Growing Demand for Tech Pros Boosts IT Salaries
Average salaries for technology professionals grew by nearly 8 percent last year, and the number is now approaching six-figure levels, according to a recent survey from Dice, a leading careers site for technology professionals. IT employees in eight U.S. metro areas are already making six figures on average, with California's Silicon Valley companies paying their tech workers the most. Employees are boosting incomes through merit raises and promotions, and some are also increasing their compensation by switching employers. Given the growing demand for tech pros, it's not surprising that most of them are confident they can find a new job this year, and a notable share are planning to search for a new employer. "The competition for tech talent today is undeniable," said Bob Melk, president of Dice. "Demand for skilled talent and low unemployment rates for tech professionals aren't making the hiring landscape any easier. Employers realize that offering competitive pay is a necessity. What's promising is that the tech industry recognizes the need to fill open seats, as well as to reward tech talent for their hard work." More than 16,300 technology professionals took part in the research.