IT jobs outlook: High demand, higher salaries

With the hot job market for technology professionals, it is not surprising that salaries are up, too – though only a bit.

Technology jobs site Dice.com reported late last week that technology pay was up again last year, with IT professionals earning an average annual salary of $89,450, an increase of 2 percent over 2013. More than half of these professionals – 61 percent – earned higher salaries in 2014, mainly though merit raises. Another 25 percent said they received higher pay by changing employers. Thirty-seven percent of tech professionals polled said they received a bonus last year, slightly more than the 34 percent in 2013.

Technical recruiters salaries jumped as well, by 19 percent to an average of $81,966, demonstrating the importance of identifying and bringing on technical professionals, Dice.com said.

Dice gathered its data by surveying 23,470 technology professionals online between late September and late November.

“As demand for technology professionals rises and highly skilled talent is harder to find, the pressure is being reflected where it counts: paychecks,” said Shravan Goli, president of Dice.com said in a statement released by the company. “Still, tech pros are less happy with their earnings, signaling to companies that in order to recruit and retain the best candidates, offering more will be necessary.”

Despite the news on salary increases, satisfaction with wages declined. Fifty-two percent of professionals were satisfied with their compensation last year, down from 54 percent the prior year. Satisfaction with wages has dipped annually since 2012, Dice.com said.

Dice also said tech professionals are more confident that they can find a new position; 37 percent anticipate changing employers this year for improvements in pay or conditions. But with pay rising, professionals are slightly less likely to relocate to a new job in 2015.

Full Story: Infoworld.com