Spring 2012 Tech Salary Survey Results

April 26th, 2012

For those in IT, now is the time to ask for a raise. That is, unless you just received one. According to a report from the Dice Tech Salary Survey, those in the technology profession have seen the largest increase in their pay in 2012 since 2008. For many, that’s good news because it means that the economy is growing – and paychecks are reflecting the increased demand in this industry.

Average Wage Increased

According to the survey, after two years in which wages in the IT field seemed to stagnate, there’s been a nice two percent increase for professionals, on average, in 2011. The average salary for an IT professional in the United States in 2010 was $79,384. This year, average rates are now up to $81,327.

Bonuses Are Paying Out

Many individuals in this industry are given bonuses for a job well done. That proved to be the case in 2012 as well. The average size of IT bonuses grew by a whopping eight percent. On average, individuals received as much as $8,769. The survey notes that the number of people getting bonuses also increased. Check out these numbers:

  • In 2009, the number of IT professionals receiving a bonus was 24 percent.
  • In 2010, that number was 29 percent.
  • In 2011, the number grew to 32 percent.

Where were you most likely to see a bonus if you worked in this field? Those in the telecom, hardware, banking, utilities and software industries were most likely to see a boost to their paycheck as a result of a bonus.

It’s Not Just in Silicon Valley Either

Though Silicon Valley is still the highest paid market for well-trained professionals in IT, it’s not the only place seeing these improvements. There are wage increases and higher bonuses being paid out to more people across the country. This includes areas like Austin, Washington DC, Seattle and Dallas. That means the entire industry is growing.

What It All Means

Why are wages going up and more individuals receiving larger bonuses? There are numerous reasons this is happening and it is all good news for those in this industry.

  • In many areas, economic conditions are improving and that’s driving more employers back to growing their businesses.
  • In some areas, however, it is the sheer lack of growth that is pushing the IT world. Instead of hiring numerous people to do a job, many employers are looking for IT solutions to cut into the cost of hiring more. That’s making IT pros in demand.
  • Employers are more willing than ever to hold onto good talent. They know it is hard to find qualified professionals, and they are willing to spend the money to keep them.

For those IT professionals looking for wage increases, use these numbers as a tool to help show just how in demand your services are. With higher bonuses, employees can now start thinking about asking the boss for bigger paychecks.

Looking Back at 2011 and Looking Ahead for the IT/Tech Industry in 2012

December 31st, 2011

Last year, was an incredible adventure for the IT/Tech industry. We saw the introduction of many new forms of technology to mainstream consumers, from cloud computing to tablets. With 2012 just barely in it’s first few weeks, experts are predicting that 2012 will continue to see an explosion of technology that will continue to focus on average consumers and small business. Let’s take a look at 2011, and make a few predictions of our own.

2011 was the year of Social Media. Giants on the scene included Facebook, Twitter, LinkedIn, Zynga and many others who have become an international obsession for billions of attention starved, self-promoting consumers and businesses alike. Although Facebook has taken some criticism from users who are tired of the constant changes, possible privacy issues, and issues with the new timeline format, it is predicted to increase membership over the coming year to hit a new record. Look for continued integration with multiple applications that use your Facebook log into to access.

Last year, the mobile technology market also boomed with some 5.3 billion mobile subscribers worldwide, that’s 77 percent of the world population, according to a recent survey from MobiThinking as of November 2011. This number is led by China and India, two areas that have typically produced the cheapest mobile devices, including the $35 Akash tablet, which made its way on the scene late in 2011. The International CES 2012 revealed even more mobile awesomeness, which included Toshiba’s “world’s thinnest notebook” and Samsung’s 5” Galaxy Smartphone.

Just like in 2011, consumer gadgets rule the landscape with Vizux Smart Glasses , LG’s 84” HGTV, and Nikon’s impressive D4 DSLR 16.2 MP camera, which has them running for the nearest electronics retailers. According to a recent article in Forbes, consumer electronics purchases increased by 10%, and that’s in the midst of an economic recession faced by the world. “For 2011, Consumer Electronics Association (CEA) sees 15% growth in North America, 23% growth in Western Europe, 15% in China, 12% in Asia, 5% in Eastern Europe, 4% in the Middle East, 10% in South America and 7% in Africa.” (Source: Forbes) . Estmated sales are expected to top $1 Trillion in 2012.

What does this mean in terms of careers in It and Technology in 2012? You can expect to see a massive demand for new jobs at all levels in the New Year, from product development to sales. To get on board now with a great IT career, consider signing on with a top IT and Technology recruiting firm like Stark Talent today!