Tech Contract Rates Rise in New Salary Survey
The Dice 2018 Tech Salary Report revealed that while tech salaries remained flat year-over-year, average contract rates rose 5% to $72.32 per hour. The top three reasons for salary increase were merit raise (36%), changed employers (23%), and internal promotion (10%).
As for the top 10 highest paid skills in 2017, PAAS sits at number one, followed by MapReduce and Elasticsearch.
Skill | 2016 Salary | 2017 Salary
- PAAS | $120,403 | $127,702
- MapReduce | $125,009 | $125,378
- Elasticsearch | $120,002 | $124,650
- Redshift | $119,197 | $124,640
- Cloudera | $118,896 | $124,221
- DynamoDB | $118,119 | $124,054
- CMMI | $119,466 | $123,970
- webMethods | $111,892 | $123,578
- ISO 27000 | $112,556 | $123,575
- Service Oriented Architecture (SOA) | $122,094 | $123,192
“There’s a perception that the technology field is the Wild West with outsized compensation and lavish perks. While not true across the board, salaries for skills where employers have to compete for a limited supply do come with a premium,” Michael Durney, President and CEO of DHI Group. “This disconnect is partly what creates frustration among employers or tech pros when the recruiting process yields a gap between salary expectations and true market trends.”
The tech job with the highest salary includes tech management titles, followed by Systems Architect and Product Manager.
Of the 42% of tech pros that anticipate changing employers in 2018, here are their top reasons for moving: higher compensation (63%), better working conditions (45%), and more responsibility (30%).
One big trend we see more of every year at tech companies are motivators to retain talent. When asked for the primary motivator that their employers provided in 2017, flexible work location/telecommuting (14%) was only one percent lower than increased compensation (15%). The desire to telecommute isn't going anywhere soon, as 60% of tech pros would prefer to work remote half of their week or more, while only 22% currently do.