Since Misco has been publishing its Salaries & Benefits Report for the ICT industry 10 years ago, the average increase in the remuneration package, which includes basic gross pay and employee benefits, has been of 67 per cent.

This emerged from Misco’s latest publication of its Misco Salaries & Benefits Report for the ICT Sector in Malta, which this year is in its 10th edition.

The 2016 Report features 22 positions and focuses on salaries for ICT jobs held in private organisations, both ICT (47 per cent) and non-ICT companies (53 per cent).

Among the companies participating in this latest report, 37 per cent employ less than 50 employees, 41 per cent employ between 51 and 150 employees and 22 per cent employ over 150 employees.

Of these, 37 per cent operate in financial services, 35 per cent operate in manufacturing, pharmaceutical, telecommunications, aviation and hospitality industries whereas 29 per cent in the iGaming industry.

“ICT is one of Malta’s fastest growing industries. In 2006, this was already starting to become apparent and this is what had spurred Misco to start compiling this annual report to monitor the salaries and benefits with which the people in this industry are being remunerated. The patterns noted in these reports will give ICT employers a full picture of what ICT professionals are being paid, helping employers remain competitive while attracting better talent,” said Maria Zahra from Misco.

According to this report, the most paid position is currently that of systems manager, followed by that of project manager. These are followed by the roles of senior software developer and software developer, systems analyst and support officer.

Nothwithstanding this, over the past 10 years, software developer was the role that saw the highest salary increase (85.51 per cent), followed by the role of senior software developer (79.51 per cent), systems analyist (74.33 per cent) and project manager (70.89 per cent). Interestingly, the role of systems manager, which is the most paid role, saw the least overall increase over the past 10 years, 42.36 per cent.