In part 2 of the iGB Pentasia Salary Survey 2023, Pentasia’s chief marketing officer and growth officer Brooke Petersen discusses the growth of hybrid work and a general slowdown of wage growth.
Read Pentasia’s managing director, Alastair Cleland’s overview of the trends outlined by this year’s iGB Pentasia Salaries Survey.
Wage growth is rising, but at a slower pace
Budgets are constrained
The tech talent is not a lingering thing
Hybrid advantage
Delays causing uncertainty
Train to succeed: the key to success
Wage growth is rising, but at a slower pace
The record-breaking salary hikes in 2022, where some igaming experts received pay increases of up to 30%, are now a distant memory.
The growth rate has been moderate, at around 4%. This is most likely due to inflation, so the wages are largely stagnant.
Budgets are constrained
The market conditions that led to layoffs in early 2014 have contributed to tighter budgets, and increased scrutiny of spending in all areas.
The talent required by industry cannot be found without investing. Companies that are forward-thinking align their compensation plans with strategic goals, and they recognize the importance of attracting top talent and keeping it.
The tech talent is not a lingering thing
It’s still an open market for igaming candidates, despite the fact that technical teams across industries saw heavy redundancies last January.
In an industry driven by regulation and technology, retaining and recruiting top talent is critical.
Hybrid advantage
Flexibility is highly valued in the hybrid working trend. Many companies find it difficult to retain and recruit staff when they insist on the traditional five-day office workweek.
In this highly competitive industry, adopting a flexible work approach has been proven as a key factor to retaining employees.
Delays causing uncertainty
Legislation fueled the demand for talent in legal and compliance last year. However, the prolonged delays in reviewing the UK Gambling Act has led to uncertainty among many investors.
The uncertainty does not just affect the allocation of funds. This uncertainty also leads to a workforce that is disillusioned and has limited opportunities for development.
Train to succeed: the key to success
According to the Conexus Group Skills & Employment Survey, more than 60% of respondents felt that providing their employees with professional development opportunities was the greatest challenge in motivating them. This includes training and continuing education.
The employees have told us that they believe consistent, relevant and timely training is the key to their success in their role. In the igaming industry, the courses that are most popular revolve around compliance and risk, such as responsible gaming, AML, countering terrorism financing, anti-bribery and anti-fraud, and payment handling.
The iGaming Academy has confirmed this, citing a continued and sharp increase in the demand for courses like these across major jurisdictions.
Brooke Petersen, chief marketing officer and growth officer of The Conexus Group’s parent Pentasia company.
