2024 End-of-Year Report
Payscale’s 2024 End-of-Year Report looks at the state of the job market, the top 10 in-demand jobs by wage growth, the top jobs people are seeking to quit, and top jobs employers are trying to recruit in 2024.
Tech Industry Compensation Management Made Simple
These days, keeping up with compensation ranges for skilled tech employees can be a daunting task. In order to recruit and retain these talented individuals, you’ll need to offer competitive pay. But how much is enough? Payscale has the technology industry salary data and compensation software you need to stand apart in this competitive market.
Top Challenges for the Technology Industry
Hiring to support rapid growth
The technology industry has been a competitive industry for a long time. Compelling salary offers and total rewards packages are essential to attract talent in a competitive job market.
Planning for pay increases
In a hot job market, you have to think about pay equity. The talent you are most anxious to keep is also the talent you are most likely to lose if your employees' pay doesn't keep pace with their peers.
Attracting skilled talent
The technology industry is investing in more technology and seeing emerging and hard-to-price analytical and IT jobs as a result, with the need for unique market data insights to compensate hot skills.
Accommodating workplace flexibility
Following the pandemic, employees want to be able to work from home at least some of the time. IT businesses are now having to consider location-based pay strategies that can accommodate remote work.
Stop waiting on surveys
Payscale gives you access to current salary data that you can cut any way you like it — even by competitors! — so you can make pay decisions right now.
Learn more about our dataSalary data available from Payscale right now
6
Million incumbents - Peer
2000+
Participating orgs - Peer
26%
Participant growth 2021 - Peer
71%
Incumbent growth 2021 - Peer
65+
Million profiles - Employee Reported
Our technology, your transformation
Explore the products that are transforming pay practices.
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We now have more accurate and reliable information [from Payfactors] that enables us to make better business/ compensation related recommendations and decisions. [Payfactors’] software has saved me countless hours with its reporting and modeling
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Randon W., Compensation Analyst, Western Governors University
We moved from keeping everything on spreadsheets to have one data repository, that allows us to analyze the data. The data is easy to upload and once on the tool is easy to update and customize. The availability to download pretty much any kind of report is amazing for reviews. Start using the tool immediately – easy to use with in-depth features.
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Pedro Mendoza, Senior Compensation Analyst, Long Beach Memorial Medical Center
Coming from using other compensation tools, we’ve never experienced this level of gold standard customer service before as we have with Payfactors. We love the entire platform, and how user-friendly it is. The Payfactors Data Insights team is incredible and has turned around projects for us so quickly. I would highly recommend Payfactors for any HR Comp professional looking to be more thoughtful in their compensation strategies and for the critical support in doing so.
by
Jenny Mao, Director of Compensation, MAXIMUS
Customer Stories
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Track annual and quarterly wage growth
The Payscale Index is publicly available data that tracks and compares wage growth by city, industry, company size, and job category. The Payscale Index draws from Payscale's Employee Reported data which includes a salary data cut specific to the finance and insurance industry.
Explore research and insights in the technology industry
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Download the data sheet to explore in-depth insights and actionable strategies for optimizing compensation practices in the Food & Beverage industry.
SBS highlights: Food, Beverage & Hospitality
Our Salary Budget Survey features insightful analysis sourced directly from compensation professionals broken out across key firmographic and geographic segments.
SBS highlights: Technology (including software) Industry
Our Salary Budget Survey features insightful analysis sourced directly from compensation professionals broken out across key firmographic and geographic segments.
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possible with Payscale?
Many organizations in high tech have already turned the corner on modernizing their pay practices with compensation software. Let’s meet to discuss how Payscale can help your teams access up-to-date salary data to market price your fastest growing IT jobs.
