IT SALARY SURVEY

May 24, 2014


Portions of the following information were taken from “Dice Tech Salary Survey”, released date:  29 January 2014.

We all enjoy knowing where we are relative to base salary, pay increases, bonuses, etc.  One of the better on-line employment services is Dice Holding, Inc or Dice.com.   Dice.com is a career website basedin Urbandale, Iowa serving individuals in information technology (IT) and engineering professions.   Dice is now a public company and is traded on the New York Stock Exchange, (DHX.)    Dice.com has approximately 60,000 tech job listings at any one given time.  The website claims to have 3 million registered technology professionals and approximately 2 million unique visitors each month.  Of those registered users, 75% have a bachelor’s degree or higher and 65% have 10 or more years of experience in their given field.    In June 2009, Dice.com advertised 48,000 jobs.   It’s a big company.

Dice was originally a bulletin board service where recruiters would list open jobs.  The company began operations in the San Francisco Bay Area in 1990 but moved their headquarters to Des Moines, Iowa . They then launched the URL http://www.dice.com in 1996.  In 1999, Dice opened the career website to direct hiring companies while continuing to serve the recruiting and staffing industry. In February of the same year, Dice was acquired by EarthWeb.

I mention all of this to indicate the company has a great understanding of pay scales and compensation packages existing in all regions of the United States for all classification of IT and engineering professionals.    The 2013 “Dice Tech Salary Survey” is a great resource for professionals when gauging positions currently held and looking for positions to better ones’ financial situation.

The 2013 Dice Salary Survey was administered online, with 17,236 employed technology professionals responding between October 14, 2013 and November 29, 2013. Respondents were invited to participate in the survey through a notification on the Dice site and registered technology professionals were sent an email invitation. A cookie methodology was used to ensure no duplication of responses between or within the various sample groups and duplicate responses from a single email address were removed. The Dice Salary Survey was adjusted for inflation in 2013: technology professionals earning salaries of $250,000 and above were not automatically eliminated from the survey if they met other criteria.  With this in mind, I would like now to indicate several major points made by the survey.

In looking at a ten (10) year trend, we see considerable improvements in salary levels with increase each year.  Over the past eight years our economy has been extremely tough with considerable unemployment and yet professionals within technology fields have fared much better than most.  Only in 2004 did negative growth in salary levels exist.   The average salary in 2013 was $87,811 representing a 2.6% increase over 2012 figures.

Ten Year Trend

Stated reasons for salary increases look as follows:

Reasons for Salary Increases

To me, it is comforting to know that 45% felt their increases were due to performance and not just luck or being related to the boss.  Twenty-six percent (26%) of measured improvements came as a result of changing employers while eleven percent (11%) was due to internal promotions.  These numbers are very much in line with other STEM professionals.

We are know that motivation plays, to some degree,  a role in encouraging employees to do their best but the following graphic indicates professionals really do not need significant motivation.

Motivation

The average salary by major metropolitan area is given with the graphic below.  Silicon Valley tops the list of highest paid metropolitan areas when it comes to tech talent, with an average annual salary of $108,603 and an average annual bonus of $12,458. The seven percent year-over-year increase in salary was partially driven by those tech professionals earning more than $250,000 being included in this year’s results. Excluding those highly paid professionals, Silicon Valley salaries still increased at a greater rate than the national average or five percent year-over-year.

Most of the top ten markets enjoyed year-over-year salary increases at or above the national average, including Los Angeles ($95,815, up 4%), New York ($93,915, up 5%), Denver ($93,195, up 3%), Philadelphia ($92,138, up 8%), and Austin ($91,994, up 3%).

Average Salary by Metro Area

Changing Employeers

Many times changing employers requires relocating.  If that is the case, the IT personnel feel as follows when asked if willing to relocate:

Relocating

Looking at employee type, we see the following:

Average Salary by Job

Employee Type

 

This is a very quick look at the salary ranges for the IT profession.  I post this hoping to attract more young men and women into the STEM (science, technology, engineering, and math) professions.  IT positions within technology are growing at an ever-increasing rate simply due to need.  Supply vs. demand is driving all STEM professions and as you can see, certainly the IT profession.

I welcome your comments.

Advertisements

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: