K
Kathleen Martin
Guest
A "widespread hunger" for technology professionals has seen the average salary for technologists in the US hit a record high of $104,566 in 2021 – and yet, nearly half of tech workers feel they are underpaid.
The latest Dice Tech Salary Report found that 61% of technologists received a salary increase last year, up from 52% in 2020. Web developers saw the biggest increase in pay, shooting up by more than a fifth (21.3%) to $98,912, while the highest salaries were demanded by IT management, whose pay rose 6% to $151,983 between 2020 and 2021.
Perhaps unsurprisingly, these pay increases translate into greater satisfaction amongst tech workers. Of the more than 7,200 technologists who responded to Dice's survey, 67% reported being either 'very satisfied' or 'somewhat satisfied' with their salary – up from 55.5% in 2020. At the same time, the proportion who reported feeling very or somewhat dissatisfied with their pay dropped from nearly a third (30.2%) in 2020, to just 10.2% last year.
But despite rising salaries and greater satisfaction with their pay, tech workers do not feel they are being adequately compensated for their time: 47.8% of survey respondents felt they were underpaid – a marginal increase of nearly 2% compared to 2020.
Continue reading: https://www.zdnet.com/article/tech-salaries-just-hit-record-highs-but-nearly-half-of-workers-still-feel-underpaid/
The latest Dice Tech Salary Report found that 61% of technologists received a salary increase last year, up from 52% in 2020. Web developers saw the biggest increase in pay, shooting up by more than a fifth (21.3%) to $98,912, while the highest salaries were demanded by IT management, whose pay rose 6% to $151,983 between 2020 and 2021.
Perhaps unsurprisingly, these pay increases translate into greater satisfaction amongst tech workers. Of the more than 7,200 technologists who responded to Dice's survey, 67% reported being either 'very satisfied' or 'somewhat satisfied' with their salary – up from 55.5% in 2020. At the same time, the proportion who reported feeling very or somewhat dissatisfied with their pay dropped from nearly a third (30.2%) in 2020, to just 10.2% last year.
But despite rising salaries and greater satisfaction with their pay, tech workers do not feel they are being adequately compensated for their time: 47.8% of survey respondents felt they were underpaid – a marginal increase of nearly 2% compared to 2020.
Continue reading: https://www.zdnet.com/article/tech-salaries-just-hit-record-highs-but-nearly-half-of-workers-still-feel-underpaid/
