales and Marketing.
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