Salaries for many technology professionals remained flat last year. Did that trend affect your bonus?
according to Dice's Latest Technician Salary Report39% of technology professionals received a bonus in 2023, which is roughly in line with 2022 (when 38% received a bonus). The average bonus for technology professionals reached $15,011, up from $13,794 in 2022.
Almost half of technology professionals surveyed saw an increase in their bonuses last year. This is great news. Most bonuses are given at the beginning of the year. Unprecedented surge in layoffs in January and February, many technology professionals enjoyed an infusion of cash. It's a stark reminder that while high-profile layoffs have swept the tech industry for much of this year, not all companies or all technology professionals have been affected in the same way. (Some of the technology professionals who were fired were also believed to have been contractually obligated to receive bonuses from the previous year.)
Among the various sources of income that technology professionals enjoy in addition to their annual salary, bonuses remain the most important, accounting for nearly half of all additional income sources combined. However, compared to 2022, the percentage of income derived from fees, profit sharing, dependent care, and tuition assistance has increased.
If you're currently looking for a new position (or want to upgrade your current one with a better benefits portfolio), keep in mind that many companies have expanded their services for technology professionals in recent years. While traditional benefits like health insurance and paid time off remain a mainstay for companies large and small, new and interesting perks like child care and elder care, fertility benefits, and work-from-home benefits are attracting technology professionals. Recruiters are increasingly trying to attract (and retain) people. -Housing allowance and even pet insurance.
meanwhile, The average salary for tech jobs last year was $111,193, down slightly from $111,348 in 2022. This is a considerable change compared to the previous year, where his average salary increased by 9% between 2019 and 2021. However, it is important to note the following: highly specialized skills Salaries have increased significantly in areas such as cloud computing. Companies are always looking for cutting-edge talent.
