Yesterday we shared a snippet from Dice's 2018 Tech Salary Report, which is the result of a survey of 10,705 employed technology professionals conducted in late 2017 by the US job board. We shared a graphic that clearly demonstrated how technologies like Big Data and Cloud are continuing to be in high-demand with PaaS and MapReduce taking the cake as the highest paying skills. But that was just the tip of the iceberg from the Dice survey. Here are a few other interesting findings that are relevant to IT contractors in Canada, even if the data is from the United States:
After Management Positions, Systems Architects and Product Managers are Making the Most Money
While the figures are in USD and actual numbers vary by geography, the chart below still reflects the top job titles in the IT world. Naturally, those managing tech and at the top of the org chart are making the biggest bucks, but Systems Architects and Product Managers top the list, with QA and support-related roles making the least amount of money.
Average Tech Salaries are Flattening Out
As the next chart shows, average tech salaries across the US were flat in 2017 and even slightly lower than they were in 2015. According to Dice, this mirrors stagnant wages the country has seen lately, but employers are offering more motivators and benefits to remain competitive.
IT Contractors are Still Faring a Little Better Than Their Employee Counterparts
While the slight rate decrease in 2016 was also reflected in average consultant rates, they did see above average growth in 2017. As per the previous graphic, average salaries only grew 0.7% in 2017 but the chart below shows consultant rates grew 4.7%. In addition, their annual salary continues to be higher than full-time workers, but this is natural and balances out after considering the extra expenses incurred as a contractor.