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2023 Technology Salary and Employment Trends

A successful career as a technology professional requires you to keep your finger on the pulse of the industry. This includes a full understanding of the latest IT employment trends to ensure you get paid what you deserve. Remember, even with a potential recession, the demand for tech professionals remains higher than ever before.

With a goal of keeping your IT career trending upward, check out these 2023 technology salary and employment trends. Use this information to demand higher pay from your current employer if necessary. Maybe you need to look elsewhere for a new job to truly achieve your career goals? If so, we’re here to help you with your next job search.

Check out these 2023 technology salary and employment trends

Tech Salaries on The Increase

Strong demand for IT professionals obviously means higher salaries. In fact, a recent report highlighted the fact that tech salaries increased by 6.7 percent in 2022. Certain niches enjoyed an even larger increase. For example, tech professionals with mobile skills saw their salaries increase by 30 percent. So if your current employer isn’t offering enough of a raise, find one willing to do so.

The Current Tech Job Market Favors Candidates

Even with highly publicized layoffs at Amazon and Meta, the IT job market remains candidate-driven. The same report noted that tech employers made 70 percent more hires in 2022 compared to the previous year. So any tech professionals laid off by technology giants quickly find work with other organizations.

Notably, some studies estimate up to 200,000 open technology positions exist in the United States. 97 percent of technology managers feel this shortage hampers the current digital transformation. So expect this strong demand and higher salaries to continue for the foreseeable future.

Hybrid Work is Here to Stay

One of the drivers of the Great Resignation involves tech employers wanting a return to the office after COVID-19. Well, it appears the remote or hybrid employment model is here to stay. IT professionals boast a strong desire to balance their personal and professional lives.  

Interestingly, the earlier report noted only 4 percent of the surveyed developers want a full return to the office. At the same time, 60 percent are open to working in an office at least part of the time. It becomes obvious that hybrid work supports a proper work-life balance. Notably, this desire rivals salary considerations according to the same report.

Is your company prepared for these trends?

If you want to take your IT career to a higher level, contact the expert recruiters at Technology Partners. As one of the top technical staffing agencies in the Midwest, we know the companies looking for exceptional candidates. Companies, you can connect with us to find the right technical talent for your toughest projects.

We can help you gain the flexibility you desire in your career. See our current opportunities.

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