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Tech salaries are up

Posted on January 23rd, 2013 Read time: 1 minutes

With digital and mobile technology dominating almost every facet of life today, it’s no surprise the tech industry is booming. Between 2012 and 2013, technology salaries in the U.S. saw the biggest increase in more than a decade, according Dice Holdings’ recent Salary Survey.

The jobsite empire estimates tech professionals saw average annual wages jump more than 5 percent from $85,327 in 2011 to $81,619 in 2012. The increase comes at a time when many industry members feel confident in their ability to find a favorable new position this year, Dice Holdings states. Meanwhile, employers are strengthening efforts retain and motivate employees. More companies are attempting to provide more interesting or challenging assignments, increased compensation and the the option to telecommute, according to survey respondents.

More than one-third of respondents attributed last year’s salary increase to company-wide raises and internal promotions. Another 19 percent stated the pay hike was caused by job changes.

In an interview with Pittsburgh Business Times, Dice Holdings President and CEO Scot Melland stated employers are competing more and more for core technology skills in software, project management, network engineering, telecommunications and other fields.

Companies that plan to increase their tech employees’ pay or bring in fresh talent should consider the benefit of outsourcing HR administration and payrolling.

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