Intern and Grad Wage Trends

We hosted our first employer drop-in session recently; this was a chance to share insights and connect with our employer whānau. I shared some insights on wage trends for tech interns and graduates:

NZ Tech industry trends

• 64% of NZ Tech employers plan to give employees a pay rise this year.

• 91% of NZ Tech employers gave their staff a pay increase in 2021.

• 20% of NZ Tech professionals consider moving overseas, and the primary motivator is money.

Source: Absolute IT Job Market & Remuneration Report 2022

Factors in graduate candidate recruitment decisions

According to Talent Solutions' Student Pulse 2021, the main factors contributing to graduate candidates (across all sectors in NZ) are: 

1) Salary (43% vs 38% in 2020)

2) Reputation of the organisation

3) Job location

Factors in Summer of Tech intern candidate recruitment decisions

Though many of our intern candidates are in their final year or soon to graduate, the factors we see at play in their decision-making are broader:

• Learning & development

• Career opportunities

• Salary

• The reputation of the organisation

• Degree-related work experience

• Location

Summer of Tech 2022 Intern remuneration 

Average $25.78 (up 4% vs 2021)

Range $23.65-$31.97

(Note: this is based on 192 roles advertised and filled between 1 January-12 August 2022)

Summer of Tech 2022 Graduate remuneration

Average $29.31 (up 13% vs 2021)

Range $23.10-$38.46

(Note: this is based on 68 roles advertised and filled between 1 January-12 August 2022)

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We talked through these insights at our Employer Drop In event on 1 June (but the data were updated 12 August 2022). If you’re employing interns or grads, join us next time! Employer Drop Ins are a virtual cuppa where we share insights from Summer of Tech and connect with the employer community… grab a cuppa and join us online, 10:30am on 13 July, please rsvp here.