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Salaries and Confidence Rise for U.S. Tech Professionals

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Salaries and Confidence Rise for U.S. Tech Professionals

Tech-powered companies on edge as compensation satisfaction slips.

More technology professionals in the U.S. enjoyed merit raises over the last year, driving average salaries up in 2013. Average U.S. tech salaries increased nearly three percent to $87,811 in 2013, up from $85,619 the previous year, according to the 2014-2013 Salary Survey from Dice, the leading career site for technology and engineering professionals. (Tweet This)

Technology professionals understand they can easily find ways to grow their career in 2014, with two-thirds of respondents (65%) confident in finding a new, better position.  That overwhelming confidence matched with declining salary satisfaction (54%, down from 57%) will keep tech-powered companies on edge about their retention strategies.

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Employers are using selective and strategic increases in compensation to hold onto experienced tech talent.  While the overall average salary increase was smaller than the previous year's historic jump of more than five percent, employers offered more frequent merit increases.

Increasingly Competitive Market for Tech Pros Boosts Merit Pay Increases

For those technology professionals whose salary increased in 2013, 45 percent say the increase was sparked by a merit raise, compared to 40 percent the previous year.  Salary increases were more likely for tech professionals early in their career or with one to five years of experience, while bonuses are being used for more experienced tech professionals. 

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