U.S. tech salaries flat 2 years running, but Silicon Valley pay rises
Network World - Tech workers pulled in an average of $79,384 last year, an increase of 0.7% over 2009. It was the "second straight year of nearly flat salaries," according to Dice.com, the online job site which surveyed nearly 20,000 tech pros in North America between Aug. 31 and Nov. 15. Silicon Valley is making a comeback, though, with average salaries approaching six figures.
CASE OF RECOVERY: Google gives 10% raise to 23,000 employees
"Despite the marginal increase, there are glimmers of the business recovery within the study," Dice wrote in a press release describing the survey. "Nearly half of those surveyed (49%) received a salary increase in 2010 compared to just 36 percent who saw raises in the previous year. And more technology professionals received bonuses: 29 percent compared with 24 percent of respondents in 2009."
About half of tech professionals said they were satisfied with their pay, but nearly 40% believe they could improve their salaries by switching employers in 2011.
"Companies can no longer get away with paltry salary increases for their technology staffs based on the demand we are seeing for talent," Tom Silver, senior vice president for Dice in North America, said in the announcement. "The moderate increases in satisfaction levels indicate that tech professionals' concerns are being heard by some companies, but certainly not all. Retention is the key to driving additional contributions to the business from technology staffs. Employers that are reluctant to increase compensation or step-up retention efforts will likely pay for their unsatisfactory ways."
While overall tech salaries improved slightly, technology professionals just entering the field now can expect to make less than if they got their first jobs a few years ago. "For the second straight year, the average salaries of technology professionals with less than two years' experience have declined, and are six percent below their peak average wages in 2008," Dice said.
Working for larger companies, and adding expertise and skills seem to be the two most effective ways of boosting salary. Location also matters. Silicon Valley tech workers saw a 3% salary increase to $99,028, after a decline the previous year. More than one-third of Silicon Valley workers received a bonus in 2010, up from 26% the previous year. New York and Washington, D.C./Baltimore employees also receive significantly higher salaries than the average tech worker, at $87,298 and $89,149, respectively.
Several fields within high-tech are offering average salaries in the six-figure range. Advanced business application programming, for example, clocks in at $105,887. Informatica database experts earn an average of $101,989, service-oriented architecture professionals take in $101,827, and project managers are at $100,143, according to Dice.
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