Dive Transient:
- Salaries for IT staff grew just 1.2% in 2024, marking one other 12 months of tepid development in IT compensation, in accordance with Dice data published last week. The corporate surveyed greater than 2,800 expertise staff for the report.
- The typical tech employee earned $112,500 final 12 months, although technologists with AI experience commanded an 18% wage enhance in comparison with their counterparts, Cube knowledge present.
- With wages rising solely barely, IT professionals are extra open to new alternatives. Practically half of employed tech professionals say they actively sought new positions in 2024, up from simply 29% in 2023.
Dive Perception:
The tech job market of 2024 was extra constrained than in earlier years as companies recalibrated their IT priorities — and minded their budgets.
A post-pandemic period glut for technologists gave technique to extra restrained hiring dynamics in 2024, in accordance with Artwork Zeile, CEO and president of DHI Group.
“You heard tales that any individual was employed they usually weren’t truly assigned to a crew for a number of months,” mentioned Zeile. “It was form of nearly an excessive amount of and euphoric. Now, there is a form of regression to the imply.”
Official knowledge displays a cooler setting for expertise demand. IT unemployment spiked throughout a number of months in 2024, reaching a four-year high of 3.7% in June, in accordance with a CompTIA report. Regardless of fluctuations, the 12 months ended on a excessive word, with employers including 7,000 tech positions in December.
The continued enterprise push to undertake generative AI put specialised roles again in focus, together with key underlying applied sciences like knowledge science. Roughly 1 in 10 job postings on Cube’s platform in 2023 required AI abilities, in comparison with practically one-third by the tip of 2024, in accordance with Zeile.
“There’s much less AI-skilled professionals than there are initiatives to place them on,” Zeile mentioned.
