Anyone who thinks that good jobs in tech don’t pay like they used to is about to get a jarring wake-up call.
According to the findings of a research endeavor spearheaded by online career site Dice.com, technology-related salaries in the United States have enjoyed the largest increase in more than a decade.
Tech professionals, on average, saw a pay bump of greater than five percent in average annual wages ($85,619 in 2012 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,” says Scot Melland, 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.”
The root cause of the pay bump is attributed to growing merit pay or company-wide raises and internal promotions.