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Salary Survey 2023 Trends
KEY TRENDS FOR 2023
FLATLINING PAY , FLEXIBLE WORK AND MORE
“ Although technical teams saw heavy layoffs across all industries in January and a fresh wave of redundancies in October , it ’ s still a candidate ’ s market in igaming ”
BROOKE PETERSEN CHIEF MARKETING & GROWTH OFFICER , THE CONEXUS GROUP
RISING , BUT SLOWER , WAGE GROWTH
2022 ’ s record salary increases , with some igaming professionals commanding pay rises of 30 %, now appear to be a thing of the past . There has been modest growth of approximately 4 %, however this is likely to be commensurate with inflation so wages have largely remained stagnant .
CONSTRAINED BUDGETS
Market conditions , resulting in layoffs earlier in the year , have also contributed towards tighter budgets and increased scrutiny over spending across all practices . But the talent needed by the industry isn ’ t available without investment . Forward-thinking companies align compensation with strategic goals and recognise that attracting and retaining top-tier talent is essential for long-term success .
TECH TALENT DOESN ’ T HANG ABOUT
Although technical teams saw heavy layoffs across all industries in January and a fresh wave of redundancies in October , it ’ s still a candidate ’ s market in igaming . High demand for tech skills in an industry driven by technology and regulation makes securing and retaining top talent business-critical .
THE HYBRID ADVANTAGE
The hybrid work trend has become the norm across the global igaming market , with flexibility highly valued . Companies insisting on a traditional in-office , five-day work week often find it challenging to recruit and retain staff . Embracing a more flexible approach to work has proven to be a significant factor in engaging employees in this competitive industry .
DELAYS CAUSING UNCERTAINTY
Last year , legislation spurred demand for legal and compliance talent , but the prolonged delay of the UK Gambling Act review has left many companies uncertain about their investments . This uncertainty not only impacts the allocation of resources but also leaves a disillusioned workforce with limited direction and opportunities for growth .
TRAINING : THE KEY TO SUSTAINED SUCCESS
More than 60 % of respondents to The Conexus Group Skills & Employment Survey felt that the biggest challenge of motivating their workforce was providing them with opportunities for professional growth , specifically around training and ongoing education . Employees have fed back that consistent and relevant training is key to them being successful in their roles . Within the igaming market the training attracting the most interest is around risk and compliance , including responsible gambling , AML and countering the finance of terrorism , antibribery , anti-fraud and payment handling . This has been confirmed by iGaming Academy , which has seen a sharp and continued increase in demand for these courses across all major jurisdictions .
Brooke Petersen
SALARY SURVEY 2023