Current Demand for Tech Talent Undeniable
Tech salaries are climbing (again).
According to the annual salary survey by Dice, average technology salaries in the U.S. saw the biggest year-over-year leap ever, up 7.7 percent to $96,370 annually.
The environment for tech professionals looks quite strong according to Dice. 62 percent of respondents indicated they earned a higher salary in 2015, and almost half reported a salary increase as a result of upward mobility at their current company - 38 percent received a merit increase and 10 percent received an internal promotion (the second most common reason for a rise in salary was changing employers).
"The competition for tech talent today is undeniable. Demand for skilled talent and low unemployment rates for tech professionals aren't making the hiring landscape any easier. Employers realize offering competitive pay is a necessity," said Bob Melk, President of Dice. "What's promising is the tech industry recognizes the need to fill open seats as well as to reward tech talent for their hard work."
One of the ways companies are willing to reward their tech talent is through bonuses. The average bonus was $10,194, a seven percent increase from 2014. In 2015, 37 percent of technology professionals received a bonus, unchanged from last year, however up from 2009 when 24 percent earned the extra payout.