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California Dreaming

By Michelle Maisto  |  Posted 01-26-2012 Print

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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Not 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.



 

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