The widespread need for technology professionals pushed the average salary for technologists in the U.S. to a record high of $104,566 in 2021, but nearly half of tech workers feel they are underpaid.
Web developers saw the highest salary increases from 2020 to 2021, with an average increase of more than 21.3 percent to $98,912, according to the recently released 2022 edition of Dice, a technology career market. IT managers were the top earners, with salaries increasing 6 percent to an average of $151,983. Technician Salary Report.
More than 7,200 technology professionals responded to the survey between August 10 and October 10, 2021.
Despite rising salaries and increased pay satisfaction, tech workers feel they are not being adequately compensated for their time, with 47.8% feeling underpaid. , an increase of nearly 2% from 2020.
“There has never been a better time to become an engineer, with average salaries for engineers breaking the six-figure mark for the first time in the 17 years we have been conducting this study, and a revolution in workplace flexibility and wellness underway. There is no time frame,” said Art Zaile, CEO of Dice. “Organizations are responding to the growing need for technical talent. However, there remains a gap between the benefits that engineers want and the benefits they receive, and employers around the world We provide an opportunity to better understand our professional group and develop our talent.''We provide an environment in which they can grow.'' ”
Positions with the highest growth rate
In addition to web developers, the tech jobs that saw the biggest salary increases last year included database administrators (up 12.4% to $111,362), technical support engineers (up 12.4% to $77,169), and data analysts (up 12.4% to $77,169). (up 11.5% to $84,779). Dice reports that the need for cloud to power his applications and store, clean, and analyze data all contributed to the increase in salary.
As more organizations move to the cloud, roles focused on building a company's web assets, such as software developer (up 8% to $120,204), will continue to see significant growth.
Top 10 Fastest Growing Tech Jobs by Salary
Profession | average salary | Changes since 2020 |
web developer | $98,912 | +21.3% |
database administrator | $111,362 | +12.4% |
technical support engineer | $77,169 | +12.4% |
data analyst | $84,779 | +11.5% |
UX/UI designer | $101,260 | +10.1% |
software developer | $120,204 | +8.0% |
computer/mainframe programmer | $97,320 | +6.5% |
System Administrator | $88,642 | +6.2% |
IT management | $151,983 | +6.0% |
system analyst | $93,278 | +5.5% |
Source: Dice 2022 Technician Salary Report. |
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Highlight gaps in benefits
The survey showed that technicians continue to value core benefits such as paid time off, health and dental insurance, paid sick leave, remote scheduling options, and training and education. However, a significant percentage of tech workers are also interested in benefits that have gained prominence during the pandemic, such as flexible schedules and child/elder care, but fewer employers are offering these. was.
“With balance becoming increasingly important, technologists are looking for support to make working from home possible, including pay and child care options,” said Michelle, chief marketing officer at Dice. Marian says. “A gap continues to exist between the benefits employees consider important and those offered by employers. Employers need to work closely with current employees and potential candidates to , by knowing what matters most to these technicians, they can work towards closing their own benefit gaps.”
Amazon raises salary cap
In February, Amazon announced that it was more than doubling the base salary cap for company employees. The e-commerce giant will raise the cap on base salaries for executives and professional staff to $350,000 from the previous maximum of $160,000, while also maintaining signing bonuses and large stock grants.
“The labor market has become particularly competitive over the past year, and we need to thoroughly analyze our options to ensure we maintain the economics of our business and our competitiveness to attract and retain top talent. “After weighing the benefits, we have decided to meaningfully and significantly increase our compensation levels, which are higher than in previous years,” according to an internal memo to Amazon staff first reported by GeekWire on February 7. .
Carolyn Kleiman, career expert at ResumeBuilder.com, says, “There's a war for talent these days, and increasing base pay as a way to attract candidates is an obvious choice for companies that can afford to do so.'' It's about action.” .
“Historically, job seekers tend to do better in terms of pay if they can change companies and stay in a similar role or move up a notch by changing employers.” she pointed out. But those looking for better opportunities “are looking for more than just a good salary,” Klayman added. “They want to feel like they're being paid what they're worth, but they're focused on the working environment, the work itself, and learning and professional opportunities.”
SHRM related articles:
The highest salary increases in years are not commensurate with inflation, SHRM OnlineFebruary 2022
Wages and salaries for private industry workers will increase by 5% below inflation in 2021; SHRM OnlineJanuary 2022
2022 salary increase budget revised towards 4%; SHRM OnlineDecember 2021