Tech salaries all time high but more want to work from home
Tech salaries in the US has for the first time passed the six-figure mark to average USD 104,566, up 6.9% year over year, the highest in a 17-year statistic, tech market career company Dice says in a report based on a survey of 7,200 technologists. “With 38% of respondents noting work-from-home stipends as important, the dissonance is clear with only 13% receiving stipends.”
“With average tech salaries breaking the six-figure mark for the first time in the 17 years we’ve been conducting this survey, and a revolution in workplace flexibility and wellness well underway, there’s never been a better time to be a technologist,” says Dice CEO Art Zeile.
“Our Tech Salary Report shows that organizations are responding to the heightened need for tech talent. However, we’re still seeing a gap between what benefits technologists want and what they receive, presenting an opportunity for employers everywhere to better understand this all-important group of professionals, and to build environments where they will thrive.”
Both established and emerging tech hubs saw notable salary increases between 2020-2021: Seattle up 11.2%, Los Angeles 10.2%, Silicon Valley 5.0% and Boston 3.5%.
Among up-and-coming tech hubs are Atlanta with salaries up 13.9, Miami 11.4%, Philadelphia 10.6%, and Detroit 10.3%.
“With tech unemployment notably low across the nation, employers are willing to pay more for talent with the right combination of skills and experience. These smaller hubs have well-established business and academic communities, driving a need for technologists with all kinds of skill sets”, the report says.
The fastest-growing salaries included web developers (21.3% to USD 98,912), database administrators (12.4% to USD 111,362), technical support engineers (12.4% to USD 77,169) and data analysts (11.5% to USD 84,779).
The highest average salaries by skill include those that are highly specialized, given they are mastered by only a relative few.
”Significant percentages of technologists are also interested in benefits that have gained prominence during the pandemic, such as a flexible schedule options (a 17% gap) and child/elder care options (a 17% gap), which are offered by a much smaller subset of employers.”
Asked to rate benefits 85% said paid vacation days is “important”, health/dental insurance (85% / 81%), paid sick days (80%), remote schedule options (74%) and training and education (68%).
“As balance has become increasingly important, technologists are seeking support in making work-from-home work for them, including stipends and child/elder care options. Although crucial benefits to tech professionals, gaps still exist between what benefits employees find important and what’s offered by employers,” says Michelle Marian, Dice CMO.
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