As tech companies report that they intend to hire more employees in 2015, salary and bonus statistics for 2014 demonstrate a strong investment in workforce cultivation.
In a piece called "Tech jobs: Nice, if you can keep them," Levi Sumagaysay writes that despite the preponderance of tech layoffs in 2014, tech jobs continue to be sought-after for their high salaries and sizeable bonuses. Citing research from Dice.com, the blog reported that the average annual tech salary in the United States was $89,450. In Silicon Valley, the richest and perhaps the densest tech center in America, that average went up to $112,610.
Across the country, the average tech job's bonus pay in 2014 landed at $9,538, while Silicon Valley professionals enjoyed $14,238 in bonuses last year, on average. With perennial reports about the salaries of interns, there's no doubt that positions at established and burgeoning tech companies are some of the most lucrative on the market.
Significantly, those figures are climbing year over year. The national tech salary average was up 2 percent from 2013, and more employees reported that they received those hefty bonuses. In 2013, 34 percent of respondents said they were paid a bonus, and last year that statistic rose to 37 percent.
While much attention has been paid to tech layoffs, it's a reminder that recruitment and retention efforts in the tech space are healthy and thriving. Despite restructuring that many companies undergo as part of long-range strategy and development, courting the best talent from the candidate marketplace with coveted salaries still happens across the industry.
At VAR Staffing, our commitment to matching tech firms with the best and brightest talent can help businesses reach the next level.