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By Michelle Maisto on 2012-01-26
Technology professionals have been pulled through the wringer of a struggling economy, but after two consecutive years of stagnant wages, compensation is — if ever so slowly —on the rise, according to the 2012-2011 Salary Survey from technology career site Dice. "Finally! Compensation has mustered some momentum, as more and more top tech markets are notching increases in pay," Tom Silver, SVP of Dice North America, said in a Jan. 24 statement about the survey. Dice also looked at whether bonuses were being handed out, and with how generous a hand, as well as how the top 20 cities for tech jobs are faring. Conventional wisdom holds that the tech world follows Silicon Valley. While by broad strokes the survey found that to be true, the more nuanced story is one of stiff competition with the highest salaries going to professionals with the "right skill sets and the right experience level," according to the survey. The most generously compensated skills were those that enabled enterprises to harness their data in actionable ways. When they can do that, added Dice Managing Director Alice Hill, "is when the tech department is no longer seen as a cost center but a strategic partner in meeting companies' goals."
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Salaries Up More Than 2 PercentAfter two years of tech salaries remaining flat, 2011 saw an average increase of more than 2 percent, from $79,384 in 2010 to $81,327.
Bonuses Up 8 PercentIn 2011, reports Dice, the average bonus size rose by 8 percent, to $8,769. Even happier news: 32 percent of tech professionals received bonuses in 2011. By contrast, 29 percent received bonuses in 2010, while 24 percent did in 2009. Need Art
Bonus GiversThe industries most likely to award tech professionals with bonuses were: telecom, hardware, banking, utilities/energy and software.
Follow CaliforniaSalaries in California's Silicon Valley have risen, prompting technology professionals in other cities, including Seattle, Houston and Raleigh, to push for salary increases.
Silicon Valley Salaries Up 5 PercentIn 2011, the first time in the Dice Salary Survey's 10-year history, annual tech salaries in Silicon Valley topped six figures. The highest in the nation, they rose 5 percent year-over-year to an average of $104,195 in 2011
California DreamingNot only are Silicon Valley tech salaries higher than the national average, bonuses were also "fatter and more frequent" than the national average. The average bonus amount in 2011 was $12,450 and 38 percent of workers in the region reported earning a bonus last year.
Texas On the RiseSilicon Valley isn't the only place to be. Twelve of the top 20 tech markets saw above-average salary growth, led by Austin, Texas, where wages rose 13 percent to an average $89,419. Number-two city Portland, Oregon, saw an average increase of 12 percent to $82,055, while salaries in number-three Houston increased by 7 percent, to $89,307.
D.C. Highest After Silicon ValleyWashington, D.C., may have taken the number-four spot, with a 12 percent increase in annual salaries, but those salaries — Silicon Valley aside — were the highest of all at $94,317. Other salary-growth areas were Chicago, Seattle, Denver, Dallas/Fort Worth, New York, Los Angeles and Raleigh, N.C.
Follow the AcronymsSkills commanding the highest salaries, with above-average annual growth, found the study, were advanced business application programming (ABAP), with an average salary of $109,157. Other top-earning skills were: service oriented architecture (SOA) software, extract, transform and load (ETL) and Weblogic.
Make Yourself UsefulThe fifth most lucrative skill was java database connectivity (JDBC), unified modeling language, JBoss and WebSphere. The push, said Dice Managing Director Alice Hill, is toward enterprise java, as well as "a continuation of the trends we've seen toward tech professionals helping their companies gain more insight into their cost structures, customer behavior and emerging trends."
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