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Salary & Rate Trends in Tech, According to Dice

Dice is a leading job board in the United States focusing specifically on IT jobs. In addition to career opportunities, the website also provides valuable insight for technology professionals and often conducts extensive research to back that up. While the statistics they publish are usually US-specific, these trends are often apply to the Canadian IT industry.

The annual Dice Salary Survey, which was published at the end of March, had participation from 12,907 employed technology professionals. It contains extensive research that is useful for both IT professionals and recruiters alike. While there is too much to summarize it all in one post, here are a few helpful graphics regarding rate and salary that may help you negotiate or plan for your next contract:

Average Tech Salaries Dropped a Little in 2016

The past 10 years has seen a significant rise in tech salaries; however, 2016 was the first when average salaries dropped slightly. It will be interesting to see which direction the trend moves in 2017.

Dice - Average US Tech Salary 10 Year Trend
Source: Dice Salary Survey 2017

Average IT Contractor Rates Also Dropped Slightly

IT freelancers were not immune to the 2016 drop in rates, although it wasn’t as big of a decrease from 2015 compared to the average salary decrease.

Dice - Hourly Rates for Contractors
Source: Dice Salary Survey 2017

Consultants Are Still Making More Than Full-Time Workers

When Dice used the base rate per hour to determine an IT consultant’s annual salary, they still came up ahead of full-time workers by more than $20K. While this may seem like a wide gap, in reality, when consultants factor in expenses such as insurance and risk of having no work, it isn’t a huge difference.

Dice - Average Salary by Employment Type
Source: Dice Salary Survey 2017

The Top Salaries by Job Title

If you’re wondering which jobs garner the highest salary, then here’s your answer. Tech Management has the highest salary, but keep an eye on the Security Engineer which had the highest growth in salary from 2015.

Source: Dice Salary Survey 2017