Channel partners looking for new talent are facing an expensive and tough job candidates market. It’s competitive, costly and the pickings are slim. So what do you need to know about salary expectations as you sift through resumes?
The annual tech unemployment rate is the lowest recorded since 2008, coming in at 2.7%, according to Dice, an online career hub for technology professionals.
In 2014, the average salary for IT professionals was $89,450, up 2% from 2013, according to Dice salary surveys. That’s the average: Sixty-one percent of tech professionals took home higher salaries. Another 25% reported that they garnered higher salaries by switching employers within the year.
On top of growing earnings, more than one-third of IT pros received an annual bonus of $9,538, which represents a 2% year-over-year increase.
Looking at salaries for IT pros across the nation, employers in the Silicon Valley and Pacific region write the biggest paychecks for their employees — $112,610 on average (representing a 4% year-over year-increase) — followed by Seattle, where earnings were $99,423 (up 5% in 2014), according to Dice. In Sacramento, salaries increased by 14% to $96,788; in Portland, Oregon, salaries were up 9%, reaching $91,556 on average; and in San Diego, tech pros received an annual salary of $94,121, a yearly increase of 4%.
Looking at salaries based on skillsets, the highest paying jobs go to IT pros with skills in cloud and big data. No surprise there.
Given the fact that it’s a job candidates market, recruiters suggest that employers sweeten the pot from the get-go. And don’t forget about other important job perks, such as work/life balance.
In this IT job climate, all you can do is give it your best shot. Job candidates are feeling pretty confident, with Dice reporting that 67% of candidates are confident that they will land a job in the coming year while another 37% anticipate job-hopping for better pay or working conditions. And compared to last year, job candidates are less likely to relocate for work — 30% versus 28%.