The best way to get a pay increase this year, according to an annual tech-salary survey, is to move to a different company or to Silicon Valley.
Career site Dice.com, which specializes in technology and engineering professionals, reports tech workers, on average, garnered salary increases of 0.7 percent in 2010, to $79,384 from $78,845 in 2009, following a similar increase the previous year.
Nearly four out of 10 technology professionals anticipate they could make more money if they change employers in 2011. Those professionals (24 percent) who felt switching employers would not increase their pay earned, on average, nearly $13,000 more than those who anticipate finding higher salaries elsewhere.
After a slip in average salaries last year, paychecks for technology talent in Silicon Valley increased 3 percent to an average salary of $99,028. In addition, 35 percent of Valley respondents received a bonus in 2010, as compared to just 26 percent in 2009.
It also appears wages have been reset lower for technology professionals who are entering the field. For the second straight year, the average salaries of technology professionals with less than two years experience have declined and are 6 percent below their peak average wages in 2008.
Average tech salaries in New York ($87,298) and the Washington/Baltimore corridor ($89,149) inched higher year-on-year, while average salaries in Atlanta ($82,944) and Philadelphia ($81,986) jumped 5 percent year-on-year — the strongest performance in any of the top 10 metropolitan markets. Two markets showed declines: Los Angeles dropped 4 percent to $84,551; and in Chicago average technology salaries declined 1 percent to $79,933.
Additional information, including the skill sets in most demand, can be found here. Willingness to relocate is a definite plus.