IT Job Salaries Projected To Spike In 2014
Information Technology (IT) salaries will increase significantly in 2014. While many of the labor sectors of our economy endured layoffs and downward trends in recent years, salaries for IT professionals in the U.S. grew over 5% from 2011, according to the Dice.com 2012/2013 salary survey. The average annual salary for IT professionals increased from $81,327 to $85,619 and several specialized areas exhibited significantly higher increases. For example, salaries for cloud or virtualization related positions averaged almost $90,000 and salaries related to Big Data related positions averaged over $100,000. Analysts project that salaries will continue to increase in 2014 as the competition to hire IT professionals heats up. Recent employer surveys indicate that 55% of employers say they intend to increase the size of their IT staffs, up from 42% in the second half of 2013.
This additional demand will, of course, result in making IT recruiting even more challenging than in last year’s tight IT labor market. As the demand for IT professionals continues to outstrip the supply, employers will find it more difficult to recruit and retain IT staff. In this type of environment, many companies will have to increase their internal recruiting budget or engage outside Recruiting firms. Accordingly, Recruiting firms that specialize in IT recruiting will play an even bigger role in 2014 than they did last year.
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