It's a Real Number: Tech Professionals Enjoy Biggest Raise in a Decade
NEW YORK, Jan. 22, 2013
NEW YORK, Jan. 22, 2013 /PRNewswire/ --Technology salaries in the U.S. saw
the biggest jump in more than a decade, according to the 2013-2012 Salary
Survey from Dice, the leading career site for technology and engineer
professionals. Tech professionals earned a greater than five percent increase
in average annual wages to $85,619, up from $81,327 in 2011.
The increase in wages comes at a time when the vast majority of tech
professionals (64%) are confident they could find a favorable new position in
2013 and when employers are stepping up to the plate to retain and motivate
staff with more interesting or challenging assignments, increased compensation
and the ability to telecommute, according to respondents.
"Employers are recognizing and adjusting to the reality of a tight market,"
said Scot Melland, Chairman, President and CEO of Dice Holdings, Inc. "The
fact is you either pay to recruit or pay to retain and these days, at least
for technology teams, companies are doing both."
When asked the primary reason for changes in compensation, 36 percent of
technology professionals tagged company actions, like merit or company-wide
raises and internal promotions, as the root cause. Meanwhile, another 19
percent of respondents changed jobs during the year which brought a salary
increase along with the move.
After a considerable jump last year in both size and frequency, average
bonuses were down a touch to $8,636 from $8,769 in the previous year; however,
slightly more tech professionals 33 percent vs. 32 percent received the extra
payout in 2012.
"In the early stages of the recovery, companies were staying flexible by using
performance pay to reward their top performers," added Mr. Melland. "Now,
companies are writing the checks that will stick. With a 3.8 percent tech
unemployment rate, no one wants to lose talent."
In fact, tech professionals just starting out, those with two years or less
experience, earned their first year/year increase (8%) to $46,315 in three
years. And, there was a milestone at the other end of the spectrum. Average
salaries for tech professionals with at least 15 years of experience topped
six-figures for the first time, growing four percent year/year to $103,012.
While Silicon Valley is still the only market were tech professionals average
six-figure salaries ($101,278), seven markets saw double-digit increases in
average tech salaries year/year - the most ever registered by the Dice Salary
Leading the surge with an 18 percent year/year increase to $76,207 are
Pittsburgh-based tech professionals, followed by San Diego ($97,328) and St.
Louis ($81,245) each garnering 13 percent year/year increases. Phoenix
($83,607) and Cleveland ($75,773) had strong gains, up 12 and 11 percent
year/year, respectively. Rounding out the double-digit debuts is Orlando
($81,583) and Milwaukee ($81,670), both up roughly 10 percent year/year.
"This recovery has been particularly hard for employers in non-traditional
tech markets if they want to grow their staff," said Mr. Melland. "With
mobility down, the pool of available talent isn't as deep which pushes
salaries up and makes companies scramble to come up with creative solutions."
The top 10 market with the greatest year/year increase: Boston, up seven
percent to $94,742. That just edged out Atlanta where tech salaries average
$87,556 and Los Angeles with a six percent gain to $92,498.
For additional market information, an interactive map of average U.S. tech
salaries for the 48 continuous states and key metropolitan areas is provided
"Mad Skills, More Money"
Out of the big three, mobile, cloud and data, there's one that is having a
disproportionate impact on salaries – it's big data. Salaries reported by
those who regularly use Hadoop, NoSQL, and Mongo DB are all north of
$100,000. By comparison, average salaries for technologies closely associated
with cloud and virtualization are just under $90,000 and mobile salaries are
closer to $80,000.
"We've heard it's a fad, heard it's hyped and heard it's fleeting, yet it's
clear that data professionals are in demand and well paid," said Alice Hill,
Managing Director of Dice.com. "Tech professionals who analyze large data
streams and strategically impact the overall business goals of a firm have an
opportunity to write their own ticket. The message to employers? If you have
a talented data team, hold on tight or learn the consequences of a lift-out."
Dice Salary Survey Methodology
The Dice Salary Survey was administered online with 15,049 employed technology
professionals responding between September 24 and November 16, 2012.
Respondents were invited to participate in the survey through a notification
on the Dice site, and registered technology professionals were sent an email
invitation. A cookie methodology was used to ensure that there was no
duplication of responses between or within the various sample groups, and
duplicate responses from a single email address were removed.
Dice, a Dice Holdings, Inc. service, is the leading career site for technology
and engineering professionals. With a 22-year track record of meeting the
ever-changing needs of technology professionals, companies and recruiters, our
specialty focus and exposure to highly skilled professional communities enable
employers to reach hard-to-find, experienced and qualified technology and
engineering candidates. www.Dice.com
Jennifer Bewley, Rachel Ceccarelli or Deirdre Hughes
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