BSA 2024 Cyber Security Salary Guide v5 SPREADS - Flipbook - Page 16
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Nevertheless, more employers believe current salary
ranges are aligned with what they can offer than in
previous years. Just 6% say candidates’ demands are
‘not at all’ in line with their salary bandings, compared
with 26% in 2022.
In terms of wider remuneration, the average bonus
that candidates are receiving jumped from 15% to 21%
in 2023. Some employers are also providing one-off
cost-of-living payments, although this is usually to
offset lower increases in salary and bonus payouts.
Over the next 12 months, 83% of employers intend
to offer bonuses to staff, a 昀椀gure that is almost
unchanged from last year’s salary survey.
45% of cyber security and
data privacy professionals
cited remuneration as their
main reason for seeking
a new role in 2023
In other news, the UK’s 昀椀nancial regulators formally
scrapped the cap on bankers’ bonuses on 31 October.
Prior to this, the cap was 100% of a professional’s base
salary, or 200% with shareholder approval.
However, even very senior cyber security and data
privacy professionals are unlikely to receive bonuses
in excess of 100%. Therefore, the vast majority of candidates weren’t affected by the previous cap and are
unlikely to bene昀椀t from it being removed.
How likely is your organisation to offer
bonuses in the next 12 months?
Not at all
likely: 17%
Very
likely: 50%
2024
Somewhat
likely: 33%
Not at all
likely: 18%
Very
likely: 57%
2023
Somewhat
likely: 25%
Not at all
likely: 8%
Somewhat
likely: 25%
Very
likely: 67%
2022
