Technology professionals are seeing a spike in salary increases despite a recessionary economy, according to the 2008-09 Annual Salary Survey from Dice, the leading career site for technology and engineering professionals. Gathering the responses of more than 19,000 technology workers between August and November 2008, Dice tracked a 4.6 percent increase in average pay from the previous year to $78,035.
The top worries for technology professionals in 2009 are keeping skills up to date (22 percent), job elimination (20 percent), lower salary increases (14 percent), cancelled projects (12 percent) and increased workload due to staff cuts (10 percent). Supporting this theme, Dice reports a 67 percent increase in the number of new resumes posted to its site in the fourth quarter (year over year). Given that the majority of technology professionals who utilize Dice are currently employed, such "passive job hunting" indicates greater anxiety about the job market.