Digital Marketing Sector Is Hot, Demand for Specialists Overtakes Supply.
Evolving customer expectations and fast-paced market environment set the bar high for business owners. To stay competitive they need to reach their audience via all the possible communication channels with the right content and just at the right time. Thus, more businesses prioritize marketing efforts, investing in versatile and innovative marketing strategies.
As a result, the demand for skilled marketing professionals has outstripped the supply. The insights delivered by McKinley Marketing Partners’ hiring survey further prove the point:
- The demand for marketing talent far exceeds the supply in key areas.
- 44 percent of companies plan to hire more marketers in 2017 than they did the previous year (up from 28 percent).
- Over a half of marketing hires this year will be digital: 56% of respondents intend to hire specialists with digital marketing expertise. Yet, only 24% of the professionals with the relative skills are currently looking for a job.
While the demand for digital marketing professionals clearly outstrips available supply, there is a proven way to attract the best talent: Offer a bigger salary. Namely, 45% of marketing professionals will consider switching a job for a higher paying one. Yet, switching a job is not the only way to secure a better salary. Expanding your skillset is another great way to get wage increase.
Surviving the Talent Gap in Digital Marketing: It’s Time to Learn New Skills and Polish the Old Ones
If you are one of the lucky ones, having dipped your toes into the digital marketing ocean, you probably know that the environment is quite competitive. The only way to stay relevant and grow as a professional is to constantly acquire new skills and polish the existing ones.
What is more, skills mean money. On average, digital marketers make less than, say, software developers. For instance, a digital marketing manager in the USA - one of the highest paying countries for digital marketers - makes around $64K per year, while, say, an average Java developer enjoys annual compensation of $90K.
Thus, picking up a new skill or two will not only make you a desirable employee, but also reduce the gap between digital marketing and the highest-paying jobs, if not close it at all.
How Much Do Digital Marketers Make? The Salary Overview Across the Top-Paying Countries, by Skill
To help you find a competitive advantage, we analyzed the highest-paying skills in the countries where digital marketers enjoy the highest salaries overall. The results are presented below.
- The USA
A median digital marketing manager’s salary in the US equals to $63,560. The skills that positively affect a marketer’s income are:
Source - www.payscale.com
Digital Marketing Manager Salary in Australia equals to AU$76,281. The skills, that make the number even higher are:
Source - www.payscale.com
- The Netherlands
Digital Marketing Specialist Salary in the Netherlands is €44,794. The skills, that positively influence a digital marketer’s salary in the Netherlands include:
Source - www.payscale.com
Yet, this research can not provide 100% accurate data: The salary often depends on a number of aspects rather than simply skillset. In this regard, the McKinley research mentioned above provides a valuable information on the digital marketing skills currently in demand. According to the survey, digital advertising, content creation and curation, and content strategy top the list of the most in-demand digital marketing skills.
Another survey conducted by Online Marketing Institute clearly indicates the talent gap in digital marketing. Namely, the following skills are most desired and most difficult to find at the same time:
Source - Online Marketing Institute
As we can see, brands experience the largest lack of digital marketing skills in analytics (37 percent) and mobile marketing (29 percent). These results are hardly surprising — data collection and analysis are the fastest growing areas not just in digital marketing, but in business overall, and mobile devices have become the primary source of information for most people.
Thus, it’s clear that polishing one’s skills in the fields of analytics, mobile and content marketing will increase both chances of getting hired and getting a higher salary.
Top In-Demand Digital Marketing Skills to Get You a Higher Paying Job
Having analyzed reports, devoted to companies’s overall success, we’ve come up with a list of skills, that are likely to turn into extra bucks in a digital marketer’s pocket.
- Content Marketing
According to Content Marketing Institute research, Content Marketing has become a solid priority in companies’ marketing activities. 85% marketers consider content creation to be a factor, contributing to an organization’s overall success.
What is more, 70% of companies plan to produce more content in comparison to the past year, which makes content marketing skills even more valuable.
- Mobile Video
According to Cisco Visual Networking Index mobile data traffic will increase sevenfold between 2016 and 2021 globally with video traffic accounting for 82 percent of all consumer Internet traffic by 2021. HubSpot statistics also demonstrated that video content distribution is the top priority for digital marketers.
Such a significant growth proves that skills in video production and marketing across the most popular mobile platforms are likely to grow in demand in the near future.
- Email Marketing
Email marketing is still one of the most productive ways to reach out to the audience. Last year, the average ROI for email campaigns reached 4,300%, which, according to different data sources, translates into $43 earned dollars per $1 spent in the US (in the UK, 1 spent pound into 38 earned).
In addition to that, email is still the most popular content distribution channel.
Currently, 86% of professionals prefer to use email when communicating for business purposes. Thus, the significance of email for digital marketing won’t change any time soon.
- Marketing Automation
As in any business aspect, automation in marketing is becoming essential thanks to the reduced effort and improved ROI. What’s more, it helps digital marketers constantly expand the channels of communication and generate more leads of a higher quality, which is essentially one of the top goals of a good marketing strategy.
91% of users agree that marketing automation is very important to the overall success of their marketing across channels. Marketers using automation software generate 2X the number of leads than those using blast email software and are perceived by their peers to be 2X as effective at communicating. (source - Autopilot)
Moreover, data-based automation opens additional possibilities for personalization and better content targeting.
The most popular marketing automation software solutions to look into are Infusionsoft, Hubspot, Teradata, Unica and Eloqua. Free certification courses provided by the leading martech companies, such as Salesforce, Marketo, and Hubspot, could really help you master this skills and improve your competitiveness as a professional.
Digital marketing is one of the hottest spheres to be involved in right now. A dynamic and competitive industry, it constantly poses new challenges for professionals who want to secure a decent salary and stay relevant to the demand. That is why it is crucial to augment your expertise with the right skills.