The next episode of the Tech Connects podcast is here! Every month, we have great guests who share their expertise about the current state of the tech careers world, from the hottest tech skills to the state of the tech hiring market to what companies are doing to retain and attract top talent.
We have a very special edition of Tech Connects this time around. Dice’s latest Tech Salary Report just dropped, and we’re talking to Art Zeile, CEO of DHI Group, the parent company of Dice, about the report’s takeaways. Let’s listen in!
When it comes to tech professionals and compensation, we’re in a very interesting moment. For example, the Dice Tech Salary Report revealed that average tech salaries have trended upward, increasing 2.3 percent to $111,348—and yet tech professionals are growing more dissatisfied with their pay. What’s behind that dissatisfaction, and how can budget-crunched companies overcome it if they can’t actually offer higher salaries?
It’s also important to note that demand and hiring remain robust despite scary headlines about layoffs at some of the nation’s largest tech companies. During the pandemic, housebound consumers and all-remote businesses spent lots of money on cloud services and e-commerce, driving up the revenues for many tech giants, which then hired rapidly. But with widespread concerns over a possible recession, these big tech companies are attempting to streamline their operations, leading to layoffs.
Smaller companies, however, were more conservative with their budgets and hiring, and now many have the funds necessary to hire the tech talent they need. These companies can also compete by offering benefits such as flexible schedules and better work-life balance, which many tech professionals prize just as much as cash.
As we progress through 2023 and beyond, keep in mind that in-demand skills such as machine learning will continue to draw superior compensation. For tech professionals, always keeping your skills up-to-date is a key way to achieve your career and salary goals.
We’ll see you next time—and remember, Dice is your best resource to find the tech talent you need to fill your open roles, and for technologists, the best place to grow your tech career.