Tech salaries leading the way overall, but not so much for women.
Technology professionals have higher salaries overall
In San Francisco, which is a leading are for top pay in tech, health care, and finance, even for new grads the pay is rising faster than other areas. Annual full-time salaries in San Francisco increased by an average of 2.8% from the first quarter of 2014 to 2015, whereas nationally the increase was only 1.8% during the same time.
Glassdoor’s top three highest-paying positions in the City are all in tech Read more »
Tech Salary Trends
Salaries Continue to Rise, Especially in Key Sectors, for Key Skills
There’s great news in the tech industry as far as salaries go! US Tech Salaries and Bonuses are on the rise. The latest Dice Salary Survey reports a 2% annual salary increase over last year on average. Bonuses were also up for 37% of tech professionals, with a $9,538 bonus on average. Over the last five years, average tech salaries have grown each year – 2010: 0.7%, 2011: 2.4%, 2012: 5.3%, 2013: 2.6%, Read more »
Tech Salary Trends & Skills / Positions in Demand
When it comes to salaries, a Bachelor’s Degree in STEM is hard to beat.
STEM leads the pack. Engineers not only rule the world, they are rocking the earnings. Mid-career salaries are highest for Petroleum Engineers, followed by Actuarial Mathematics, Nuclear/Chemical/Electronics & Communications Engineers according to PayScale.com’s recent survey on the majors with the biggest impact on future earnings. Read more »
Tech Industry Average Annual Wages
While real wages may be down 8% in the US since 2006, the tech industry paid an annual average wage of $93,800 in 2012, which is 98% more than the average private sector wage of $47,400. And California tech workers earn the highest average annual wage of $123,900, according to the TechAmerica Foundation.
Software Services Leading
The Cyberstates 2013 Key Findings include that the software services sector grew by 63,900 jobs in 2012, a 3.5 percent increase. Leading the way in high-tech employment was California (968,800), Texas (485,600), New York (318,200), Virginia (285,400 – 9.8% of with private sector workforce), and Florida (270,900). Read more »
Overall salaries have risen over the last year as the economy makes slow but steady gains. Two of the main tech industry surveys report on salaries, raises, skills, and more.
U.S. tech salaries had an average increase of nearly 3% to $87,811 in 2013, up from $85,619 the previous year according to the Dice Salary Survey – that increase was less than the 5.3% jump the prior year.
The Dice report also shows that tech powered companies are nervous as compensation satisfaction slips. The recovering economy has tech candidates very confident, with low unemployment rates in tech sectors, the job market is good and employers recognize that talent reward goes along with talent retention. Read more »
IT Pros / Software Engineers: How Does Your Salary Compare?
Glassdoor’s 25 Highest Paying Companies for Software Engineers, The Redmond IT Pro Salary Survey, Salary Information from Indeed.com, Payscale.com, and Redfish Technology.
Glassdoor.com is a free jobs and career community that offers the world an inside look at jobs and companies. The “employee generated content” is all posted by employees, job seekers, and sometimes the companies themselves. Now with nearly 3 million salaries and reviews, there is plenty of information available to consider when to making your next career decision. Read more »
Hot Tech Salary and Trend Highlights
Choice Salary Tech Ranges – Info from Robert Half 2013 Technology Salary Guide
from the Robert Half 2013 Technology Salary Guide
“Money may not be all IT employees consider when choosing to join or stay with your firm, but it’s certainly one of their key benchmarks.”
Attracting and retaining top tech talent requires a concerted plan. To attract the best and brightest, companies must be dynamic and growing, and must provide a work environment and benefits that motivate employees.
A lot of leading edge tech companies offer gyms, free healthy lunches, child care, transportation, flextime, work from home, and professional development opportunities in addition to good health insurance, 401Ks, and options. As the market improves, the competition over top talent only becomes more acute. Whether actively looking for new opportunities or not, top talent is being pitched on a consistent basis. In addition to these perks and benefits, your employees are shopping salaries. Read more »
Tech Trends: Salaries Are Highest in a Decade
The latest Dice Tech Salary Survey results show that salaries jumped in 2012 the most they have in a decade. Competition for tech talent is putting upward pressure on the sector’s salary requirements.
from the 2013-2012 Dice Tech Salary Survey
With only a 3.8% tech unemployment rate, tech professionals’ confidence is growing and there is more movement in the technology sector. The mobility of the workforce and the improving performance of many tech companies means more professionals are open to new career opportunities, whether they are actively pursuing those or simply keeping their profile av
ailable and responding to inquiries.
“The fact is you either pay to recruit or pay to retain and these days, at least for technology teams, companies are doing both.” — Scot Melland, Chairman, President & CEO Dice Holdings, Inc. Read more »
Exciting, Well-Paying Tech Jobs in 2013
The recent study by 2013 Salary Guides from Robert Half Technology and The Creative Group shows exciting promise for salary gains in information technology (IT) and creative roles. There is a high demand for these professionals as companies focus on building and improving their digital communications and make investments in IT infrastructure.
“The pressure on salaries is being felt wherever there is competition for tech savvy talent,” stated Logan Knight, IT Recruiter at Redfish Technology. “We are seeing a trend of rising pay for top-notch IT talent extends across industries such as healthcare IT, social and mobile applications, and big data.” Read more »
IT Expanding Demand, Expanding Salaries
The Information Technology sector continues to expand so far in 2012. Investment continues both in infrastructure and in staffing. Software developers, Health IT, and Security Cleared IT are in high demand. The Bureau of Labor Statistics projected that from 2008 to 2018 Computer Software Engineers 283,000 jobs will be added. This adds to the competition for talent
Along with the increased competition for IT talent, are increased salaries, according to the 17th annual Redmond Salary Survey. Salaries stagnated for some years but many employers are seeing the wisdom of salary increases to current employees in order to stay competitive and retain technical talent.
There is also movement by employees at companies that are not giving raises. Despite very specific needs and employer demands for very specific skill sets and experience, for those who change companies, there is an associated salary increase. Given the 3.6 percent unemployment rate among IT workers that upward pressure on salaries looks set to continue.
We are seeing more competition this year for experienced security, networking, analytics, and cleared software developers,” reports Beth Cliff, IT Engineering Recruitment Manager at Redfish Technology. “Hiring companies are carefully evaluating the available talent and in many cases scaling salary offers to meet talent acquisition goals.”
According to the ESJ Salary Survey 2012 Part 1, the largest jump in salary was awarded to enterprise architects (up 10 percent), and Internet managers got the largest bonuses (up 55 percent). Across the board IT professionals in application areas such as SOA, business intelligence and analytics, and enterprise resource planning (ERP) saw salaries rise.
But it isn’t only IT professionals who stand to benefit from raises, according to the recent U.S. Compensation Planning Survey by Mercer, most U.S. employers plan on increasing base salary in 2013. Those who stand to benefit the most are predicted to be the top-performing talent, i.e. the top 8 percent of the workforce.