Average technology industry salaries rose 7.7% to $96,730 a year in 2015, while the average bonus increased 7% to $10,194, according to a new survey.
The tech job website Dice said the wage gains “paint a picture of an overall solid environment for technology professionals,” with the salary growth rate rebounding from a tepid 1.9% in 2014.
Almost two-thirds of the 16,000 tech professionals Dice polled earned higher salaries in 2015. Nearly half said they were paid more due to a merit raise or internal promotion.
“The competition for tech talent today is undeniable,” Bob Melk, president of Dice, said in a news release. “Demand for skilled talent and low unemployment rates for tech professionals aren’t making the hiring landscape any easier. Employers realize offering competitive pay is a necessity.”
Average salary increases were highest among new technology workers with one to two years of experience, suggesting there is wage pressure for entry-level technology jobs and employers are willing to pay for fresh talent.
In 2015, 37% of technology professionals received a bonus, unchanged from last year. More experienced workers were more likely to receive a bonus as well as those in the banking/financial, telecom, hardware, entertainment/media, and utilities industries.
“What’s promising is the tech industry recognizes the need to fill open seats as well as to reward tech talent for their hard work,” Melk said.
Tech pros in Silicon Valley were again the highest-paid in the country, with an average salary of $118,523 (up 5% on last year), but six other markets — New York, Los Angeles, Boston, Seattle, Baltimore-D.C., Portland, Ore., and Minneapolis — also topped six figures.
Those working in big data and cloud continue to be the top earners. “As more businesses look to build out their tech infrastructures, employers need solutions to securely store, manage, and process large sets of data,” Melk said. “Professionals with big data or cloud expertise continue to serve as high priority candidates.”