(BlockBar) Australian companies are being forced to offer attractive six-figure salaries to blockchain specialists, and the competition for the best talent is higher than ever.
The increase in demand is global. Linkedin reported a 30 percent increase in demand for cryptocurrency and blockchain technology professionals. The growing demand comes mainly from Fintech start-ups and IT companies. With India in the lead, Australia also has a pool of cryptocurrency and blockchain talents. Japan, China and Singapore followed. The five countries have about 80 percent of the population of blockchain engineers in the Asia-pacific region.
As stated by Micky, A Sydney-based recruiter who represents a number of technology companies reveals an increase in the number of tech companies seeking talent on blockchain over the past 12 months. “There’s definitely a trend but the other way, in terms of applicants, There are very few with blockchain expertise,” said the recruiter, who declined to be named.
Seek.com.au, the No. 1 recruitment site in Australia, has 79 jobs that refer to “blockchain” in their job descriptions, most of them in Sydney. While many don’t disclose specific details, these are the jobs that advertise the most attractive offers for the right candidate.
Rough estimates from various channels suggest that cryptocurrency and blockchain developers earn as much as $130,000 a year. Senior software engineers earn about $115,000 a year, according to Matt Siegelman, CEO of Burning Glass Technologies.
Swiss cryptocurrency and blockchain developers earn more than their American counterparts, with Swiss talent earning between $120,000 and $180,000 a year. The higher wage rates are due to the first Coin (ICOs) and the positive development of digital currencies.
In the UK, tech start-ups typically pay up to $60,000 a year for new blockchain developers. Larger companies, on the other hand, will hand out $90, 000 to $140, 000.
On the freelancer side, engineers and consultants in blockchain development typically earn $50 to $100 an hour.
Weekend is the most representative female writer in the blockchain industry. She is known for her keen news capture ability and is good at English writing of blockchain news in the Chinese region.